NEW YORK, Feb 6, 2026, 16:59 EST — Trading in the after-hours session.
- Palantir shares climbed roughly 4.5% in after-hours trading, lifted by a rebound in tech stocks.
- Cognizant plans to deploy Palantir’s Foundry and AIP across its TriZetto healthcare unit.
- Next week’s U.S. jobs and inflation numbers loom as the next hurdle for high-valuation AI stocks, and investors are keeping a close eye.
Palantir Technologies Inc. climbed roughly 4.5% to $135.90 during Friday’s after-hours session, building on gains seen late in the week for U.S. tech stocks. Investors seemed to be parsing new signs of enterprise demand for artificial intelligence software.
Palantir’s new role as a high-beta stand-in for the “AI adoption” trade is key here. Investors are betting companies shift from pilot projects to actual budgets, but that theme’s been volatile lately, swinging alongside interest rates and big tech’s shifting investment priorities.
The announcement follows news just a day earlier: IT-services player Cognizant unveiled a strategic tie-up with Palantir to bring Palantir Foundry and its Artificial Intelligence Platform (AIP) into Cognizant’s TriZetto healthcare unit. “This partnership reflects our commitment to using frontier technologies to deliver value for our clients,” said Surya Gummadi, Cognizant’s president for the Americas. 1
Eric Lakin, who heads Palantir’s U.S. commercial division, cut straight to the operational angle. “Enterprise AI doesn’t fail because models are weak,” Lakin said, highlighting the company’s “Ontology”—Palantir’s structured mapping for enterprise data and workflows. 2
Palantir shares pushed higher, moving in step with a bounce across Wall Street’s chip and software sectors following days of heavy selling. “We’re getting to a point where there’s real demand for AI products,” said Ross Mayfield, investment strategy analyst at Baird, adding that the recent pullback is beginning to set a floor for some AI-driven stocks. 3
The rebound came just after a steep drop the previous day, sparked by investors dumping high-growth tech and software stocks as hefty AI spending plans rattled nerves and raised fresh questions about the future of old-line software. Palantir was caught in the downdraft, alongside big software players like ServiceNow and Salesforce, according to Reuters. 4
Palantir shares have been moving since the latest quarterly numbers hit earlier this week. For the fourth quarter, the company posted $1.407 billion in revenue and projected 2026 revenue in a range of $7.182 billion to $7.198 billion. U.S. commercial revenue is expected to clear $3.144 billion. CEO Alex Karp pointed to a “Rule of 40” score of 127%—a metric that stacks together growth and margins. 5
Skepticism is sticking around. “Valuation question marks won’t disappear,” said eToro analyst Zavier Wong after the results. He argued Palantir’s got to keep executing if it wants to live up to expectations. 6
The risk here isn’t just in the valuation. Palantir is back in the political crosshairs over its government deals. New York City Comptroller Mark Levine has pushed for a third-party human rights risk review of Palantir’s contracts with the Department of Homeland Security and ICE, raising alarms over the absence of outside oversight—he called it “deeply concerning.” 7
Insider trading filings are drawing attention, too. Director Alexander D. Moore offloaded 20,000 shares on Feb. 2, according to a filing, using a Rule 10b5-1 plan — that’s a preset arrangement letting insiders sell stock on a predetermined timetable. 8
After wrapping up Friday, Palantir now faces a week shaped by macro numbers that often jolt rate-sensitive growth shares. The January U.S. jobs report lands Feb. 11, per the Labor Department’s published schedule. 9
Coming up, the U.S. CPI print for January lands Feb. 13 at 8:30 a.m. ET—a moment traders point to as the next major test for appetite in AI-related software stocks, or the cue for another pullback. 10
