Palantir Technologies (PLTR) stock has surged this past month, climbing almost 17%, surpassing both the overall market and several of its AI peers. The rally has been fueled by heightened defense demand due to the escalating U.S.–Iran conflict. Investors are now drawn towards defense contractors and mission-critical software providers.
While the headlines might be driving the current surge, Palantir’s rally in 2026 is rooted in its fundamentals, which are strengthening.
