Palantir Technologies Inc. rose 9% in regular trading, trading at $184.81/share. The stock rebounded sharply from prior sessions of weakness driven by sector-wide selling and executive share disposals.
On the news front, PwC US and Palantir announced an expansion of their strategic alliance aimed at helping enterprises deploy AI across critical business operations. The collaboration will focus on scaling enterprise AI, transforming mergers and acquisitions, and modernizing ERP systems, spanning supply chains, logistics, customer management, cybersecurity, capital projects, and real estate.
Notably, the two firms introduced an industry-first AI-native deals IT platform, built on Palantir Foundry and the AIP artificial intelligence platform, designed to accelerate M&A and divestiture timelines by up to 50% and reduce one-time transaction costs by up to 45%. The partnership leverages PwC's deep SAP expertise and business transformation capabilities alongside Palantir's data and AI platforms, enabling clients to identify process gaps, improve data quality, and evaluate transformation scenarios earlier in the cycle.
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