10 High Flying AI Stocks This Week

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On March 10, it was announced that the company is expanding its partnership with Voyager Technologies (Voyager), a global leader in defense technology and space solutions. The partnership aims to develop AI-powered solutions for enhanced Space Domain Awareness, thereby facilitating the proactive mitigation of potential collisions and threats.

The system will integrate Voyager’s VPX signal processing electronics and chassis, signals intelligence software and mission services capabilities, along with Palantir’s AI/Machine-Learning engines, to enable space-based object detection, identification, classification and tracking. Palantir’s AI capabilities will allow Voyager to enhance its defense and national security solutions.

“We are deepening our partnership with Voyager to deliver the transformative capabilities required to maintain our national security. We are further extending the reach of our AI solutions from ground to space, a critical frontier where demands are intensifying as the environment grows increasingly contested.”

-Robert Imig, Head of USG Research and Development at Palantir.