Palantir Technologies secures authorization for its product suite
Palantir Technologies stock is climbing after the company announced that it has secured authorization for its entire product suite to be used in processing sensitive federal workloads. The stock rose 7.3% to $71.14, putting Palantir on track for a new 52-week closing high. The authorization allows the U.S. government to process sensitive unclassified workloads using Palantir's cloud technology. Additionally, Palantir is potentially being added to the Nasdaq 100 index, which will be announced on December 13.