Palantir Stock Surges 7.73% to $131.85 on Record Trading Volume Third Highest of the Day

On May 30, 2025,
Technologies (PLTR) saw a significant surge in its stock price, closing at $131.85, marking a 7.73% increase from the previous day's close. The trading volume reached 236.94 billion, making it the third highest in the day's market activity.Palantir's stock price jumped following a report by the New York Times detailing the company's expanded contracts with the U.S. government. The report highlighted Palantir's role in streamlining data sharing across various government agencies under the Trump administration, underscoring the effectiveness of its Foundry platform. This news boosted investor confidence in Palantir's government business and its near-term growth prospects.
Palantir's Foundry platform has been integrated into at least four federal agencies, including the Department of Homeland Security and the Health and Human Services Department. The Trump administration has further expanded Palantir's government footprint through over $113 million in new federal spending since taking office. This includes new and renewed collaborations with entities such as the Department of Homeland Security and the Department of Defense.
Additionally, Palantir is reportedly in talks with the Internal Revenue Service and Social Security Administration for potential new contracts. These discussions, along with the existing government contracts, indicate a growing reliance on Palantir's data analysis and artificial intelligence capabilities within the federal government.
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