Palantir Technologies Stock Is Up 12% This Week: What's Going On?

Palantir Technologies Inc (NYSE:PLTR) shares are up 12% to $104.70 since Monday’s open, reversing a recent downtrend as markets responded positively to easing trade tensions and a major defense announcement.

President Donald Trump's surprise retreat from escalating his tariff war with China, coupled with reassurances about Federal Reserve leadership, has lifted broader investor sentiment after days of volatility.

The rebound followed warnings from top U.S. retailers about looming supply chain disruptions that could empty store shelves by summer.

What Else: Adding to Palantir's momentum was confirmation of its expanded defense partnership with Northrop Grumman Corp on the U.S. Army's Tactical Intelligence Targeting Access Node (TITAN) program.

The mobile battlefield intelligence system combines Palantir's AI capabilities with hardware from multiple defense firms, marking a strategic evolution from software-only offerings.

The company delivered its first TITAN units earlier this year, and a teaser video released this week on X hinted at deeper collaboration with military contractors, including Anduril and L3Harris.

Investors may also be optimistic ahead of Palantir's upcoming earnings on May 5.

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How To Buy PLTR Stock

By now you're likely curious about how to participate in the market for Palantir Technologies – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Palantir Technologies, which is trading at $104.28 as of publishing time, $100 would buy you 0.96 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, PLTR has a 52-week high of $125.41 and a 52-week low of $20.50.