Reported 10 days ago
In the first quarter of 2025, while the Nasdaq Composite dropped by 10.4%, Palantir Technologies' shares surged by 11.6%. This growth was driven by strong earnings, an expanding client base, and investor optimism following the new administration. Despite a peak increase of over 65% earlier in the quarter, shares fell due to concerns over potential defense budget cuts. However, renewed optimism emerged as indications suggested increased defense spending. Yet, analysts advise caution given Palantir's high valuations.
Source: YAHOO