10/9/2024, 1:18:03 pm

Palantir soars 13% toward record highs

Palantir stock surged 13% after it was announced that the stock will be added to the S&P 500 index on September 23.The defense-focused software company, valued at $75 billion, will replace American Airlines Group. Palantir's recent focus on AI and consistent profits have convinced Wall Street of its growth potential, with the stock trading at a new 52-week high.