Palantir Technologies (PLTR.US) stock surged more than 13% today after investor Cathie Wood from ARK Investment acquired 5.3 million shares on Thursday as the stock fell after a lockup expiration. Wood, which investment decisions turned out to be very fruitful last year, said that she upped her bets on the data company. The shares were bought through the ARK Innovation ETF and the holding accounts for 0.5% of its total weight. According to StreetInsider, earlier this week, Wood's other fund - ARK Next Generation Internet ETF - bought 1.6 million shares of Palantir, and now owns 4 million shares.
Palantir announced this week revenue would increase 45% in the first quarter of 2021. In the previous quarter, revenue surged by 40%, to $322 million, well above analysts’ expectations of $300.7 million.

Nestlé: Steady Growth and Ambitious Restructuring Drive Share Price Surge
TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?
US Open: American Indices Rally on Anticipated End of Fed Balance Sheet Reduction
Bank of America, Wells Fargo, and Morgan Stanley: Q3 2025 Earnings Overview