The GraniteShares 2x Long PLTR Daily ETF (PTIR) surged 10.24% to close at $131.56 on January 22, driven by a significant rally in Palantir Technologies Inc. stock. Palantir's stock climbed 5% to $76.8, fueled by strong demand for its AI solutions and the announcement of a $500 billion joint venture, the 'Stargate' plan, involving Oracle, OpenAI, and SoftBank. This initiative has bolstered investor confidence in AI-focused companies, including Palantir, which has also benefited from increased federal spending on defense and national security. The company's recent contract wins and its strategic position in the AI and data analytics market have further strengthened its financial outlook. Additionally, the broader market sentiment was buoyed by Netflix's impressive Q4 results and the positive impact of the Stargate project on technology stocks, contributing to gains in major US equity indexes.