Why Palantir Stock Soared 4.7% Today

Palantir bounced back Thursday on inflation news.Shares of Palantir Technologies (PLTR +4.73%) rose on Thursday, finishing the day up 4.7%. The jump came as the S&P 500 and the Nasdaq Composite finished up 0.7% and 1.3%, respectively.The artificial intelligence (AI) company's stock recovered most of Wednesday's decline after a softer-than-expected inflation report raised market hopes of more rate cutting by the Federal Reserve.NASDAQ : PLTRPalantir TechnologiesToday's Change( 4.73 %) $ 8.38Current Price$ 18 ...