Palantir is soaring while its tech peers are sinking. Here's why

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNT Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025. David Paul Morris | Bloomberg | Getty Images Tech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets. Palantir is the exception. Against a volatile market backdrop, the software maker's stock has gained 45% and is the best performer among companies valued at $5 billion or more, according to FactSet. The closest tech names are VeriSign , up 33%, Okta , up 30%, Robinhood , up 29%, and Uber , up 29%. President Donald Trump's frenzy of government department overhauls is partially to thank for the pop. "When you think about macroeconomic concerns, you as a company need to be more efficient, and this is where Palantir thrives," said Bank of America analyst Mariana Pérez Mora. Palantir has set itself apart in the software ... Read full article.