Quick Read – Palantir surged 5% and Cloudflare jumped 3% with no company-specific catalyst, as a U.S.-Iran peace deal sparked a broad risk-on rally. – QQQ gained 3% and SPY rose 1.9% intraday, confirming the macro bid lifting high-beta AI and security growth names. – Palantir…
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Palantir Technologies (NASDAQ:PLTR) stock is up 5% in Monday midday trading, changing hands near $134. The move comes alongside a broad risk-on rally, with the NASDAQ 100 tracking ETF Invesco QQQ Trust (NASDAQ:QQQ) up 3% on the session. Cloudflare (NYSE:NET) stock is following the same script, trading higher by 3% to around $235 and change.
There’s no identified company-specific catalyst for either name today, which makes the parallel moves notable. Investors appear to be rotating back into AI and security software exposure as risk appetite returns. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1.9% intraday, confirming the breadth of the bid.