Palantir Stock Gains 2%, Continuing Rally
Tiger Newspress2023-10-11
Palantir stock gained 2% in morning trading, continuing rally.
Palantir Technologies Inc. (PLTR) won a new Army contract involving artificial intelligence, the company said Tuesday. The contract supports the Combatant Commands (COCOMs), Armed Services, Intelligence Community and Special Forces as those groups "continue to test" AI capabilities, Palantir said in a release. The new contract was posted to the Department of Defense's website last week and is worth up to $250 million through 2026. Palantir shares were up about 1.1% 0n Tuesday.
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