Palantir is trading 3.00% up now at $176.18 after reports that a Pentagon memo directs up to $243.9 million for Palantir services through March 31, 2027.
- The memo seeks additional funding through 2028.
- Proposed spending supports military production-efficiency work and strengthens Palantir’s defense relationship, but is not yet a finalized contract.
- Broader risk-on sentiment supports technology shares, with the Nasdaq up 0.90%.