Palantir Stock Is Flying Higher Today -- Should You Buy This Red-Hot AI Stock Before May 5?

Shares of Palantir (NASDAQ: PLTR) are rising on Friday. The company's stock gained 5.8% as of 12:14 p.m. ET but gained as much as 6.9% earlier in the day. The leg up came as the S&P 500 gained 1.3% and the Nasdaq Composite lost 1.6% on the day.Shares of the artificial intelligence or AI-powered analytics company received a boost today after the latest jobs numbers were released. The report painted a better-than-expected picture, easing fears of a recession.The Bureau of Labor Statistics reported stronger-than-expected job growth for April. Nonfarm payrolls increased by 177,000 jobs, far surpassing economists' expectations of 133,000, while the unemployment rate held steady at 4.2%. Another metric that includes people who consider themselves underemployed and those working part-time jobs, dropped -- another positive sign.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool