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Palantir Technologies Inc. - PLTR STOCK NEWS

Welcome to our dedicated page for Palantir Technologies news (Ticker: PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.

Palantir Technologies Inc. (symbol: PLTR) builds advanced software platforms that empower human experts to perform robust, collaborative data analysis at scale. Established in 2003 and headquartered in Palo Alto, CA, Palantir has made significant strides in the tech industry. Its software is utilized across public institutions, private enterprises, and non-profit sectors to address the complex task of making sense of large, diverse datasets in a responsible manner.

Palantir's key offerings include the Palantir Gotham and Palantir Foundry platforms. Gotham enables institutions to integrate, visualize, and analyze massive amounts of data for critical missions, ranging from defense and anti-fraud initiatives to disease response. Foundry, on the other hand, serves commercial clients by enhancing their data-driven decision-making processes.

The company went public in 2020 and has continuously expanded its global presence, with offices worldwide. Recent achievements include the expansion of strategic partnerships and the deployment of its technologies in various high-impact areas. Financially, Palantir has shown a strong performance, reflecting its growing influence and market penetration.

Palantir’s solutions are pivotal in revolutionizing how organizations approach data integration and analysis. By providing cutting-edge tools that enhance efficiency and accuracy, Palantir continues to support some of the world's most critical missions.

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Palantir Technologies Inc. (NYSE: PLTR) will release its fourth quarter and fiscal year results for 2022 on February 13, 2023, after the U.S. markets close. A webcast to discuss these results will take place at 3:00 PM MT / 5:00 PM ET. Participants can access the live webcast and replay via the company’s investor relations website. Shareholders are encouraged to submit questions ahead of the call.

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On January 19, 2023, Palantir Technologies (NYSE: PLTR) announced a multi-year partnership with Cleveland Clinic to implement an operations Virtual Command Center. This innovative system aims to enhance operational excellence and patient access by utilizing data-driven decision-making at hospital frontlines. Currently deployed at Cleveland Clinic, the Virtual Command Center improves care delivery through better staff allocation, reduced wait times, and optimized resource use. Leveraging Palantir's Foundry, the center forecasts patient admissions and resource availability, ultimately leading to improved efficiency and patient care.

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Palantir Technologies (NYSE: PLTR) has announced a partnership with Posit, integrating RStudio Pro into Palantir Foundry. This integration allows users to utilize their Posit Workbench licenses within Foundry, offering a fully-managed RStudio Pro environment. Benefits include enhanced analytics capabilities and secure data management for sectors like healthcare and life sciences. General availability is projected for later this year. Both companies express excitement about the collaboration, emphasizing improved user experiences and operational efficiencies.

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Palantir Technologies announced a strategic partnership with Cloudflare to optimize cloud costs for organizations using multi-cloud environments. This collaboration aims to enhance visibility and control over cloud expenditures. By utilizing Palantir Foundry and Cloudflare's infrastructure, customers can identify cost-saving opportunities and streamline their cloud workloads. The partnership promises significant savings and improved efficiency, allowing companies to leverage a flexible, cloud-agnostic solution that supports cost-effective operations.

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Palantir Technologies (NYSE: PLTR) launched a new Quality Management System (QMS) tailored for life sciences clients using its Foundry platform. This system helps companies comply with GxP regulations, enhancing their clinical data workflows. A top-5 global pharmaceutical firm recently qualified Foundry as GxP compliant, demonstrating its capacity to streamline therapeutic development from research to real-world studies. The QMS aims to improve decision-making in healthcare while maintaining regulatory compliance, marking a significant step in Palantir's commitment to advancing software solutions in the life sciences sector.

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Palantir Technologies UK has secured a £75 million Enterprise Agreement with the UK Ministry of Defence (MOD) for three years. This partnership aims to enhance the MOD's digital transformation, utilizing Palantir's software to treat data as a strategic asset, thereby improving military efficiency and decision-making. The agreement supports Defence Digital's vision for 2030, allowing secure data access across all operational domains. As part of this collaboration, the MOD can leverage Palantir's platforms to integrate disparate data sources and perform advanced scenario planning for improved operational outcomes.

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Palantir Technologies (NYSE: PLTR) has entered a multi-million dollar partnership with Integrity Mold & Tool to implement Palantir Foundry across its operations. This collaboration aims to enhance data-driven decision-making and optimize processes from manufacturing to sales. Integrity, anticipating revenue exceeding C$230 million in 2023, seeks to leverage advanced technology for competitive advantage. The deal underscores the importance of software in modern manufacturing, focusing on operational efficiency and innovative data solutions.

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On December 9, 2022, Palantir Technologies (NYSE: PLTR) announced a strategic multi-million dollar partnership with Crisis24, a GardaWorld company, aimed at enhancing security and risk management through AI. This collaboration will utilize Palantir's Foundry operating system to analyze data on crime, terrorism, health, and geopolitics, providing actionable insights for clients. The partnership seeks to empower organizations to effectively manage evolving risks, supporting decision-making with advanced analytics and human intelligence.

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Tampa General Hospital has partnered with Palantir Technologies (NYSE: PLTR) to enhance patient care using data analytics through the Palantir Foundry platform. This collaboration aims to drive operational, research, and clinical excellence while protecting patient privacy. Foundry has already shown value by improving patient flow and staffing efficiency, particularly during Hurricane Ian. Over the next year, the partnership will expand to enhance operational connectivity and support various clinical initiatives, demonstrating Palantir's potential impact in healthcare analytics.

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Palantir Technologies (NYSE: PLTR) has secured a five-year, $443 million contract with the CDC to enhance public health infrastructure through advanced software solutions. This contract integrates existing programs into a unified platform, promoting inter-agency collaboration for effective outbreak management and disease surveillance. The deal builds on Palantir's prior role in pandemic response and aims to bolster future preparedness efforts. The partnership highlights the CDC's commitment to innovative health strategies, ensuring long-term operational consistency and improving public health responses in the U.S.

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FAQ

What is the current stock price of Palantir Technologies (PLTR)?

The current stock price of Palantir Technologies (PLTR) is $75.48 as of January 27, 2025.

What is the market cap of Palantir Technologies (PLTR)?

The market cap of Palantir Technologies (PLTR) is approximately 172.9B.

What is Palantir Technologies Inc. known for?

Palantir Technologies Inc. is known for building software platforms that help experts perform powerful, collaborative analysis of large datasets.

What are the main products of Palantir?

Palantir’s main products include Palantir Gotham and Palantir Foundry. Gotham serves public institutions, while Foundry is aimed at commercial clients.

When was Palantir Technologies Inc. founded?

Palantir Technologies Inc. was founded in 2003.

Where is Palantir Technologies Inc. headquartered?

Palantir Technologies Inc. is headquartered in Palo Alto, CA.

When did Palantir go public?

Palantir went public in 2020.

What sectors does Palantir serve?

Palantir serves public institutions, private enterprises, and non-profit organizations.

What is Palantir Gotham used for?

Palantir Gotham is used for integrating, visualizing, and analyzing large amounts of data, particularly for defense, anti-fraud, and disease response missions.

What is the purpose of Palantir Foundry?

Palantir Foundry is designed to enhance data-driven decision-making processes for commercial clients.

How has Palantir expanded recently?

Palantir has expanded through strategic partnerships and by deploying its technologies in various high-impact areas.

What impact do Palantir's solutions have on organizations?

Palantir's solutions help organizations efficiently and accurately integrate and analyze data, thus supporting critical missions and enhancing overall performance.
Palantir Technologies Inc.

NYSE:PLTR

PLTR Rankings

PLTR Stock Data

172.95B
2.17B
5.1%
50.89%
3.39%
Software - Infrastructure
Services-prepackaged Software
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United States of America
DENVER