What's Going On With Palantir Stock Tuesday?

Palantir Technologies, Inc. PLTR shares are moving on Tuesday. J.D. Power announced a collaboration with Palantir to develop generative artificial intelligence (AI) and predictive analytics solutions that will assist with strategic decision making in the automotive industry.

What To Know:

J.D. Power will utilize the Palantir Foundry and artificial intelligence platform to integrate its automotive datasets to facilitate the development of new analytics models and workflow solutions.

"The automotive industry is at a critical inflection point as AI and other forces continue to transform the industry," said Alexander Karp, CEO of Palantir.

"J.D. Power sets itself apart as a pioneer in data-driven intelligence and delivering lasting value for its customers."

Shares of PLTR are up more than 18% over the last five sessions and approximately 100% over the last three months, largely driven by the company's AI exposure.

Palantir will report its second-quarter financial results on Aug. 7. Investors and analysts will be watching to see if the numbers reflect the increased AI demand the company has highlighted in recent months.

PLTR Price Action: According to Benzinga Pro, shares of Palantir are trading 2.1% higher at $16.66 at the time of writing.

Image: Dewesoft from Pixabay

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