Advertisement
Australia markets closed

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • AUD/USD

    0.6604
    -0.0017 (-0.26%)
     

  • OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD

    2,366.90
    +26.60 (+1.14%)
     

  • Bitcoin AUD

    92,046.37
    -2,980.34 (-3.14%)
     

  • CMC Crypto 200

    1,260.21
    -97.80 (-7.20%)
     

  • AUD/EUR

    0.6128
    -0.0010 (-0.16%)
     

  • AUD/NZD

    1.0963
    -0.0006 (-0.05%)
     

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NASDAQ

    18,161.18
    +47.72 (+0.26%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • Dow Jones

    39,512.84
    +125.08 (+0.32%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

Palantir stock surges on AI hype

Yahoo Finance

Yahoo Finance Live's Yahoo Finance Live's Rachelle Akuffo takes a look at Palantir Technologies shares jumping amid AI hype

Video transcript

RACHELLE AKUFFO: All right. Taking a look at Palantir shares surging today, as AI hype dominates the markets. You see they're up almost 10% on the day.

Now the company has been climbing since reporting unprecedented demand for its AI platforms in Q1. The stock also getting a boost from Ark Invest's Cathie Wood buying about $4 million in shares on May 22. You can see shares of other AI stocks jumping as well. NVIDIA up over 5% today, and C3 AI up over 16%.

[MUSIC PLAYING]