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Palantir's AI Partnerships Propel Stock to New Heights
10 Sep
Summary
- Palantir's stock jumps 3.7% on news of expanded AI partnerships
- Lear Corporation and Lumen Technologies sign new deals with Palantir
- Company's AI platforms drive 93% increase in U.S. commercial revenue
On September 10th, 2025, Palantir Technologies (NASDAQ:PLTR) saw its stock price jump 3.7% in the afternoon trading session. This positive momentum follows the company's recent AIPCon customer conference and the announcement of several new business partnerships.
Palantir, a leading data analytics firm, revealed a five-year expansion of its partnership with automotive supplier Lear Corporation. The two companies will deepen their use of AI in manufacturing processes. Additionally, Palantir announced a new collaboration with Lumen Technologies, further expanding its footprint in the private sector.
These latest developments build on Palantir's strong performance so far in 2025. The company's stock has more than doubled year-to-date, largely driven by the success of its AI platforms. In the second quarter, Palantir reported a 93% increase in its U.S. commercial revenue, highlighting its ability to drive growth in the private market.
Despite the recent volatility, Palantir's shares remain 12.9% below their 52-week high of $186.97 reached in August 2025. Investors who bought $1,000 worth of Palantir shares at the company's IPO in September 2020 would now be looking at an investment worth $17,137.
