What Happened?
Shares of data-mining and analytics company Palantir (NYSE: PLTR) jumped 6.8% in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.
Notably, a stable labor market often supports consumer spending, which is a key driver of economic growth, which means the report could help ease some of the recession fears that gripped markets. The data also supports the soft landing narrative, where the Fed can manage inflation toward its 2% target without significant damage to the economy.
The shares closed the day at $127.68, up 6.5% from previous close.
Is now the time to buy Palantir? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Palantir’s shares are extremely volatile and have had 48 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 7 days ago when the stock gained 5.7% after the New York Times reported on the company's expanded contracts with the US government, providing more insights into the depth and breadth of Palantir's government work, which included streamlining data sharing across government agencies under the Trump administration.
This further confirmed the usefulness of Palantir's Foundry platform and raised optimism about the company's government business as well as the near-term growth potential.
Palantir is up 69.9% since the beginning of the year, and at $127.72 per share, it is trading close to its 52-week high of $133.17 from June 2025. Investors who bought $1,000 worth of Palantir’s shares at the IPO in September 2020 would now be looking at an investment worth $13,444.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
