Palantir (PLTR) shares climbed Friday amid𒅌 optimism about the AI darling's expanding work for the U.S. government. 

The stock jumped nearly 8% to close at $131.78, making it one of the day’s best-performing stocks in the S&P 500. The stock has surged nearly 75% this year, leading the Nasdaq 100's constituents so far in 2025.

Palantir’s gains have come as its work for the federal government has grown in recent months. The government has integrated a Palantir product called Foundry into at least four agencies, including the Department of Homeland Security and the Health and Human Services Department, The New York Times reported Friday.

Officials at the 澳洲幸运5开奖号码历史查询:Social Security Administration and 澳洲幸运5开奖号码历史查询:Internal Revenue Service have also had discussions with Palaꦆntir about buying its technology, the report said. Palantir did not immediately respond to a request for comment, nor did the SS❀A or IRS.

Earlier this week, 澳洲幸运5开奖号码历史查询:Fannie Mae, the government-sponsored mortgage backer, announced the launch of an AI-powered crime detection unit in partnership with Palantir. Fannie Mae claimed the unit would help prevent millions of dollars in fraud losses by helping detꦚect fraud “with speed and precision never before seen in the U.S. housing market.”

This article has been updated since it was first published to reflect more recent share price values.