"Stock market bulls are digging in their heels to start this week, and technology stocks are back in the driver's seat. Among them, Palantir ( Nasdaq: PLTR), Micron Technology ( Nasdaq: MU) and Advanced Micro Devices AMD ( Nasdaq: AMD) are out front, soaring between 5%-8% each. With the rally, Palantir has shot back above the $190 level, giving investors something to cheer on the heels of this year's seemingly short-lived but dramatic AI downturn in which fears of a bubble resurfaced."
"Among the catalysts driving these stocks higher is relief out of Washington, D.C. now that Congress has finally agreed to end the historic shutdown. But the two key catalysts that are behind the rally are earnings tailwinds and recouping lost ground. We would be remiss not to mention the technology bout that gripped the markets last week, one in which AI leaders suffered their worst slump since early Q2 2025."
"Now that the dust has begun to settle on both fronts, Palantir stock is rallying approximately 8% today to above the psychologically sensitive $190 per share level. During last week's AI stock sell-off, Palantir stock took the brunt of the selling, dipping as low as $168 per share from the $200 level where it previously hovered. Now it is on the comeback trail, validating investors who bought the dip."
Technology stocks led gains to start the week, with Palantir, Micron and AMD each jumping roughly 5%–8% while investors sought to recover recent losses. Relief from a resolved government shutdown combined with strong corporate earnings created the primary catalysts for the rally. A recent AI-led sell-off erased roughly $800 billion in market value and pressured AI leaders, but improving earnings momentum and year-end positioning are driving attempts to recoup lost ground. Palantir climbed back above $190 after dipping into the $160s and posted a strong Q3 that beat estimates and raised guidance.
Read at 24/7 Wall St.
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