Palantir rallies 15% for the week as Iran war boosts prospects, muting Anthropic concern

Palantir's stock rallied 15% this week after the U.S. attacked Iran, because the company relies on government spending for about 60% of its revenue and works heavily with military and intelligence agencies. Wall Street showed little concern about the U.S. government blacklisting Anthropic (an AI company that had partnered with Palantir on defense projects), as analysts noted there are alternative AI models available and that replacing Anthropic's systems will take time but is manageable.