Why Palantir Stock Is Up Today
Yahoo Finance ·
Shares of Palantir Technologies ( PLTR +2.53% ) gained on Monday after the data analytics leader announced a strategic collaboration with semiconductor colossus Nvidia ( NVDA +1.30% ) . Palantir will help U.S. government agencies run Nvidia's Nemotron models in secure environments. The two tech giants will provide an "intelligent engine" to train, deploy, and improve these powerful artificial intelligence ( AI ) models while ensuring customers retain control of their data and intellectual property. "Open-source AI is foundational to national security, public safety, and U.S. technology leadership," Nvidia CEO Jensen Huang said. "Palantir's Nemotron-powered intelligent engine shows how open models can strengthen America's leadership in AI -- giving U.S. government agencies a secure, customizable, and fully controlled foundation to build mission-critical AI systems."
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