Palantir joins defense stocks rally

Palantir Technologies

02/03/2026 15:02

** Shares of military-grade AI tools and services provider Palantir PLTR.O jump 4.5% to $143.14

** Stock climbs alongside broader rally in U.S. defense firms as the U.S.-Israeli air war against Iran expands

** S&P 500 Aerospace and Defense index .SPLRCAERO adds 1.3%

** Last month, PLTR said revenue derived from the U.S. government jumped 66% to $570 million in Q4, helping lift total sales to $1.41 billion

** PLTR up 62% in the past 12 months vs. 50% gain in SPLRCAERO

(Reporting by Medha Singh)

((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;))