Palantir Technologies (PLTR) rose 2.64% in pre-market trading on February 18 to reach $136.53. The stock closed the previous session on February 17 at $133.02. During pre-market hours, shares fluctuated between a low of $133.46 and a high of $137.34.
Investor confidence remains high following the company's strong fourth-quarter earnings report released on February 2. Broader market sentiment is providing additional tailwinds as global inflation data softens. Easing concerns regarding the artificial intelligence sector have further bolstered gains across major indices and technology stocks.