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Palantir leads software rally with 4% gain amid AI focus and new federal partnership.

Market News
21 Oct 2026
24/7 Wall Street
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Bullish
Palantir leads software rally with 4% gain amid AI focus and new federal partnership.

Palantir Technologies surged 4% to $199.41, leading a broader software stock rally driven by interest in AI platforms. ServiceNow also rose 3%, while Salesforce remained flat. Palantir's recent partnership with Knox Systems aims to bring its commercial software into highly secured federal cloud environments, potentially boosting its government sector presence. Investors await Palantir's Q3 2026 report to confirm sustained government growth, as the stock's high valuation leaves little room for error.

As of Oct 22, 2026 00:11 WIB, Palantir Technologies trades at USD 200.07, close to its 52-week high of USD 209.05, showing a strong 1-day gain of 3.88% on Pluang. ServiceNow, while also rising, remains further from its 52-week high at USD 153.34 compared to Palantir, with a 1-day increase of 2.54%. In contrast, Salesforce is nearly flat with a slight 0.28% decline, trading at USD 241.74 well below its 52-week high of USD 266.23. Typical hold times vary, with Palantir held for 79 days and Salesforce for 88 days on Pluang.

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