New York, Feb 7, 2026, 07:27 EST — The market has closed.
- Palantir shares wrapped up Friday at $135.90, marking a roughly 4.5% gain compared to Thursday’s finish.
- Cognizant’s TriZetto arm is set to roll out Palantir Foundry and AIP across its healthcare and business-process operations.
- Next week’s U.S. jobs and inflation data may shake up rate expectations—key drivers for high-growth software names.
Shares of Palantir Technologies Inc finished Friday’s session at $135.90, gaining roughly 4.5% from the previous day’s $130.01 close. The stock’s 52-week span—anywhere from $66.12 up to $207.52—shows just how fast sentiment shifts in the AI software space.
The mood is splintering. Investors are starting to pick favorites, backing companies behind AI infrastructure while turning away from others that could be left behind, Reuters said. Some software stocks have taken particularly hard hits. “This divergence is not a vote against AI,” wrote Charu Chanana at Saxo. reuters.com
The calendar is back in focus. On Wednesday, Feb. 11, at 8:30 a.m. ET, investors will get the U.S. Employment Situation report for January. Two days later, Friday, Feb. 13 at the same hour, the Consumer Price Index lands—a data point closely watched for its influence on household costs and, frequently, Federal Reserve outlook.
Cognizant plans to roll Palantir Foundry—along with Palantir’s Artificial Intelligence Platform (AIP)—into its TriZetto healthcare unit and BPaaS (business-process-as-a-service) offering, the company said Thursday. “This partnership … will enable us to deliver secure, scalable AI solutions,” said Surya Gummadi, president of Cognizant Americas. Palantir’s Eric Lakin weighed in: “Enterprise AI doesn’t fail because models are weak.” Terms of the deal weren’t shared. news.cognizant.com
Palantir picked up steam along with a wider risk-on move heading into the weekend. The Dow Jones Industrial Average surged, finishing above 50,000 for the first time Friday after a rapid U.S. stock rally, according to Reuters.
No relief in sight for software stocks. According to Reuters, the S&P 500 software and services index has lost roughly $1 trillion in value since Jan. 28—a plunge some have started calling “software-mageddon.” “Calling the bottom during a crash in sentiment like this is very, very challenging,” said Dave Harrison Smith, chief investment officer at Bailard. reuters.com
Company headlines have been pushing against the broader market trend. Palantir notched a sharp increase in quarterly sales earlier this week, fueled by higher U.S. defense spending. According to Reuters, revenue from its U.S. government business climbed 66% in the fourth quarter, hitting $570 million. The shares initially rallied on the news, but later slipped again as investors focused back on valuation concerns and broader sector jitters.
The Cognizant partnership isn’t a straightforward boost for earnings. Turning pilots into consistent revenue streams with big partners often drags on, and any hint of softer growth has drawn swift backlash from investors in software names.
Palantir’s Friday rebound is under scrutiny—traders want to see if those gains stick when markets open Monday. The company’s fate may also hinge on whether deal announcements are enough to keep its stock from getting lumped in with the rest of the AI pack.
