10 Buzzing AI Stocks on Latest News and Ratings

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On December 18, the company announced that it has extended its long-standing partnership with the U.S. Army. This partnership extension will enable the delivery of the Army Vantage capability in support of the “Army Data Platform” (ADP) for a total value of $400,746,583, for a period of up to four years. Since 2018, the army has been using Palantir’s software, in particular its data and artificial intelligence, to perform essential missions and enable faster decision-making. The new agreement will in turn allow the army to support additional programs with data and AI capabilities.

“Palantir is proud to support the Army’s commitment to more efficient, data-driven decisions through the successful expansion of the Vantage program. Our continuous addition of new AI capabilities enables the Army’s own ability to develop applications and incorporate the benefits of effective data analysis across nearly every high-priority mission in the Army”.

-Akash Jain, President, Palantir USG.