By George Glover
Palantir Technologies stock was rising again on Thursday, putting it on course to pare back more of its losses after a brutal losing streak.
Shares in the data analytics platform provider climbed 2.4% to $91.46 in premarket trading. Futures tracking the benchmark S&P 500 index were up 0.5%.
Before Wednesday, the stock had dropped for five sessions in a row, wiping out most of its gains for the year, in a selloff driven by President Donald Trump's tariff threats and jitters about how long the artificial-intelligence investing boom can last.
It wasn't clear what was driving shares higher on Thursday, but one factor could be solid Nvidia earnings. The chip maker's better-than-expected results, posted after Wednesday's close, could help shore up confidence in the AI trade.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 27, 2025 05:32 ET (10:32 GMT)
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