Palantir Technologies Inc Stock News

Though the upside was swiftly tempered, Palantir (NASDAQ: PLTR) stock enjoyed a remarkable market open on Monday, April 14, as it stood nearly 10% in the green in the daily chart and above $96.

Palantir stock rose amid the sale of an artificial intelligence-enabled military system to NATO, the U.S.-Europe mutual defense alliance.

Palantir (PLTR -0.22%) stock investors will not want to miss these risk factors because they could have huge implications.

Palantir (PLTR -0.22%) stock hasn't been immune to the broad stock market sell-off over the past few weeks. Although stocks got a nice bump on Wednesday, Palantir is still down around 25% from its all-time high.

Palantir's stock has dropped over 40%, and I don't understand why. The world is shifting from a US-centric global economy to a more individualistic order. This provides a huge tailwind for Palantir, as it will become the engine of the US military and re-industrialization effort.

Investment strategist Shay Boloor has identified what he calls the “new Mag 7” of artificial intelligence (AI)- driven companies that are likely to shape the future of the digital economy over the next decade.

Palantir (PLTR -0.22%) has managed to be relatively resilient amid the recent turmoil in the stock market. As of this writing, the stock is up 17% year to date despite pulling back 27% from the all-time high it reached in February.

Palantir Technologies (PLTR -0.22%) went public in September 2020, and shares of the software platforms and data analytics provider have jumped an impressive 714% since then as of this writing, though it is worth noting that almost all of the stock's gains have arrived in the past couple of years following the launch of its artificial intelligence (AI) software platform in April 2023.