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Tech stocks rally as weak July jobs report boosts SpaceX, Palantir, and Cloudflare shares.

Market News
07 Aug 2026
Forbes
View Source
Bullish
Tech stocks rally as weak July jobs report boosts SpaceX, Palantir, and Cloudflare shares.

Major tech stocks surged following a weaker-than-expected jobs report for July, which showed a drop in payrolls. SpaceX shares jumped 11% from a recent low, despite being down 16% since their June debut. Palantir rose 8.4%, continuing a strong weekly gain of 35%, while Cloudflare's stock climbed 6% after surpassing revenue expectations. This rally reflects investor optimism in tech despite broader economic concerns.

More News (PLTR)

Palantir nears key AI monetization boost with new tech and partnerships enhancing enterprise AI use.

Palantir nears key AI monetization boost with new tech and partnerships enhancing enterprise AI use.

Palantir is approaching a significant turning point in monetizing its AI technology, driven by growing demand for complex AI workloads and enterprise needs for secure, scalable AI management. Strategic partnerships, especially with Nvidia, and new pr...

Market News
Bullish
12 hours ago
Palantir stock rallies sharply with mixed Wall Street price targets amid strong AI-driven growth.

Palantir stock rallies sharply with mixed Wall Street price targets amid strong AI-driven growth.

Palantir's stock surged from a 52-week low of $106.37 to over $200, driven by strong Q2 earnings and growing demand for sovereign AI. Analysts remain divided, with a 24/7 Wall St. price target of $186, suggesting limited upside after a recent 60% ral...

Analyst Insights
Bullish
20 hours ago
Palantir stock soared 1,676% since its 2020 IPO, with forecasts predicting further gains in 2027.

Palantir stock soared 1,676% since its 2020 IPO, with forecasts predicting further gains in 2027.

Palantir's stock has surged dramatically since its IPO in September 2020, rising from $10 to over $177 by September 2026, turning a $10,000 investment into more than $177,000. This performance outpaces other major 2020 IPOs like Airbnb, DoorDash, and...

Market News
Bullish
1 day ago
$5,000 in Palantir stock could grow to $6,181 in 5 years under base case, with strong revenue growth but high valuation risks.

$5,000 in Palantir stock could grow to $6,181 in 5 years under base case, with strong revenue growth but high valuation risks.

Palantir Technologies showed impressive revenue growth of over 90% year-over-year in Q2 2026, driven by strong demand in enterprise AI. A $5,000 investment in Palantir today could be worth about $6,181 in five years under the base case scenario, refl...

Analyst Insights
Bullish
3 days ago
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