Palantir Joins Software Stock Rally Amid Semiconductor, Tech SellOff

Image for article Palantir Joins Software Stock Rally Amid Semiconductor, Tech SellOff
News Source : Biztoc.com

News Summary

  • Shares in Palantir Technologies (PLTR) climbed on Friday as many software stocks also rose while the Nasdaq composite retreated amid a sell-off in semiconductor and artificial intelligence plays.
  • Palanir stock, which hit a new 52-week intraday low on Thursda, was up 2.7% on Friday to close at $16.05.
  • The company was down 1.8% on Thursday.
Shares in Palantir Technologies (PLTR) climbed on Friday as many software stocks also rose while the Nasdaq composite retreated amid a selloff in semiconductor and artificial intelligence plays.

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