Why Palantir Stock Soared Today
Palantir (NASDAQ: PLTR) stock moved higher in Friday's trading. The company's share price rose 5.3% in the daily session amid roughly flat trading for the S 500 and a 0.2% drop for the Nasdaq Composite.
While many artificial intelligence (AI) chip stocks are getting hit with pullbacks today, there appears to be some investor rotation into high-profile AI software plays. Even though the stock is bouncing today, it's still down roughly 36% across 2026's trading and 45% from its all-time high.
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Source Fool.com
