Why Palantir Stock Is Soaring Higher Today
Shares of Palantir (NASDAQ: PLTR) are surging on Thursday. The company's stock gained 6.5% as of 3:40 p.m. ET. The S 500 was up by 1.7% while the Nasdaq Composite's had jumped 2.3% higher.
The AI pioneer and government contractor announced a strategic partnership with Google Cloud to enhance its federal government offerings.
Palantir and Google parent announced a new partnership that will see the Google Cloud services integrated into Palantir's FedStart platform. The move will help deliver advanced AI solutions to U.S. government agencies. FedStart, Palantir's initiative designed to streamline software deployment for government entities, helps technology companies and start-ups offer their software solutions to the federal government more efficiently. This partnership will boost the program's capabilities by combining Google's robust cloud infrastructure with Palantir's expertise and compliance know-how.
Source Fool.com
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