Why Palantir Stock Is Soaring Today

Shares of Palantir Technologies (NYSE: PLTR) are starting the week with a day of strong gains. The data analytics company's share price was up roughly 7% as of 1:15 p.m. ET on Monday. Meanwhile, the Nasdaq Composite index had gained roughly 2.4%.

Tech stocks have been under pressure early in 2022, and it looks like some investors are now aiming to take advantage of recent sell-offs. There doesn't appear to be any company-specific news behind Palantir's gains today, but the broader market is rallying, and many growth-dependent tech stocks are enjoying strong rebound momentum. 

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Source Fool.com