Palantir Technologies Inc. - Class A Common Stock (PLTR)
76.38
-8.53 (-10.05%)
Palantir Technologies is a public software company that specializes in big data analytics and provides platforms for organizations to integrate, visualize, and analyze large amounts of data from disparate sources
Its flagship products, Palantir Gotham and Palantir Foundry, are designed to assist government agencies and commercial enterprises in making data-driven decisions by offering advanced analytical capabilities, collaborative tools, and visualization features. The company has gained prominence for its work with intelligence and defense organizations, as well as its growing presence in various industries such as finance, healthcare, and manufacturing, enabling clients to derive actionable insights and enhance their operational efficiency.
Shares of data-mining and analytics company Palantir (NYSEPLTR)
fell 10.1% in the afternoon session after markets tumbled, extending the weakness from the previous week as concerns over the ongoing trade war continued to spread. Over the weekend, President Trump fielded questions regarding recession worries on FOX News, calling the market struggle "a period of transition," but that didn't do much to calm investors.
The sell-off was particularly pronounced in the tech sector, with the Nasdaq falling 3% into correction territory, while the S&P 500 also posted a 2% decline.
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Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
S&P Dow Jones Indices announced on Friday that Palantir will join the S&P 100 index. Also, Voyager deepens collaboration with Palantir for AI-powered space solutions. Aims to accelerate deployment by 2026.
Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the technology space with this brief recap.
HD Hyundai Executive Vice Chairman Chung Kisun met with Palantir CEO Alex Karp in Washington, D.C., to advance their AI-powered shipyard project and explore future defense tech collaborations, as Palantir continues its strong financial momentum.
Palantir Technologies Inc. will join the S&P 100 index, S&P Dow Jones Indices announced Friday, as the data analytics firm continues its remarkable post-election rally.
Whirlwind of tech activity with AI in focus: Elon Musk's xAI expands, Apple delays Siri upgrade, Meta may add subscriptions & ads, Palantir delivers AI-powered battle stations, Ex-Google CEO warns against global race for superintelligent AI.
Palantir recently delivered its first two AI-powered systems to the U.S. Army, marking a major milestone for the company. The deployment follows Palantir’s $178 million contract win last March, establishing it as a key player in defense technology.
Peter Thiel and Elon Musk's influential investments and strategic roles are dramatically reshaping the Trump administration and the future of American governance.
