Palantir rallies 15% for the week as Iran war boosts prospects, muting Anthropic concern
CNBC
Palantir's stock had its best week since August and outperformed all of its large-cap tech peers after the U.S. attacked Iran.
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran.
The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled as oil prices spiked and a report showed the U.S. economy unexpectedly lost jobs in February.
But with President Donald Trump showing no signs that the war in Iran is coming to a speedy conclusion, investors piled into Palantir, which counts on government spending for about 60% of its revenue and has been ramping up its work with military and intelligence agencies. Meanwhile, Wall Street appears unconcerned about the government's blacklisting of artificial intelligence company Anthropic, which started partnering with Palantir on defense work in late 2024.
Here are five key things investors need to know to start the trading day.
Carbon credit purchases by Amazon, Google, Meta and Microsoft skyrocketed in 2023, based on tracked purchases.
JD.com is pushing same-day delivery and international brands as a way to help it compete with Amazon.
Travis Kalanick is renaming City Storage Systems to Atoms, while focusing on robotics for mining and transportation.
With xAI now in the hands of SpaceX, Elon Musk says he's rebuilding the artificial intelligence company following high-level departures.
For JPMorgan Chase, winning the niche of startup banking from rivals is about more than just gaining deposits: It's a bet to future-proof the largest U.S. bank.
The hyperscalers racing to build the data centers needed for the AI boom have a PR crisis on their hands, but the industry is not taking the problem lying down.
Sales of Tesla's China-made electric vehicles rose in the first two months of 2026, from the year before, regaining lost ground to China's BYD.
Palantir CEO Alex Karp sat down exclusively with CNBC to discuss the Iran war and how AI is being used in wartime.
Rajesh Jha helped Microsoft bring to market an artificial intelligence assistant containing OpenAI models for its Office productivity customers.
Social media firms need to use better age verification technologies to keep children off their platforms, the U.K.'s Information Commissioner's Office said.
China-based usage of OpenClaw has already topped that of the U.S., while driving demand for Chinese lower-cost AI models.
Google said its GFiber unit is combing with Astound Broadband and forming a independent fiber provider.