Why Palantir Stock Is Skyrocketing Today
Key takeaways
- Keith Noonan, The Motley Fool Wed, July 1, 2026 at 11:00 PM GMT+7 3 min read PLTR NVDA ^GSPC ^IXIC Palantir (NASDAQ: PLTR) stock is seeing strong bullish momentum in Wednesday's trading.
- Palantir's valuation is moving higher today as investors have continued to rotate back into AI software stocks.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Keith Noonan, The Motley Fool Wed, July 1, 2026 at 11:00 PM GMT+7 3 min read PLTR NVDA ^GSPC ^IXIC Palantir (NASDAQ: PLTR) stock is seeing strong bullish momentum in Wednesday's trading. The artificial intelligence leader's share price was up 9% as of 11:35 a.m. ET. At the same point in the daily session, the S&P 500 was up 0.3%. Meanwhile, the Nasdaq Composite was flat.
Palantir's valuation is moving higher today as investors have continued to rotate back into AI software stocks. The company's recent announcement of a new partnership with Nvidia and news that Michael Burry has reduced his short position on the stock are also factoring into today's gains.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »