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StocksUpdated×2•Originally published 13 April 2026•Updated 13 April 2026•

1 min read

Nasdaq 100 Eyes 8-Day Winning Streak as Palantir Gains on Trump Support

Key Facts

1The Nasdaq 100 is targeting its 8th consecutive day of gains during Friday's trading.

2Palantir shares received a significant boost described as a 'lifeline' from Trump.

Palantir Technologies (PLTR) extended its upward momentum on Monday, closing at $132.37 with a 3.37% gain on a trading volume of 65 million shares. Investor confidence has been further bolstered by consistent stock acquisitions from ARK Invest, reinforcing the firm's growth narrative. The company currently maintains a massive market capitalization of $306B, supported by an impressive gross margin of 82.37%. While political tailwinds linked to Donald Trump continue to provide a 'lifeline' for the stock, market focus is now shifting toward upcoming Q1 earnings results. Investors remain vigilant regarding potential valuation risks as the Nasdaq 100 continues its winning streak. Overall, the combination of institutional backing and AI defense adoption remains a primary driver for the company's market performance.

about 2 months ago

Version History

1 additional source confirmed this story

Version 2about 2 months ago

What changed: Updated the story to include Monday's closing price, ARK Invest's buying activity, current market cap data, and the upcoming focus on Q1 earnings.

Version 1about 2 months ago

What changed: Added technical context clarifying that Palantir's current rally is an attempt to recover from a recent price slump prior to the political endorsement.