Palantir Stock Soars On Defense Deals: What's Going On?

Palantir Technologies Inc PLTR have surged 19% this week, trading above $110 Friday afternoon and are higher by nearly 50% since April 4. Investors have responded positively to a combination of geopolitical developments and major defense partnerships.

What To Know: The stock has broken past a key resistance level near $97.75, indicating renewed technical strength and the potential for a sustained uptrend.

This comes as broader markets rebound this week following recent commentary from President Donald Trump on Federal Reserve leadership. However, Palantir's momentum is also being driven by its expanding footprint in defense and government tech.

The company's headline-making collaboration with Northrop Grumman on the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) program is a strategic shift from its traditional software-only model.

TITAN is a mobile battlefield intelligence platform that fuses Palantir’s AI capabilities with advanced defense hardware, and the first units were delivered to the Army earlier this year.

Palantir also recently announced a partnership with Google Public Sector to enhance cloud security compliance for federal agencies via its FedStart platform.

As its May 5 earnings approach, Palantir has continued to position itself as not just a data analytics firm, but a defense technology leader.

Read Also: Wall Street Rally Pauses, Tesla Heads For Strongest Week In 6 Months: What’s Driving Markets Friday?

How To Buy PLTR Stock

By now you're likely curious about how to participate in the market for Palantir Technologies – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Palantir Technologies, which is trading at $110.02 as of publishing time, $100 would buy you 0.91 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, PLTR has a 52-week high of $125.41 and a 52-week low of $20.50.