Investors Rushed Into These 10 Stocks Today

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies rose by 7.73 percent on Friday to close at $131.78 apiece following news that it secured additional contracts from the Trump administration, sparking investor optimism about the huge role it plays for the government.

Last week, Palantir Technologies Inc. (NASDAQ:PLTR) clinched a new $795-million deal with the Department of Defense to support the US Army through its Maven Smart System software licenses through 2029. According to The New York Times, this was on top of another $113 million contract with other government agencies.

According to the report, citing six government officials, representatives of Palantir Technologies Inc. (NASDAQ:PLTR) are in talks with the Social Security Administration and the Internal Revenue Service for the potential sale of its technology.

The series of contracts came amid the Trump administration’s cuts in government spending, with the establishment of the Department of Government Efficiency, and recently, the pushing into law of the “One Big, Beautiful Bill Act,” which aims to save trillions of dollars in government spending, among others.