PLTE.TO is trading at CA$19.18 (+6.86%) after Palantir rose on strong second-quarter results and expanding commercial demand for AI tools.
- Palantir reported 93% revenue growth.
- July’s unexpectedly weak U.S. payrolls increased expectations for Federal Reserve rate cuts, pushing Treasury yields lower and supporting growth stocks.
- Palantir represents more than 100% of reported net exposure, amplifying movements in PLTR; the July distribution was scheduled separately and is unlikely to explain the intraday gain.