Why Palantir Technologies Inc. (PLTR) Soared Last Week

From Yahoo Finance: 2025-04-26 14:05:00

Last week, ten companies saw double-digit gains, outperforming major indices amid catalysts like upcoming earnings. The Nasdaq rose 6.7%, S&P 500 4.59%, and Dow Jones 2.48%. Top 10 stocks were chosen based on the highest percentage increase in closing prices from April 17 to April 25, with a $2B market cap and $5M trading volume.

Palantir Technologies Inc. (PLTR) surged 20.26% to $112.78 last week, up from $93.78 on April 17. Investors reacted positively to its partnership with Google to enhance services for US government agencies. Google Cloud will be integrated into Palantir’s FedStart initiative to improve government services while maintaining security and compliance standards.

Google’s Anthropic AI startup will be the first to utilize the new capability through Palantir’s FedStart on Google Cloud. This collaboration aims to bring cutting-edge technologies to the US government to accelerate public sector mission impact and outcomes. PLTR ranks 8th on the list of firms with double-digit gains last week, with potential for high returns in the AI sector.



Read more at Yahoo Finance: Why Palantir Technologies Inc. (PLTR) Soared Last Week