New York, Feb 7, 2026, 14:34 ET — The market has closed.
Palantir Technologies Inc (PLTR) finished Friday at $135.90, notching a 4.5% gain. The AI-focused software stock capped off a choppy week before markets open again on Monday. 1
Palantir shares rebounded after the company’s latest earnings landed earlier this week, resetting the outlook for the stock. The data analytics firm posted a 70% surge in fourth-quarter revenue, hitting $1.407 billion, and set guidance for 61% revenue growth in 2026, according to its earnings release. U.S. commercial revenue soared 137%, while revenue from U.S. government clients climbed 66%. 2
Jitters over high-flying AI and software names didn’t let up. Palantir slid 6.8% on Thursday after renewed chatter about Big Tech’s aggressive “capex” — that’s capital spending on data centers and equipment — rattled investors, with some starting to worry that new AI products might undercut demand for old-school software. Microsoft skidded 5%, Oracle tumbled 7% in the same stretch, according to Reuters. “We’re seeing this volatility about whether this investment will translate, ultimately, into results,” said Tom Hainlin, investment strategist at U.S. Bank Wealth Management. 3
Markets shrugged off early-week jitters Friday, with the Dow surging 2.47% and closing above 50,000 for the first time ever. Investors moved out of tech and AI names, branching into other sectors, according to Reuters. 4
Palantir stayed in focus thanks to a flurry of headlines. On Thursday, Cognizant announced a tie-up with Palantir, aiming to bring together Palantir Foundry and its Artificial Intelligence Platform (AIP) with Cognizant’s TriZetto healthcare suite and its business process services. “Enterprise AI fails when AI lacks a shared, governed understanding of how the business operates,” said Eric Lakin, who leads Palantir’s U.S. commercial business. That’s a direct pitch for Palantir’s “ontology,” its system for connecting data to actual business processes. 5
Palantir’s ties to government contracts are in focus, as Washington is locked in debate over the future of defense suppliers. A White House directive targeting dividends, share buybacks, and CEO compensation at defense contractors may prompt investors to favor companies less dependent on those shareholder returns—Palantir among them, according to Reuters. “You’re making the guys who don’t pay dividends or buy back stock relatively better,” said Richard Aboulafia, a defense consultant. 6
Traders are also picking over insider moves. According to a Form 4 filed Feb. 4, Palantir director Alexander D. Moore unloaded 20,000 shares on Feb. 2 using a pre-set Rule 10b5-1 plan. That takes his stake down to 1,172,978 shares, per the filing. 7
There’s a real chance the stock gets yanked around by headlines far removed from Palantir’s operational reality. Over in Britain, lawmakers and activists have pressed for a halt to public contracts with Palantir, pointing to transparency issues in government deals — precisely the sort of chatter that can rattle investors, especially when valuations are already in the spotlight. 8
Next week is packed with catalysts that could shake up the tape—and with it, high-beta software stocks such as Palantir. The U.S. January jobs report lands Wednesday, Feb. 11 at 8:30 a.m. ET, then Friday brings the January CPI print at the same hour, per the Labor Department’s calendar. Cisco Systems will deliver its update on Feb. 11; Arista Networks follows on Feb. 12, both watched closely by investors gauging enterprise tech demand and the AI angle. 9
