Palantir Surges to Third in Trading Volume on $10.22 Billion Day as Defense and Auto Deals Drive Momentum

On September 2, 2025, Palantir Technologies (PLTR) traded with a volume of $10.22 billion, marking a 44.28% increase from the previous day and ranking third in trading activity across the stock market. The stock closed with a 0.24% gain.

Recent developments highlighted Palantir's strategic focus on expanding its government contracts, particularly through its work with U.S. defense agencies. Reports indicated the company is finalizing multi-year agreements to enhance its AI-driven analytics platforms for national security applications. Analysts noted these contracts could solidify Palantir's position in a sector experiencing heightened demand due to geopolitical tensions.

Separately, the company announced a partnership with a major European automotive manufacturer to integrate its data-collaboration tools into supply chain management systems. While the collaboration does not directly impact current revenue streams, it signals growing traction in commercial markets beyond defense. This move aligns with Palantir's broader strategy to diversify its client base and reduce reliance on government spending cycles.

Backtesting results for PLTR over a 90-day period showed a 12.3% cumulative return, outperforming the S&P 500 by 7.8 percentage points. The stock demonstrated a 63% positive close-to-close correlation with defense sector indices during the same timeframe, underscoring its sensitivity to macroeconomic and geopolitical factors.