Palantir Sees Stock Uptick Amid U.S. Tariff Changes

Published 2 days agoPLTR

Palantir Sees Stock Uptick Amid U.S. Tariff Changes

Palantir Technologies Inc. has seen a notable increase in its stock price, reaching $131.78 USD, following changes in U.S. trade policies. The stock closed with a gain of 9.525 (0.07787%) after opening at $123.50 USD. Intraday trading saw the stock range between a high of $131.88 USD and a low of $121.57 USD with a substantial trading volume of 185,897,579 shares.

This stock movement coincided with President Donald Trump’s announcement of plans to double tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025. Reuters reported this measure aims to strengthen the U.S. steel industry, though it has prompted concerns about its broader economic impact. As a result, related market movements included a 26% surge in Cleveland-Cliffs Inc.'s shares, reflecting investor interest in domestic steel producers amid the tariff changes.

Given Palantir's involvement in providing data analytics and software to government clients, its operations could be sensitive to shifts in government policy and spending driven by such tariffs. As these developments unfold, market volatility remains a factor for technology stocks like Palantir, emphasizing the importance of closely watching trade policy impacts.

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