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Why Palantir Stock Just Popped 16%

Shares of Palantir Technologies (NYSE: PLTR), which had drifted lower for most of this week, caught a big updraft on Friday and are flying 16.4% higher as of 1:45 p.m. EST. At this event, Palantir plans to demonstrate to the public for the first time ever “the latest developments to its software platforms, Foundry and Gotham,” giving ordinary investors a chance to see “how Palantir’s commercial and government customers — including manufacturers, defense agencies, and others — use its software.” One can imagine how an event like this might increase interest in Palantir’s products, and in Palantir stock.