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Palantir Rises 5%, Cloudflare Pops 3% as Investors Pile Into AI Security Plays

Investors rotated into AI and security software as a U.S.-Iran peace deal lifted risk appetite, with QQQ up 3% and SPY up 1.9% intraday.

  • On Monday, Palantir Technologies stock surged 5% to near $134 as a U.S.-Iran peace deal sparked a broad risk-on rally lifting high-beta growth names.
  • Palantir shares remain down 24% year to date and trade near a 52-week low of $122.68, reflecting cooling retail investor enthusiasm despite strong fundamentals.
  • In the most recent quarter, the company boasted a Rule of 40 score of 145% and 85% year-over-year revenue growth; CEO Alex Karp says the business has effectively "shattered the metric."
  • Supported by a pivot to an agentic AI-first operating model, Cloudflare stock jumped 3% to around $235, with CEO Matthew Prince declaring the move represents a major market opportunity.
  • Author David Moadel rates Palantir a Buy with a $183 price target, representing 41% upside potential from current levels, maintaining a bullish thesis despite near-term headwinds.
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The Motley Fool broke the news in Alexandria, United States on Monday, June 15, 2026.
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