The stock market closed higher on Monday as investors shook off the renewed trade tensions between the US and China.
China hit back at President Donald Trump’s claim that it violated their temporary trade agreement and blamed that the US failed to uphold the deal.
Overall, S&P 500 rose 0.4% to 5,936, while NASDAQ increased 0.7% to 19,243.
Tweet of the Day
Great take on Palantir $PLTR. I think profits could continue to grow rapidly for years to come. We as investors aren’t grasping the possibilities. https://t.co/TMy84MvFzN
— David Sharek (@GrowthStockGuy) June 2, 2025
Chart of the Day
Here is the one-year chart of Palantir (PLTR) as of May 19, 2025, when the stock was at $126.
In last quarter’s earnings call, Palantir’s results reflect strong momentum across its US Commercial and Government businesses. During the quarter, the company managed to deliver 63% profit growth on 39% revenue growth.
Management highlighted Palantir achieved another $1 billion milestone last quarter by surpassing $1 billion annual run rate in US commercial business for the first time, as that segment’s revenue grew 71% year over year. This growth is fueled by accelerating demand for Palantir’s Artificial Intelligence Platform (AIP), which enables customers to deploy AI agents that drive real-world impact from day one. Companies like Walgreens and AIG are publicly crediting Palantir’s software with transforming their operations, automating billions of decisions and drastically improving efficiency.
Meanwhile, Palantir’s US government business posted 45% year over year growth, underlining the dual-engine strength across public and private sectors.
Management concluded that they are confident than ever in Palantir’s ability to deliver tangible impact for its customers to transform organizations with real workflows in production and to help institutions adapt to survive.
PLTR is currently in our Growth Portfolio.
