Why Palantir Stock Is Jumping Today
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Palantir Technologies (PLTR) stock surged 6.3% on Friday, benefiting from a bullish sentiment following the latest U.S. jobs report, which showed 139,000 job additions in May, surpassing expectations. This positive data supports the possibility of an interest rate cut by the Federal Reserve, further exciting growth investors. Despite its strong position in AI software, Palantir's high valuation poses risks, with shares trading at 77 times expected sales and 219 times expected earnings, indicating potential volatility for investors.
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