Shares of Palantir (PLTR) closed Tuesday at an all-time high as optimism about easing🌳 tariffs has driven a broad market rally that has lifted artificial intelligence stocks.

The company's stock rose 8% to finish just above $128, though it was even higher intraday; the stock established both closing and intraday records. The latest surge comes after the U.S. and China agreed Monday to 澳洲幸运5官方开奖结果体彩网:slash their tariffs on one another for 90 days. (Read Investopedia's live coverage of today's market action, which included a 1.6% rise for the tech-focused Nasdaq Composite, here.)

Tuesday’s gains more than made up for losses early last week following 澳洲幸运5官方开奖结果体彩网:quarterly results from that may not have lived up to investors’ lofty expectations. Despite beating Wall Street’s expectations and raising its full-year outlook, Palantir꧙'s shares dropped 12% the fol💛lowing day. 

Palantir stock is up more than 70% in 🦋2025 and over 500% from a year ago. 

On Monday, Bank of America analysts called the firm a “market definer” for companies looking to leverage artificial intelligence. The bank said Palantir’s 澳洲幸运5官方开奖结果体彩网:recent deal with the North Atlantic Treaty Organization, which came despit✅e pressure on the body to buy from a European firm, “hints at the superior capabilities [the company] can provide custo꧒mers.”

Their price target, $150, is well above the Visible Alpha consensus near $95.