Reported 11 days ago
Palantir Technologies saw its stock value rise significantly after announcing an extension of its contract with the U.S. Army, potentially worth $618.9 million. This extension, valued at $400.7 million for up to four years, reflects Palantir's ongoing partnership with the Army to enhance data analysis and AI capabilities. Following this announcement, Palantir's stock has more than quadrupled in value this year and is set to join the Nasdaq 100 Index next Monday.
Source: YAHOO