Why Palantir Technologies Stock Rallied on Thursday
PLTRPalantir Technologies(PLTR) The Motley Fool·2024-08-09 03:33

The company announced a groundbreaking partnership with another artificial intelligence bigwig.Shares of Palantir Technologies (PLTR 9.99%) charged out of the gate on Thursday, surging as much as 11.6%. As of 2:47 p.m. ET, the stock was still up 10.3%.The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was the announcement that it would collaborate with software titan Microsoft (MSFT 0.59%) to advance U.S. government AI systems.Two of the biggest names in AI pa ...