Here's Why Palantir Stock Surged Today

·1-min read
Here's Why Palantir Stock Surged Today

Shares of Palantir Technologies (NYSE: PLTR) jumped 9.4% Tuesday after the data analytics specialist delivered solid first-quarter results. The software company enjoyed strong gains across both its U.S. government and commercial businesses, which saw revenue rise 83% and 72%, respectively. Investors bid up Palantir Technologies' stock price Tuesday.