Palantir Stock Jumps to Highest Level Since February. What’s Behind Its Rise.
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Palantir Technologies climbed on Wednesday as concerns over a trade war with Beijing subsided and a wave of earnings reports offered encouraging signs about the artificial intelligence market. Shares of the company, a major supplier of software to the federal government, rose 6.9% to $100.49. The sharp gains came after President Donald Trump indicated that he would move to trim back tariffs once the countries negotiated a deal.
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