New York, April 9 — Shares of Palantir Technologies Inc. (NASDAQ: PLTR) surged a jaw-dropping 18.84% today, closing at $91.88, up $14.56 from the previous close of $77.32. The dramatic uptick marks one of the stock’s strongest intraday performances in recent months, sparking chatter across Wall Street and tech forums alike.

Opening at $78.19, the stock dipped briefly to an intraday low of $77.27, before staging an aggressive rally that saw it peak at $93.00. With a market cap of $21.58 billion and a P/E ratio north of 487, Palantir’s valuation is raising eyebrows — but so is its accelerating growth narrative, especially in the AI and defense-tech space.

Key Market Stats — April 9:

• Open: $78.19
• Day High: $93.00
• Day Low: $77.27
• Close: $91.88
• Volume Spike: Notable in post-lunch trading
• 52-Week Range: $20.33 – $125.41

The late-afternoon surge suggests a possible reaction to fresh institutional interest, AI sector momentum, or undisclosed developments. Though there’s no formal news released as of market close, investor optimism could be tied to renewed confidence in Palantir’s government contracts and commercial expansion, particularly within AI analytics and predictive modeling.

Market watchers are now eyeing whether Palantir will retest its 52-week high of $125.41, a level not seen since its explosive debut era. Could this be the beginning of a new bull cycle for one of the most polarizing names in tech?