The GraniteShares 2x Long PLTR Daily ETF (PTIR) surged 5.66% to close at $139.00 on January 23, 2025, as Palantir Technologies (PLTR) received a significant boost from Wedbush Securities, which raised its target price from $75 to $90, citing growing confidence in the company's AI strategy. This bullish sentiment was echoed by other analysts, contributing to the stock's upward momentum. Palantir's strategic approach to artificial intelligence, supported by the Trump administration, has been a key driver of its recent performance, with the company being positioned as a potential leader in the AI space. The announcement of the Stargate project, a joint venture with Oracle and SoftBank, further solidified Palantir's standing in the AI sector, despite some skepticism about the project's financial backing.