Stock Market LIVE: Palantir Powers Nasdaq and S&P 500 Rally Amid AI Optimism

The U.S. markets are seeing a mixed session. Nasdaq and the S&P 500 are fetching decent gains lured by a sharp rise in Palantir Technologies (PLTR) while the Down Jones Industrial Average feels a bit weak as healthcare stocks see declines.

Palantir Technologies (PLTR): The stock is up by $9.61 (8.11%) at $128.10 on the back of a strong earnings performance and upward revision of revenue guidance. The company now expects revenue between $3.89 billion and $3.90 billion in fiscal 2025, up from an earlier estimate of $3.74 billion to $3.76 billion.
Reuters

• NVIDIA (NVDA): The stock prices are up by $6.89 (5.60%) to $129.93 on the back of strong AI and data center market demand. GOOG Finance: NVDA
• Tesla (TSLA): The shares rose by $15.54 (4.88%) to $334.07, following a recovery from prior recent declines. GOOG Finance: TSLA
• Coinbase (COIN): The stock has skyrocketed by $49.68 (23.97%) to $256.90 amid a cryptocurrency rally. GOOG Finance: COIN
• Amazon (AMZN): Shares are up $2.57 (1.23%) at $211.37, continuing on an uptrend. GOOG Finance: AMZN

📊 Index Performance

• Nasdaq Composite: Up 1.61% on the back of gains seen in tech stocks.
• S&P 500: Up 0.72%, backing broader market strength.
• Dow Jones Industrial Average: Down 0.64%, with a selective-component-level decline.

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