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Why Palantir Technologies Stock Surged 16% to a New All-Time High in July

TheMotleyFool

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Why Palantir Technologies Stock Surged 16% to a New All-Time High in July: https://g.foolcdn.com/editorial/images/828850/the-letters-ai-glowing-on-a-circuit-board-processor.jpg

Shares of Palantir Technologies (NASDAQ: PLTR) were off to the races last month, soaring 16% in July and hitting a new all-time high, compared to just a 2.3% increase for the S&P 500, according to data provided by S&P Global Market Intelligence.

The data mining and artificial intelligence (AI) specialist announced several new contract wins, suggesting the adoption of AI continues to gain steam.

Image source: Getty Images.

Source Fool.com

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