Tag: $Palantir

Palantir shares fall 7% on lower-than-expected guidance

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Palantir’s stock rises as company discloses new Army AI contract worth up to $250 million

Palantir Technologies Inc.  won a new Army contract involving artificial intelligence, the company said Tuesday. The contract supports the Combatant Commands (COCOMs), Armed Services, Intelligence Community and Special Forces as those groups “continue to test” AI capabilities, Palantir said in a release.