Why Palantir Technologies Inc. (PLTR) Skyrocketed On Tuesday?

We recently published a list of 10 Firms End Stronger on Tuesday. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other firms that end stronger on Tuesday.

A muted trading persisted on the stock market on Tuesday, with major indices ending in the red, recording minimal losses while digesting President Donald Trump’s tariff policies.

The Dow Jones declined by 0.38 percent, the S&P 500 dipped by 0.17 percent, while the tech-heavy Nasdaq dipped by 0.05 percent.

Ten companies bucked a broader market pessimism, booking modest gains during the session. In this article, we have identified the reasons behind their gains.

To come up with the list, we only considered the stocks with $2 billion market capitalization and $5 million trading volume.

A software engineer manipulating a vast network of code on virtual monitors.

Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies jumped by 6.24 percent on Tuesday to finish at $98.40 apiece as investors cheered news of the company’s bagged deal with the NATO Communications and Information Agency (NCIA) to adopt its Maven Smart System for artificial intelligence-enabled battlefield operations.

Under the contract, the NCIA would utilize the AI system Maven Smart System to support the transatlantic military organization’s Allied Command Operations strategic command.

In a statement, NCIA General Manager Ludwig Decamps said that the deal was focused on “providing customized state-of-the-art AI capabilities to the Alliance, and empowering our forces with the tools required on the modern battlefield to operate effectively and decisively.”

Overall, PLTR ranks 3rd on our list of firms that end stronger on Tuesday. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.