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Why Palantir Technologies Stock Rallied on Tuesday

Danny Vena, The Motley Fool
·2-min read
Why Palantir Technologies Stock Rallied on Tuesday

Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher Tuesday, joining the general enthusiasm for anything related to artificial intelligence (AI). Rather, the catalyst that helped the machine-learning software and data-mining specialist gain ground was a flurry of news reports from another purveyor of AI technology -- Nvidia (NASDAQ: NVDA). Over the weekend, Nvidia CEO Jensen Huang gave the keynote address at the Taipei International Information Technology Show -- also known as Computex.

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