Palantir Technologies stock climbs alongside peers after strong earnings from Snowflake and Dell drive sector gains.
Palantir Technologies (PLTR) shares rose more than 3% to nearly 162 on Monday, extending a two-day gain of 17%. The rally followed robust earnings reports from Snowflake (SNOW) and Dell Technologies (DELL), which bolstered broader software stocks.
Enterprise software stocks, including Salesforce (CRM) and ServiceNow (NOW), also posted strong gains. The sector’s upward momentum aligns with a broader market rally, including advances in the Dow Jones index, amid optimism over potential geopolitical developments.
Trading volume for PLTR remained elevated as investors reacted to the sector-wide strength and upcoming economic data, including a jobs report due later this week.