Palantir Stock Is Having Its Best Day in a Year. Software Looks Like a Buy Again
Palantir Technologies was having its best day in more than a year on Friday as a rebound in software stocks lifted shares of the beleaguered company.The stock advanced 9.1% to $156.38, on pace for its largest single-day jump since April 2025, according to Dow Jones Market Data. The Nasdaq Composite ticked up 0.3%.The driver behind those gains was easy to identify: Palantir, like many other software stocks, got a lift from Snowflake's earnings report on Wednesday, which sparked a sector-wide rally that has lasted for two straight sessions.Palantir itself has gained nearly 18% over the span, its best performance since the two days ended April 9, 2025, according to Dow Jones Market Data.But the momentum has since ground to a halt. Even counting this week's surge, Palantir shares remain solidly in the red this year, down nearly 12%. The tech-heavy Nasdaq, by comparison, has gained 16%.Software stocks were battered earlier in the year as investors fretted that AI would take market share fro
