Palantir Stock Hits a New High. It Just Keeps Rallying. -- Barrons.com

Dow Jones05-14

By Nate Wolf

Palantir Technologies stock jumped to its highest level on record Tuesday. The software maker has had an impressive run this year.

The company's shares rose 8.1% to $128.10, making it the best-performing stock in the Nasdaq 100 and one of the top performers in the S&P 500, according to Dow Jones Market Data. The company closed above the $300 billion market cap threshold for the first time, too.

Reasons for Tuesday's jump weren't clear. The broader stock market was in rally mode, with the Nasdaq Composite climbing 1.6% on the day. In company news, air taxi manufacturer Archer Aviation disclosed Tuesday that it is working with Palantir.

The move upward continues what is shaping up to be a banner year for the company, which sells operating systems to government and commercial clients.

Palantir stock has leapt 71% this year and a staggering 503% over the past 12 months, buoyed by investor enthusiasm for both artificial intelligence and defense stocks.

Write to Nate Wolf at nate.wolf@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 13, 2025 16:39 ET (20:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The software maker has had an impressive run this year. \n\n\n     The company's shares rose 8.1% to $128.10, making it the best-performing stock in the Nasdaq 100 and one of the top performers in the S&P 500, according to Dow Jones Market Data. The company closed above the $300 billion market cap threshold for the first time, too. \n\n\n     Reasons for Tuesday's jump weren't clear. The broader stock market was in rally mode, with the Nasdaq Composite climbing 1.6% on the day. 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