What's Going On With Palantir Stock Today?

Palantir Technologies Inc. PLTR shares are trading higher in the premarket session on Wednesday.

William Blair analyst Louie DiPalma upgraded Palantir from Underperform to Market Perform. According to Benzinga Pro, PLTR stock has gained over 254% in the past year.

Palantir has announced a joint venture with TWG Global for AI deployment across banking, investment management, insurance, and other financial sectors.

The companies plan to aim for key challenges such as compliance, customer growth, fraud detection, and risk management, positioning businesses for success in an increasingly competitive and volatile market.

The initiative, spearheaded by Palantir CEO Alex Karp and TWG Global's Mark Walter, Thomas Tull, and Drew Cukor, aims to move beyond fragmented AI solutions, embedding AI across every core function of financial institutions.

Also Read: White House Crypto Summit To Feature Roundtable With Industry Leaders Including Michael Saylor

Cukor highlighted the need for leaders to take ownership of AI integration to gain a competitive edge.

On Tuesday, Palantir announced a successful deployment of its cutting-edge technology within Societe Generale, a prominent European bank, aimed at enhancing financial crime prevention.

Palantir's Anti-Financial Crime solutions are built on the Palantir Foundry platform. It’s designed to address risks like money laundering and fraud that impact international financial institutions.

Investors can gain exposure to the PLTR stock via Roundhill ETF Trust Roundhill PLTR WeeklyPay ETF PLTW and Direxion Daily PLTR Bull 2X Shares PLTU.

Price Action: PLTR shares are trading higher by 3.2% to $87.15 premarket at last check Wednesday.

Read Next:

• Donald Trump’s Bitcoin, Ethereum, XRP Reserve Is ‘Imperfect’ But Bullish, Says Bitwise’s Matt Hougan

Image: Shutterstock