The GraniteShares 2x Long PLTR Daily ETF (PTIR) closed up 2.88% at $97.52 on January 14, as Palantir Technologies Inc. (PLTR) stock rebounded amid a broader recovery in tech stocks. Palantir's stock snapped a five-session losing streak, climbing over 4% in early trade, buoyed by a softer-than-expected producer price index inflation report in the U.S. This report eased concerns about aggressive interest rate hikes, providing a lift to tech stocks. Despite recent analyst warnings about Palantir's high valuation, the stock's inclusion in the Nasdaq 100 has increased institutional ownership, potentially stabilizing its price. Additionally, Palantir's strategic partnerships and AI platform continue to drive demand, particularly from the federal government, which remains a key growth driver.