Why Palantir Technologies Inc. (PLTR) Soared Last Week

Ten companies finished the past trading week connected a precocious note, outperforming the 3 large indices with double-digit gains amid a flurry of catalysts, including upcoming net releases, that sparked buying appetite.

Week-on-week, the Nasdaq rallied by 6.7 percent, the S&P 500 clocked successful a 4.59-percent gain, portion the Dow Jones was up by 2.48 percent.

In this article, we person listed past week’s apical 10 performing stocks and elaborate the reasons down their gains. The stocks were chosen based connected the highest percent summation successful closing prices connected April 25 arsenic against their prices connected April 17, oregon the week prior.

To travel up with the list, we considered lone the companies with a $2-billion marketplace capitalization and a $5-million trading volume.

A bundle technologist manipulating a immense web of codification connected virtual monitors.

Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies rallied by 20.26 percent week-on-week to adjacent astatine $112.78 connected Friday versus the $93.78 registered connected April 17 arsenic investors cheered its concern with Google to heighten the transportation of services to US authorities agencies.

In a connection earlier successful the week, Leigh Palmer, vice president for technology, delivery, and operations astatine Google’s nationalist sector, said that the institution partnered with Palantir Technologies Inc. (NASDAQ:PLTR) to integrate its Google Cloud successful the latter’s FedStart initiative.

The collaboration yet aims to beef up authorities services portion upholding the highest information and compliance standards.

Google’s generative artificial quality startup, Anthropic, volition beryllium the archetypal bundle institution to usage the caller capability. Its Claude for Enterprise exertion volition beryllium disposable to national authorities agencies done Palantir Technologies Inc. (NASDAQ:PLTR) FedStart connected Google Cloud.

“By partnering with manufacture leaders to bring cutting-edge technologies to the US government, Google tin accelerate nationalist assemblage ngo interaction and outcomes,” Palmer said.

Overall, PLTR ranks 8th connected our database of firms that recorded double-digit gains past week. While we admit the imaginable of PLTR arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns and doing truthful wrong a shorter clip frame. There is an AI banal that went up since the opening of 2025, portion fashionable AI stocks mislaid astir 25%. If you are looking for an AI banal that is much promising than PLTR but that trades astatine little than 5 times its earnings, cheque retired our study astir this cheapest AI stock.