PLTR is trading at $133.06 (+3.04%) as cooler-than-expected January CPI data at 2.4% boosts broader market sentiment.
- The stock is rebounding from a 4.83% decline on February 12, which was driven by Michael Burry's bearish commentary and concerns over delayed Fed rate cuts.
- Broader markets are trending higher following the inflation report, with the S&P 500 up 0.69% and the NASDAQ gaining 0.37%.
- No company-specific news was reported for Palantir today; the move aligns with a general recovery in the technology sector following yesterday's weakness.