Uber Closes at $88.10 and Palantir Hits $300B Market Cap, Both at New All-Time Highs

Uber Technologies Inc. reached a new all-time high in its share price, closing at $88.10 per share on Monday. The stock has surged nearly 45% year-to-date, reflecting investor confidence in Uber's potential in the autonomous ride-hailing sector, which is expected to reduce costs and boost growth in monthly active platform consumers and trips. The stock saw a 4.0% rise to hit $86.80 earlier in the day and a 25% increase reported during trading.

Separately, Palantir Technologies Inc. also hit a new all-time high, with its shares increasing by nearly 10% on the same day, pushing its market capitalization past $300 billion. The stock was up 7.5% and 7% at different points during the day.