Palantir Technologies’ stock price surged as investors anticipated US President-elect Donald Trump’s plans for cost-cutting measures in government agencies. This optimistic outlook is likely linked to Trump’s pledge to reduce bureaucratic inefficiencies and lower spending, creating a more favorable business environment for companies like Palantir.
Source: https://www.ft.com/content/b9f00d80-bd60-4660-a544-3b7f79795d5f