Palantir Technologies (PLTR) Shares Skyrocket, What You Need To Know
Yahoo Finance ·
Palantir Technologies (PLTR) Shares Skyrocket, What You Need To Know Radek Strnad Wed, July 1, 2026 at 10:17 PM EDT 2 min read PLTR What Happened? Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) jumped 9.3% in the afternoon session after the company announced a strategic AI partnership with Nvidia, while a financial disclosure revealed President Donald Trump holds a significant stake. The collaboration with Nvidia will focus on deploying AI models for U.S. government agencies and critical infrastructure. Adding to the positive news, Palantir also announced an expanded commercial agreement with Surf Air Mobility and a contract to provide the U.S. Army with its Foundry platform. Investor sentiment was further boosted by President Trump's financial disclosure, which showed he owns at least $1 million in Palantir shares and recently purchased more. Further contributing to the optimism, Guggenheim's John DiFucci upgraded SaaS peers, Salesforce and ServiceNow to Buy, arguing the AI-disruption fear that gutted the sector during the year had pushed valuations too low. The shares closed the day at $125.62, up 7.7% from the previous close. Is now the time to buy Palantir Technologies? Access our full analysis report here, it's free . Palantir Technologies's shares are very volatile and have had 28 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. Palantir Technologies is down 25.2% since the beginning of the year, and at $125.49 per share, it is trading 39.4% below its 52-week high of $207.18 from November 2025. Despite the year-to-date decline, investors who bought $1,000 worth of Palantir Technologies's shares 5 years ago would now be looking at an investment worth $5,076. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you're unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE .
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