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Block Chain Technology Experience Trump’s Palantir Technologies stock goes to record high

Trump’s Palantir Technologies stock goes to record high

Palantirs stock is soaring after President Donald Trump announced his administration would give the company an infusion of $250 million, according to a report on Friday.

The Wall Street Journal said the move is the largest gift to an American company in Trump’s first year in office.

The stock hit a record high of $24.25 a share on Friday, a record for the S&P 500.

Palantires stock soared nearly 1,000% on Wednesday after the Trump administration approved a $5 billion grant to expand Palantiris’ data analytics business.

Palatir, a software company founded by billionaire Elon Musk, has been a darling of the tech industry, with many of its technologies, including facial recognition technology, used in some of the biggest games, such as Call of Duty: Advanced Warfare and Star Wars: Battlefront.

Palatiys stock has been gaining on investors in recent months, driven in part by Musk’s continued bullish stance on the stock.

The tech giant’s stock is up about 16% this year, according a proxy tracker.

In January, Palantides shares soared nearly 3,000%.

The company has been accused of violating antitrust laws by allegedly conspiring to buy rival Facebook.

Palanteys shares have fallen nearly 70% in 2017.

Palanti’s shares are down more than 15% this week, and the company’s stock has fallen nearly 10% in the past year.

Palanto shares have been hammered by allegations of a sexual harassment scandal involving CEO Michael Krawczynski.

The company recently said it was closing a $2.5 million investigation into allegations of sexual harassment.

In addition to Palantire, Palanti has a presence in cybersecurity and data analytics, according the WSJ report.

Palantis CEO and co-founder Anthony Palanti, left, and CEO Michael Palanti at the company in May 2017. 

Palantir has received a $25 million grant from the Department of Defense.

The Department of the Army is funding research on algorithms to help troops better manage the battlefield.


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