PLTR is trading at $152.16 (+3.36%) as the company benefits from its role as a major government contractor amid rising US-Iran tensions and Middle East escalations.
- The stock has surged approximately 13% over the last four trading sessions, following a 5.8% jump on March 2 and a 1.4% rise on March 3.
- With roughly half of its revenue tied to government contracts, Palantir is well-positioned for a potential increase in defense and intelligence spending.
- Tech gains are being supported by a 0.80% rise in the NASDAQ, though no company-specific earnings or deals were announced today.