New York time check: It is 11:52 a.m. ET on Friday, December 26, 2025—and U.S. markets are open in a typically thin post‑holiday session.

Palantir Technologies (ticker: PLTR) is once again in the spotlight as investors weigh two big narratives that have defined the stock’s outsized 2025 run: (1) accelerating demand for Palantir’s AI-enabled software platforms and (2) a rising list of government and critical‑infrastructure programs where Palantir is embedded in operational workflows.

As of late morning trading, PLTR is around $191, down about 1%–1.5% on the day, after moving between roughly $189 and $196. ^[1]

Meanwhile, the broader tape is relatively calm—consistent with “muted” year‑end trading conditions—while major…