Palantir Technologies, Inc. (NYSE:PLTR) stock is moving higher on Friday on continued strength following recent developments.
The stock spiked recently after the company reported S2 earnings and announced a new partnership with Microsoft (NASDAQ:MSFT) last week. In terms of earnings, the company reported adjusted EPS of nine cents beating analysts estimate of eight cents and sales of $678.13 million beating analysts estimate of $652.10 million.
Palantir's new partnership with Microsoft will bring enhanced data analytics and artificial intelligence services to the U.S. Defense and Intelligence Community.
How To Buy Palantir Technologies Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Palantir Technologies (NYSE:PLTR)'s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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PLTR Price Action: At the time of writing, Palantir shares are moving 4.18% higher at $32.53 per data from Benzinga Pro.
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