Palantir Stock News: PLTR resists market pressure, gaining early Friday

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Palantir (PLTR), the artificial intelligence (AI) platform business that is the brainchild of billionaire Peter Thiel, is gaining on the margin early

Palantir stock has risen slightly despite the market sell-off on Friday.

caved 3% in the premarket following the robust jobs report. September NFP showed job gains of 336K, well above the 170K expected. The NHS may hire Palantir on a nearly $579 million, five-year contract. Friday despite the market selling off severely. The NASDAQ Composite has slumped more than 1% due to a strong US labor market. Yes, you read that correctly. US Nonfarm Payrolls data for September was released an hour before the opening bell.

this week. Palantir is reportedly the top pick to manage a historic overhaul of the United Kingdom’s National Health Service . This contract is quite lucrative. The five-year deal could bring in as much as $579 million in revenue to the data analysis firm. The contract would require Palantir to analyze heaps of medical data and discover cost-saving, even life-saving, patterns.

stock price up to the $17 resistance level from June and July. Adobe there is the summer’s range high at $20.24 from August 1. daily stock chart

 

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