Why Palantir Stock Gained Today
Key Points
Palantir stock rose today despite news that the U.S. was making its own moves to blockade the Strait of Hormuz.
The broader market moved higher in response to President Trump stating that Iran had called to resume negotiations to end the war.
- 10 stocks we like better than Palantir Technologies ›
Palantir (NASDAQ: PLTR) stock posted significant gains in Monday's trading. The tech specialist's share price ended the day's trading up 3.3%. The S&P 500 index's level climbed 1% in the same daily session and the Nasdaq Composite index's level closed out the day's trading up 1.2%. The artificial intelligence (AI) software company's share price had been up as much as 4.9% earlier in the day.
Stocks saw strong bullish momentum in today's session in response to renewed hopes that the Iran war could continue to de-escalate in the near future. Despite today's pop, Palantir stock is still down 25.5% in 2026.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
Iran war news continues to spur significant moves
The stock market continued to see volatile moves in conjunction with developments connected to the outlook on the Iran war. Stock valuations for some growth-dependent tech stocks were under pressure early in the day due to news that the U.S. was taking steps to block the passage of ships through the Strait of Hormuz, but bullish momentum strengthened as the day progressed. The turnaround was driven by President Donald Trump's statement that Iranian officials had called to restart negotiations on a peace deal.
What's next for Palantir?
The Iran war has been a major source of market volatility since it kicked off at the end of February, and developments in the conflict will likely continue to play a big role in near-term valuation moves. In addition to higher energy and materials sourcing prices connected to the war.
While Palantir is a leading provider of defense software and analytics services, macroeconomic risks and the company's growth-dependent valuation have exposed the stock to war-related downside valuation pressures. In addition to macro dynamics connected to the war, perceptions regarding Palantir's competitive positioning in relation to Anthropic will likely continue to play a significant role in shaping the stock's near-term performance.
Should you buy stock in Palantir Technologies right now?
Before you buy stock in Palantir Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $555,526!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,156,403!*
Now, it’s worth noting Stock Advisor’s total average return is 968% — a market-crushing outperformance compared to 191% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 13, 2026.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
Recommended Articles
