What's Going On With Palantir Stock Tuesday?

Palantir Technologies Inc. PLTR shares are trading lower on Tuesday amid weakness in anticipation of U.S. tariffs, expected to begin Tuesday.

But, the company has made significant strides in two major sectors. First, Palantir announced a successful deployment of its cutting-edge technology within Societe Generale, a prominent European bank, aimed at enhancing financial crime prevention.

The deployment of Palantir’s Anti-Financial Crime solutions, built on the Palantir Foundry platform, is designed to address risks like money laundering and fraud that impact international financial institutions.

This collaboration integrates analytics, machine learning algorithms, and risk assessment tools to help Societe Generale’s international retail banking network identify, prevent, and mitigate financial crime risks.

François Bohuon, General Manager of Palantir France, emphasized the importance of advanced data analytics in combating increasingly sophisticated financial crimes.

Also Read: AutoZone Q2 Earnings: Miss Estimates, 2.4% Revenue Growth, Higher Inventory And More

In another development, Palantir’s technology continues to drive innovation in the air mobility sector.

Surf Air Mobility Inc. SRFM has entered into agreements with six air operator beta customers to launch SurfOS, a new AI-powered software platform powered by Palantir.

SurfOS offers tools to improve charter flight distribution, optimize pricing, and manage customer relationships. The platform also enables operators to become vertically integrated mobility companies as more features are added.

Toby Woods, CEO of Direct2, one of the launch customers, praised SurfOS for its ability to simplify operational complexities while maintaining precision and efficiency.

Surf Air Mobility aims to expand SurfOS through its new venture, Surf Air Technologies, which will focus on bringing the platform to the broader air mobility market. Surf Air Mobility is also exploring external investment to support Surf Air Technologies initiative.

According to Benzinga Pro, PLTR stock has gained over 240% in the past year. Investors can gain exposure to the stock via Roundhill ETF Trust Roundhill PLTR WeeklyPay ETF PLTW.

Price Action: PLTR shares are trading lower by 2.21% to $81.58 at last check Tuesday.

Read Next:

• Nvidia Chip Fraud Probe: Malaysia Vows’ Necessary Action’ But Admits’ We Don’t Know’ Where Servers Went

Image via Shutterstock.