From Yahoo Finance: 2025-06-03 11:05:00

Palantir Technologies (PLTR) has outperformed tech stocks this year, surging over 70% with military-grade AI tools, defense ties, and government connections driving investor confidence.

Co-founder Peter Thiel’s ties to the Trump administration have boosted business opportunities, with a $30 million contract from U.S. Immigration and Customs Enforcement for tracking undocumented immigrants being a notable win.

Despite political ties, Palantir emphasizes long-standing partnerships with ICE and focuses on its AI platform’s growth potential, drawing investor interest with its unique offerings.

The company’s revenue heavily relies on U.S. government contracts, leading to concerns over its polarizing political profile and America-first stance impacting international commercial sales.

Palantir’s stock rally and valuation premium reflect its impressive growth in government contracts, highlighting its success in a challenging tech market.



Read more at Yahoo Finance: Palantir defies tech gloom as Trump momentum powers stellar share gains