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Why Palantir Stock Jumped in September

TheMotleyFool

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Shares of Palantir Technologies (NASDAQ: PLTR) rose 16.4% in September, according to data from S&P Global Market Intelligence. While it's impossible to know the exact reason for the move (especially given how volatile Palantir shares are on a day-to-day basis), there were likely two main drivers.

First, the move higher came as the market leaned back into artificial intelligence (AI) winners; Palantir may have benefited from this sentiment. Second, investors were likely still processing the company's remarkable August update.

Image source: Getty Images.

Source Fool.com

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