Palantir Technologies Inc.Palantir announced a strategic collaboration with Nvidia to bring AI to U.S. government agencies, enhancing its product offering.
Palantir Technologies shares rose on Monday after the company announced a strategic collaboration with Nvidia to help U.S. government agencies run Nvidia's Nemotron AI models in secure environments. The partnership will provide an intelligent engine for training, deploying, and improving these open-source models while ensuring data and intellectual property control. Palantir's stock has fallen 44% from its 52-week high in November, making its valuation more reasonable at roughly 100 times trailing free cash flow of $2.7 billion, with earnings projected to grow 96% in 2026.
Palantir Technologies Inc.Palantir announced a strategic collaboration with Nvidia to bring AI to U.S. government agencies, enhancing its product offering.
NVIDIA CorporationNvidia's AI models will be deployed in U.S. government agencies through the partnership, driving demand for its technology.