Why Palantir Technologies Shares Are Rising
Portfolio Pulse from Henry Khederian
Palantir Technologies (NYSE:PLTR) shares are up 3.99% after announcing a $463 million contract with the U.S. Special Operations Command. The contract strengthens Palantir's edge in the next phase of competition and enables effective decision-making by harnessing massive amounts of data.

June 05, 2023 | 6:41 pm
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Palantir Technologies shares are up 3.99% after securing a $463 million contract with the U.S. Special Operations Command, strengthening their competitive edge and enabling effective decision-making.
The $463 million contract with the U.S. Special Operations Command is a significant win for Palantir Technologies, as it strengthens their competitive edge and enables effective decision-making by harnessing massive amounts of data. This positive news is likely to have a short-term positive impact on the company's stock price.
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