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Palantir stock surges on AI hype

Yahoo Finance

Yahoo Finance Live's Yahoo Finance Live's Rachelle Akuffo takes a look at Palantir Technologies shares jumping amid AI hype

Video transcript

RACHELLE AKUFFO: All right. Taking a look at Palantir shares surging today, as AI hype dominates the markets. You see they're up almost 10% on the day.

Now the company has been climbing since reporting unprecedented demand for its AI platforms in Q1. The stock also getting a boost from Ark Invest's Cathie Wood buying about $4 million in shares on May 22. You can see shares of other AI stocks jumping as well. NVIDIA up over 5% today, and C3 AI up over 16%.

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