Palantir Technologies Inc PLTR is flexing both its tech muscles and stock chart, jumping 9% after news broke that NATO has officially acquired its AI-enabled Maven Smart System NATO (MSS NATO) for military operations.

For a stock already up 322% over the past year, it's a reminder that Palantir isn't just playing defense when it comes to data dominance.

NATO's fast-tracked procurement of Palantir's system — just six months from spec to signed deal — is a tactical win in more ways than one. According to NCIA General Manager Ludwig Decamps, the deal will give NATO "customized state-of-the-art AI capabilities," enhancing everything from intelligence fusion to battlefield decision-making.

The battlefield isn't the only place Palantir is gaining ground.

Palantir Stock Chart: Mostly Bullish, But Not Without Caution

Chart created using Benzinga Pro

Technically speaking, Palantir stock is in bullish territory. The stock is trading above its five-, 20- and 200-day simple (SMA) and exponential moving averages (EMA), with the eight-day SMA ($84.28) and 20-day SMA ($87.03) both comfortably below the current price of $92.28 — clear bullish signals. And that towering gap above the 200-day SMA ($59.29)? That's a long-term green flag.

But it's not all smooth sailing. The 50-day SMA sits slightly above the current price at $92.64, which signals a technical bearish in that timeframe. Meanwhile, the MACD (moving average convergence/divergence) indicator sits at negative 0.35 — another mild caution sign — and the RSI (relative strength index) at 55.14 suggests we're neither overbought nor oversold.

Translation: momentum's on Palantir's side, but it's not a free pass to chase.

ETF Traders: Eyes On The AI Prize

For investors looking for ETF plays to ride this AI-military wave, Global X Artificial Intelligence & Technology ETF AIQ or ARK Innovation ETF ARKK provide exposure to AI-forward companies like Palantir. Those betting on defense-tech convergence might consider iShares U.S. Aerospace & Defense ETF ITA for broader exposure.

Palantir's latest NATO win gives new meaning to "data is the new weapon," and Wall Street seems to agree — for now. The trend is bullish, the momentum is building and as NATO gears up for AI warfare, Palantir looks ready to keep winning both contracts and investors.

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