Why Palantir Stock Jumped Today
Shares of Palantir Technologies (NASDAQ: PLTR) spiked on Friday. The company's stock finished the day up 7.7%. The move came as the S 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.3%.
The New York Times released a report Friday detailing the extensive and growing relationship Palantir has with the Trump administration.
Palantir, which leverages artificial intelligence (AI) to analyze massive data sets and help make better decisions, is increasingly being called upon by the Trump administration to solve problems in agencies across the federal government, including the IRS and the Department of Homeland Security.
Source Fool.com
