From Barchart: 2025-06-06 16:30:00

Shares of Palantir (NYSE:PLTR) surged 6.8% after a Bureau of Labor Statistics report showed non-farm payrolls rose by 139,000 in May 2025, beating forecasts. A stable labor market could support consumer spending and ease recession fears. Palantir shares closed at $127.68, up 6.5% from previous close.

The market sees today’s move as meaningful but not game-changing for Palantir. The stock has been volatile, with 48 moves exceeding 5% in the past year. Palantir’s government contracts expansion news 7 days ago boosted optimism about its growth potential. The stock is up 69.9% this year, trading close to its 52-week high.

Generative AI is set to revolutionize businesses, and investing in semiconductor stocks capitalizing on this trend could be lucrative.



Read more at Barchart: Why Is Palantir (PLTR) Stock Rocketing Higher Today