Reported 2 days ago
Palantir Technologies Inc. has secured a significant $795 million contract from the US Army to enhance the Maven Smart System software licenses, highlighting the company's growing involvement in defense AI initiatives. This contract comes on the heels of another $178 million contract for AI-enabled systems in the first quarter. Palantir's stock has surged 60% this year, showcasing investor confidence in its prospects, especially as the company recorded notable growth in Q1 2025 with revenues jumping 39% year-over-year.
Source: YAHOO