# Palantir Rises 4% as Software Stocks Rally

> Palantir stock up 4% as AI platform names lead software rally.
- Title: Palantir Rises 4% as Software Stocks Rally · 24/7 Wall St.
- Summary: Palantir stock up 4% as AI platform names lead software rally. Palantir Technologies stock rose 4% to $199.41 after AI platform names drove software stocks…
- Keywords: palantir, software stocks, ai platform, servicenow, salesforce, nasdaq, pltr, stock rally, federal partnership, knox systems, Rises, Software
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/21/palantir-rises-4-as-software-stocks-rally-servicenow-gains-3-salesforce-holds-flat
- Author: David Moadel
- Published: 2026-10-21T16:55:08+00:00
- Read time: 1 min
- Topics: palantir, software stocks, ai platform, servicenow, salesforce, nasdaq, pltr, stock rally, federal partnership, knox systems
## Palantir Rises 4%
Palantir Technologies stock is up 4% to $199.41 in afternoon trading.
## Software Stocks Rally
The iShares Expanded Tech-Software Sector ETF is up 2% to $108.98, outpacing large-cap technology.
## ServiceNow Gains 3%
ServiceNow stock is up 3% to $153.33, trailing Palantir stock.
## Salesforce Holds Flat
Salesforce stock is down 0.2% to $242.07, missing the rally.
## Federal Partnership Deal
Knox Systems announced a partnership with Palantir for federal government cloud environments.
## AI Platform Names Lead
Palantir’s AI focus and federal channel set it apart from ServiceNow and Salesforce.
## Next Test: Q3 Report
Palantir’s third-quarter 2026 report will test government growth momentum.
## Key takeaway

Palantir Technologies stock rose 4% to $199.41 after AI platform names drove software stocks higher, while ServiceNow gained 3% and Salesforce held flat.