What's Going On With Palantir Technologies Shares Premarket Friday?
Portfolio Pulse from Lekha Gupta
Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher premarket due to a new partnership with Sompo for AI solutions in the insurance sector. This partnership extends Palantir's reach in Japan and Brazil, enhancing decision-making in pricing and risk management. Investors can also gain exposure through ETFs like REX AI Equity Premium Income ETF (NASDAQ:AIPI) and Global X Defense Tech ETF (NYSE:SHLD).
August 23, 2024 | 1:30 pm
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POSITIVE IMPACT
Investors can gain exposure to Palantir's growth through the REX AI Equity Premium Income ETF.
AIPI includes Palantir, and the positive news about Palantir's partnership may indirectly benefit the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Palantir Technologies shares are up premarket due to a new partnership with Sompo for AI solutions, expanding its presence in Japan and Brazil.
The partnership with Sompo enhances Palantir's AI offerings in the insurance sector, likely boosting investor confidence and driving share price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Global X Defense Tech ETF offers exposure to Palantir, which is seeing positive momentum from a new partnership.
SHLD includes Palantir, and the positive news about Palantir's partnership may indirectly benefit the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50