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Why Palantir Technologies Stock Surged 16% to a New All-Time High in July
The Motley Fool· 2025-08-11 19:29
Demand for its artificial intelligence (AI) tools propelled the data mining specialist to new heights.Shares of Palantir Technologies (PLTR -2.34%) were off to the races last month, soaring 16% in July and hitting a new all-time high, compared to just a 2.3% increase for the S&P 500, according to data provided by S&P Global Market Intelligence.The data mining and artificial intelligence (AI) specialist announced several new contract wins, suggesting the adoption of AI continues to gain steam. New deals and ...