What's Going On With Palantir Stock Tuesday?
Portfolio Pulse from Erica Kollmann
Palantir Technologies, Inc. (NYSE:PLTR) has announced a collaboration with J.D. Power and Associates to develop AI and predictive analytics solutions for the automotive industry. J.D. Power will use Palantir's Foundry and AI platform to integrate its automotive datasets. Palantir's shares have risen by 18% over the last five sessions and 100% over the last three months, largely due to the company's AI exposure. Palantir will report its Q2 financial results on Aug. 7.
July 25, 2023 | 2:22 pm
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POSITIVE IMPACT
Palantir's collaboration with J.D. Power for AI solutions in the automotive industry and its strong AI exposure have driven its shares up. The upcoming Q2 results could further impact the stock.
The news of Palantir's collaboration with J.D. Power for developing AI solutions in the automotive industry is a positive development for the company. This, coupled with the company's strong AI exposure, has driven its shares up. The upcoming Q2 results, if positive, could further boost the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100