• Palantir Technologies' shares surged nearly 5% following NATO's acquisition of its AI-enabled military system, extending a recovery trend that began last week. This deal alleviates investor concerns regarding potential reduced reliance on American defense contractors in Europe amid trade uncertainties. The stock has gained 22% year-to-date, although it remains down approximately 25% from its record high in February, reflecting ongoing volatility in military spending and government efficiency initiatives.
• The formation of a bullish engulfing pattern in Palantir's stock chart signals a positive shift in investor sentiment. Analysts are now monitoring key price levels, with potential upside targets around $121 and $300, while important support levels are identified at $66 and $45. The recent NATO deal not only enhances Palantir's market position but also underscores the growing importance of AI in defense, potentially positioning the company favorably against competitors in the military technology sector.