In This Article:
We recently published a list of These 10 Firms Led Friday’s Rally, Here’s Why. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other firms that led Friday’s rally.
The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment.
The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively.
Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
A software engineer manipulating a vast network of code on virtual monitors.
Palantir Technologies Inc. (NASDAQ:PLTR)
Palantir Technologies extended its winning streak for a fourth straight day on Friday, adding 4.64 percent to close at $112.78 apiece as investors continued to snap up shares following its recently inked partnership with Google to integrate its cloud into the former’s FedStart initiative.
In a statement earlier in the week, Leigh Palmer, vice president for technology, delivery, and operations at Google’s public sector, said that Google’s partnership with PLTR aims to enhance the delivery of services to US government agencies while upholding the highest security and compliance standards.
Anthropic, Google’s generative artificial intelligence startup, was said to be the first software company to use the new capability. Its Claude for Enterprise application will be available to federal government agencies through Palantir Technologies Inc. (NASDAQ:PLTR) FedStart on Google Cloud.
“By partnering with industry leaders to bring cutting-edge technologies to the US government, Google can accelerate public sector mission impact and outcomes,” Palmer said.
Overall, PLTR ranks 9th on our list of firms that led Friday’s rally. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.