10 AI Stocks Taking Wall Street by Storm

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems serving a diverse clientele which includes US government agencies and commercial enterprises. On December 9, Palantir Technologies Inc. (NASDAQ: PLTR) announced that it has expanded its contract with the U.S. Special Operations Command (USSOCOM) for delivering technology solutions in support of enterprise capabilities. Valued at $36.8 million, the one-year delivery will position Palantir as a lead software integrator for USSOCOM’s Mission Command System (MCS) while expanding the technology solutions supporting U.S. Special Operations Forces (SOF) globally. The new contract will speed up software development, enabling pilot projects that bring Palantir’s AI technology to the U.S. Special Operations Command (USSOCOM).

“USSOCOM continues to be at the forefront of adopting emergent technology and we are looking forward to this new stage of our long-time partnership. Palantir’s Mission Manager is positioned to innovate the Defense industry by providing software to enable and operationalize commercial capabilities for U.S. Government missions. USSOCOM understands that commercial software can be the differentiator in the battlespace and we are steadfast in our commitment to supporting USSOCOM forces around the world.”

-Akash Jain, President, Palantir USG.