Palantir (PLTR) stock has advanced 1% to $14.10 in Wednesday’s premarket after the artificial intelligence-inflected (AI) data miner won a $250 milli
The contract will last three years through September 2026.S&P 500 and NASDAQ 100 futures have risen in Wednesday’s premarket.stock has advanced 1% to $14.10 in Wednesday’s premarket after the artificial intelligence-inflected data miner won a $250 million, three-year contract with a unit from the US Army.
The “firm-fixed-price” contract runs through September 25, 2026. As is the norm, the Army did not provide much in the way of details on the specific contract other than to say it involved R&D. Of the US-based revenue in the second quarter, more than 68% came from its government operations. Still, Palantir has been rolling out its Artificial Intelligence Platform at a quick pace so far in the third quarter. The company has announced contracts and partnerships with Houston investment manager CAZ Investments, UK-based defense firm Babcock International Group and Italian research hospital Policlinico Gemelli all in the last month.Palantir stock has been using the $13.
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