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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Palantir's Year-long Rally Gains Momentum After Expanding Partnership with Voyager Space

Palantir Voyager Space Palantir Technologies Brian White DoD Palantir Foundry
Palantir secured multiple defence and corporate contracts in the first half of 2024. (Credit: Markus Spiske/Pexels.com)

Palantir Technologies (NYSE: PLTR) is a leading provider of AI software systems that enable machine-assisted and human-driven data analysis for enterprises across industries. It creates data fusion platforms such as Palantir Artificial Intelligence Platform (AIP) and Palantir Foundry to enhance big data analytics.

The stock has gained over 52% year-to-date (YTD) and 8.06% in the last five days to trade at $25.49 during pre-market hours on July 1. Last week's announcement to strengthen its alliance with Voyager Space further boosted Palantir's year-long rally.

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