Palantir joins defense stocks rally

Shares of military-grade AI tools and services provider Palantir PLTR.O jump 4.5% to $143.14

Stock climbs alongside broader rally in U.S. defense firms as the U.S.-Israeli air war against Iran expands

S&P 500 Aerospace and Defense index .SPLRCAERO adds 1.3%

Last month, PLTR said revenue derived from the U.S. government jumped 66% to $570 million in Q4, helping lift total sales to $1.41 billion

PLTR up 62% in the past 12 months vs. 50% gain in SPLRCAERO