Palantir Stock Surges Amid Speculation of Venezuela Raid Involvement
Palantir Technologies shares rallied 3.7% to $174.04 on Monday, snapping a five-day losing streak. The surge followed unconfirmed social media speculation linking the company's data analytics software to the U.S. operation that captured Venezuelan President Nicolás Maduro.
The stock reached an intraday high of $175.82, marking its largest single-day gain since December 19. Trading volume made it the eighth most active Nasdaq 100 component as investors reacted to the geopolitical developments.
Mizuho analysts noted Palantir's entrenched relationship with U.S. defense agencies, though the company hasn't confirmed participation in the Venezuela operation. The shares remain 16% below their November all-time high of $207.18.