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Latin Times
Latin Times
Business

Palantir PLTR Stock Hits Fresh Highs as AI Government Contracts Drive Momentum

Palantir Alex Karp United States
Palantir PLTR Stock Hits Fresh Highs as AI Government Contracts Drive Momentum

NEW YORK — Palantir Technologies Inc. shares edged higher Friday, closing at $133.99 after gaining $0.26 or 0.19 percent, as the data analytics company continued its remarkable 2026 rally fueled by expanding artificial intelligence contracts with government agencies and major commercial clients.

The modest daily gain pushed Palantir's market capitalization above $300 billion for the first time, cementing its status as one of the standout performers in the artificial intelligence sector. After-hours trading saw a slight pullback to $133.06, but the overall trajectory remains strongly bullish as investors bet on the company's growing role in defense, intelligence and enterprise AI applications.

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