Why Palantir, Apple, and Micron Rallied Monday

The continuing threat of a far-reaching trade war and on-again, off-again tariffs has sparked historic volatility in the stock market in recent weeks. The dour mood resulting from ongoing correction has been offset by waves of euphoria, with investors latching onto any positive developments to bid up stocks from recent lows. A bit of good news over the weekend sparked a broad-based rally to kick off the week.

With that as a backdrop, artificial intelligence (AI) specialist Palantir Technologies (NASDAQ: PLTR) surged 4.6%, semiconductor supplier Micron Technology (NASDAQ: MU) jumped 2.6%, and iPhone maker Apple (NASDAQ: AAPL) rallied 2.4%, as of 11:52 a.m. ET on Monday.

Image source: Getty Images.

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