Palantir Technologies Inc. (NASDAQ:PLTR) bucked a broader market downturn last week, rallying sharply as geopolitical tensions and policy shifts pressured many technology and semiconductor stocks.

Palantir Rallies As Markets Slide

Palantir stood out during a difficult week for equities. Its shares climbed 15% between February 27 and March 6 following the U.S. attack on Iran.

Meanwhile, the broader market struggled. The tech-heavy Nasdaq 100 index fell 1.3% for the week. Large technology and semiconductor stocks weighed on the index, including Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOGL), and Micron Technology Inc. (NASDAQ:MU).

At the same time, rising oil prices and a report showing the U.S. economy unexpectedly lost jobs in February added pressure to major indexes.

Geopolitical tensions also raised concerns about semiconductor supply chains. The Middle East ...