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Why Is Palantir Stock (PLTR) Jumping Today?

TheMotleyFool

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Why Is Palantir Stock (PLTR) Jumping Today?: https://g.foolcdn.com/editorial/images/834203/uk-us-trump.jpg

Shares of Palantir Technologies (NASDAQ: PLTR) are jumping Thursday, up 4.1% as of 12:44 p.m. ET. The move comes as the S 500 gained 0.6% and the Nasdaq Composite gained 1.1%.

The United Kingdom government announced today it intends to partner with the AI-powered intelligence company to enhance its national security capabilities.

After a potential deal was reported yesterday, this morning the U.K. officially announced an agreement that will see Palantir invest up to $1.5 billion in the country and "create up to 350 new high-skilled jobs, cementing the U.K. as a state-of-the-art defence technology hub."

Source Fool.com