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Palantir shares rose 4% to $181.25 on Friday, driven by U.S. federal AI spending demand, BigBear.ai rose 4% to $3.20, and ServiceNow shares were flat.
svmuu.com21/08/2026 13:28
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The U.S. Department of Defense's FY2027 budget request includes $58.5 billion for AI investments, with $46 billion allocated to a sovereign AI arsenal. This factor has supported the stock performance of government-facing AI companies. In contrast, ServiceNow, which focuses on enterprise software, saw no change in its stock price that day.
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