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Palantir Technologies Inc. experienced a significant surge in its stock price following the announcement of a new U.S. Army contract. The contract, valued at approximately $178 million, is for project Titan, a battlefield system utilizing artificial intelligence. This news prompted a notable increase in Palantir's shares, with a pre-market jump of over 8% and closing up 9.87% at a 52-week high of $26.16. The company is also set to unveil new customers at the upcoming AIPCon. The contract and the stock's performance have attracted attention from retail investors, particularly on platforms like WallStreetBets on Reddit, where Palantir's stock has been trending.
$PLTR closed up 9.87% to $26.16, a 52Wk Hi today. The company announced it has won a new, $178 million U.S. Army contract for project Titan, a battlefield system using artificial intelligence.👇🏼 67% of current hedge fund holders were buyers. And majority of the buyers are first… https://t.co/BOWwpUtlAU https://t.co/CfBz0oWhdn
Great interview @MorganLBrennan on Palantir and the big Army AI deal announcement @CNBCOvertime 🏆🍿🐂👇 https://t.co/iUZSyfk1fZ
$PLTR | Palantir Is Trending On WallStreetBets: Here's What Retail Is Saying On Reddit Palantir announces a $178 million contract with the U.S. Army Wednesday, and WallStreetBets is buzzing about it. Retail investors are keeping a close eye on the stock which has “rocketed” up… https://t.co/RDN9HnzyBR
