Why Palantir Stock Is Skyrocketing Today
Palantir (NASDAQ: PLTR) stock is seeing massive gains in Wednesday's trading. The software specialist's share price was up 18.2% as of 3:20 p.m. ET, amid an 8.5% gain for the S 500 and a 9.9% rally for the Nasdaq Composite.
Palantir stock is surging today after President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China. Despite volatility in the broader market, Palantir's share price is now up 21.5% across 2025's trading.
In a note published to Trump Media's Truth Social platform today, President Trump announced that there would be a 90-day pause on reciprocal tariffs for all countries except China. During the three-month grace period, imported goods from these countries will instead be taxed at a 10% rate. Meanwhile, the Trump administration will be raising its tariff rate on Chinese goods from 104% to 125%.
Source Fool.com
