What's Going On With Palantir Technologies Stock?

Palantir Technologies Inc PLTR shares are trading higher by 4.21% to $17.32 during Monday's session amid conflict in the Middle East. The Palestinian militant organization Hamas, which controls the Gaza Strip, launched a series of rocket attacks on Israel over the weekend.

These attacks continued into Sunday and resulted in significant casualties, with over 1,100 people reported dead, including 700 Israelis, over 2,000 injured and hundreds of civilians and military personnel held hostage in Gaza.

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Palantir provides software for security and surveillance purposes. In a conflict situation, there might be a heightened focus on monitoring and analyzing data related to security threats, which could lead to increased demand for Palantir's products.

Palantir also has contracts with various government agencies and defense organizations around the world. In times of conflict, these entities may have an increased need for Palantir's software for intelligence analysis, data integration and decision support.

An uptick in government contracts and demand for Palantir's services could lead to increased revenue and potentially boost investor confidence.

See Also: What Israel's War With Hamas Means For Gold And Other Safe Haven Assets

According to data from Benzinga Pro, Palantir Technologies has a 52-week high of $20.24 and a 52-week low of $5.92.