Palantir Stock Is Surging: What's Going On?
Portfolio Pulse from Adam Eckert
Palantir Technologies (NYSE:PLTR) shares are trading higher after announcing a multi-year partnership with Panasonic Energy of North America (PENA) to deliver a 'Smart Factory' for one of PENA's facilities in Nevada. Palantir's Foundry platform will be used to integrate edge sensors, automate efficiencies, and enable connected operations.
June 07, 2023 | 2:31 pm
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Palantir's partnership with Panasonic Energy to deliver a 'Smart Factory' in Nevada has led to a surge in its stock price.
Palantir's partnership with Panasonic Energy is a significant development for the company, as it showcases the capabilities of its Foundry platform and expands its presence in the AI space. This partnership is expected to generate cost savings and increase ROI for Panasonic Energy, which in turn reflects positively on Palantir's stock price.
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