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Palantir stock jumps nearly 30% after Senator Boozman's first reported purchase.

Market News
08 Aug 2026
Finbold
View Source
Bullish
Palantir stock jumps nearly 30% after Senator Boozman's first reported purchase.

Senator John Boozman bought Palantir shares in May 2026, and since then the stock surged about 28.4%, far outperforming the S&P 500. Palantir, a major U.S. government software contractor, reported strong Q2 earnings with revenue up 93% year-over-year and raised its 2026 revenue guidance. Boozman serves on committees overseeing defense spending, raising debate over potential conflicts of interest despite no evidence of wrongdoing. The trade highlights ongoing scrutiny of congressional stock investments in sectors they regulate.

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