Palantir (PLTR), Google Stocks Aim Higher Despite US-China Trade Tensions
Even though most large tech companies ended the day lower, today’s stock markets recovered, and Google and Palantir stocks saw respectable gains.
Markets Try to Regain Footing After Opening Lower Yesterday
U.S. equity markets staged a recovery at the start of the week following last week’s heavy losses triggered by intensifying trade tensions. Optimism returned after President Donald Trump floated the possibility of a three-month suspension of tariffs, provided countries agree to enter trade negotiations—an option that many nations appear open to exploring.
This shift in sentiment helped the Nasdaq Composite recover from earlier losses and turn positive by the end of the session, giving a boost to several major tech names, including Alphabet (GOOGL) and Palantir Technologies (PLTR).
Google Stock Continue Climbing After the US Session Ended
Alphabet (GOOGL) came under pressure late last week, dropping 5% over the final two trading sessions and ending Friday at $145.34. Mounting concerns over intensifying global trade tensions contributed to a cautious tone, leading to a gap lower at Monday’s open, with the stock starting the session at $141.50.
That initial weakness, however, didn’t last. Optimism surrounding a potential pause in new tariffs helped lift market sentiment, fueling a recovery in GOOGL. The stock climbed 1% by the close of regular trading and added further gains in after-hours action, finishing at $147.77.
While trade developments have been dominating headlines, Google is also navigating increasing competitive pressure in the AI space, particularly from emerging chatbot technologies that challenge its longstanding search dominance. Investors are now turning their focus to Google’s upcoming annual cloud conference from April 9 to 11, where artificial intelligence is expected to feature prominently. Any signals that the company is effectively positioning itself in the evolving AI landscape could play a key role in shaping market expectations moving forward.
Palantir Share Price Bounces Off the 100 Daily SMA
Palantir (PLTR) saw a steep drop at Monday’s open, falling 8% to $66.40 amid renewed concerns over potential Pentagon budget cuts that could impact its core government-focused operations. The decline followed a Friday close at $73.73, marking a swift negative reaction in early trading.
However, the initial weakness was short-lived. As broader market sentiment began to recover, Palantir attracted renewed buying interest. The stock rallied more than 5% during the regular session and extended those gains after hours, with total upside nearing 7%.
Notably, Palantir had already been showing signs of strength relative to its tech peers. While many tech stocks began pulling back earlier last week, Palantir held firm until Friday, suggesting a degree of underlying support. This resilience may reflect investor confidence in its expanding footprint beyond government contracts, especially in commercial data applications.
Adding to the positive momentum, there’s speculation that the U.S. Army is nearing an announcement regarding a new contract for its Next-Generation Command and Control (NGC2) initiative. Additionally, the Army recently affirmed its commitment to continuing use of Palantir’s existing Army Vantage platform, further supporting the stock’s rally.
Outlook: Cautious Optimism Builds Around Tech and Tariff Trends
Although short-term volatility remains a concern, the market’s response to possible progress in tariff discussions shows that investors are hungry for stability and direction. The rebound in key tech names such as Google and Palantir signals confidence in their ability to adapt—whether through strategic shifts, AI innovation, or expanded services. If macroeconomic tensions continue to ease, there’s room for further upside across sectors.
Looking ahead, this week’s focus will shift to Google’s upcoming AI and cloud announcements, which could provide further clues about its positioning in the evolving tech landscape. At the same time, any meaningful updates from ongoing trade talks may prove pivotal in guiding investor sentiment and shaping the next leg of the market trend.
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