Palantir Stock Is Soaring Today. Here's Why.

Shares of Palantir Technologies (NASDAQ: PLTR) are surging on Thursday. The artificial intelligence (AI)-powered data analytics company's stock gained 8.1% as of 1 p.m. ET and was up as much as 9% earlier in the day. The jump comes as the S 500 (SNPINDEX: ^GSPC) gained 1.5% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 2%.

The government-focused software provider is rallying after President Trump announced a trade agreement with the United Kingdom.

Palantir shares climbed as President Donald Trump unveiled the broad outline of a trade agreement with the United Kingdom. This is the first major deal his administration has been able to put together after Trump imposed sweeping tariffs in April.

Source Fool.com