Palantir stock rises on partnership with Voyager Space

Shares of Palantir (PLTR) are rising Thursday afternoon after the company announced a partnership with Voyager Space "to rapidly advance the space and defense technology sectors by integrating Palantir's cutting-edge AI tools across the Voyager enterprise," according to a Voyager press release.

Yahoo Finance Anchors Josh Lipton and Alexandra Canal break down the partnership and what it means for both companies moving forward.

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This post was written by Nicholas Jacobino

Video transcript

Punt technologies, the stock is climbing after announcing a new partnership with Voyager Space to leverage artificial intelligence to drive innovation in space tech.

Now, you're seeing Punt shares up just under 5% right now.

On the heels of this new partnership.

According to a press release, both Voyager and Pier will quote rapidly advance the space and defense technology sectors by integrating pent cutting edge A I tools across the Voyager and surprise.

Now this partnership is also going to enhance military research and development along with making space more accessible to the defense community, which I thought was interesting.

And to me, this is just another example of the expansion of A I into various sectors in the various industries, how you can utilize this technology?

Pent also previously formed a strategic partnership with Star Lab Space.

So it seems like this is an area where Palantir wants to continue to explore and clearly a use case for A I when it comes to that goal.

Yeah, you saw Pounders execs kind of saying in a statement with this news that uh the company committed they are to building transformative A I solutions across every domain and that, of course, you know, it's a big part of the both thesis here on Pounder that this is a smart A I play.

Not believes that, listen, there are skeptics, but we've had, you know, fans like Dan Ives over at Wedbush, uh calls Pounder the messy of A I and uh, um, and I, I actually know I, I was at a Pounder customer conference um in Pound to California where, you know, a lot of the customers are there.

They took the stage, they would talk about how they were sort of integrating the company's A I technology.

Uh, and we've spoken on Ya Finance with Pounder Co, Alex Carp and certainly, uh, pounding a very confident, optimistic drum.

Yeah.

And even if you take a look at stock, it's up nearly 50% year to date, up about 80% on the year.

So, it's one of those names that is seeing the boost that we're seeing across the, the space when it comes to A I.