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Why Palantir Technologies Charged Higher on Monday


Palantir Technologies (NASDAQ: PLTR) stock surged sharply higher to start the week, gaining as much as 6%. As of 11:44 a.m. ET, it was still up 5.4%.

The artificial intelligence (AI) software and data mining specialist rallied to a new all-time high late last week, before giving back some of its gains. However, investors were more bullish on Monday as the company announced a new catalyst for its business.

Image source: Getty Images.

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Source Fool.com

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