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Tag: Palantir Technologies stock

  • Palantir Technologies (PLTR) Stock Rallies On New AI Deal With bp

    Palantir Technologies (PLTR) Stock Rallies On New AI Deal With bp

    Palantir Technologies Inc. (NYSE: PLTR) share are increasing significantly on the US stock charts today, rising 12.94% to $34.26 after the company announced a long-term enterprise partnership with bp (NYSE: BP). Through its state-of-the-art AIP software, this cooperation introduces sophisticated artificial intelligence (AI) capabilities, continuing PLTR’s strategic relationship.

    Developing a long-term Partnership

    The agreement announced today, strengthens a collaboration that has existed for more than a decade and during which Palantir’s software has been essential to bp’s activities related to the production of oil and gas.

    Since 2014, Palantir supported bp’s operations with its cutting-edge technology across a variety of geographic areas, including offshore platforms in the North Sea, the Gulf of Mexico, and the Khazzan gas fields in Oman. bp entered this partnership to achieve its digital transformation goals, aiming maximizing efficiency within its manufacturing processes.

    Integration of Advanced AI Capabilities

    A model-based digital twin of bp’s oil and gas production activities is being developed, and it is the focal point of this new phase of partnership. This sophisticated system integrates dynamic physical asset models with real-time data from over two million sensors, creating a unified operational view through Palantir’s software.

    The introduction of Palantir’s AIP software will further enhance bp’s ability to harness large language models (LLMs), facilitating improved and expedited human decision-making processes. By providing AI-driven recommendations based on comprehensive data analysis, the software aims to accelerate and optimize operational outcomes.

    Ensuring Safe and Reliable AI Deployment

    A key feature of Palantir’s AIP software is its robust data infrastructure, designed to ensure transparency in AI-driven recommendations while guarding against potential inaccuracies, commonly referred to as “hallucinations.”

    The software includes security measures that control the actions of LLMs, coupled with fully auditable digital records of all decisions and actions taken. This strategic relationship not only enhances the efficiency of bp’s operations but also reinforces their commitment to safe and reliable AI deployment.

    Through this continued partnership, Palantir’s advanced technology will remain integral to bp’s ongoing digital transformation, ensuring that the oil and gas giant can safely monitor, optimize, and enhance its production processes.

  • 15 Software – Infrastructure Stocks to Watch

    15 Software – Infrastructure Stocks to Watch

    “IT Infrastructure Software Market” Research Report 2020-2025, published on Oct 15, 2020, is a detailed analysis of the current state of the market for the IT Infrastructure Software industry based on historical trends and forecasts. This report tackles the IT Infrastructure Software market segment from a basic overview to a detailed description of the IT Infrastructure Software market. Furthermore, it offers a detailed look at the key vendors, top regions, product types, and end industries of the IT Infrastructure Software marketplace. It provides historical data on the IT Infrastructure Software market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.

    Besides, market dynamics (such as driver factors, restraining factors) and industry news (like mergers, acquisitions, and investments) are also considered in the report. The increase in technological innovations and advancements will enhance the product’s performance, making it more widely used in downstream applications. Furthermore, Porter’s Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, and industry competitors) provides essential information for understanding the IT Infrastructure Software market.

    Palantir Technologies Inc. (NYSE:PLTR) shares were trading down -1.93% at $25.92 at the time of writing on Wednesday. The company recently declared that it was awarded a $44.4m, three-year contract with the U.S. Food and Drug Administration (FDA).

    Palantir Technologies Inc. (NYSE:PLTR) share price went from a low point around $8.90 to briefly over $33.50 in past 52 weeks, though shares have since pulled back to $25.92. PLTR market cap has remained high, hitting $44.89B at the time of writing, giving it price-to-sales ratio of more than 40.

    If we look at the recent analyst rating PLTR, Morgan Stanley downgraded coverage on PLTR shares with an Underweight rating and a $14.33 price target, which implies room for -11.59% downside momentum this year.

    Microsoft Corporation (MSFT) last closed at $219.28, in a 52-week range of $132.52 to $232.86. Microsoft Corp. and Warner Bros. reported an epic partnership to celebrate the release of the new movie “Space Jam: A New Legacy,” coming in 2021. Analysts have a consensus price target of $239.71.

    Oracle Corporation (ORCL) stock soar by 1.49% to $62.78. The firm recently revealed fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. C The most recent rating by BofA Securities, on December 16, 2020, is at a Neutral.

    Square Inc. (NYSE:SQ) Shares headed rising, higher as much as 3.22%. Lately, the company declared that its commerce platform now powers payments, e-commerce, and point of sale at nearly a dozen renowned ski resorts across the U.S. and Canada in partnership with POWDR. The most recent rating by Seaport Global Securities, on December 07, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ:DBX) rose 1.73% after gaining more than $0.4 on Wednesday after reporting that it has been positioned by Aragon Research, Inc. in the Leader section of the Globe for Digital Work Hubs, 2021 for the second year in a row.

    BlackBerry Limited (BB) last closed at $8.24, in a 52-week range of $2.70 to $9.69. Today, the company will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET. Analysts have a consensus price target of $6.07.

    NortonLifeLock Inc. (NLOK) stock soar by 2.10% to $20.38. The company on December 7, 2020 revealed that it has agreed to acquire Avira in an all-cash transaction for approximately $360 million from Investcorp Technology Partners. The most recent rating by Argus, on August 21, 2020, is at a Buy.

    FireEye Inc. (NASDAQ:FEYE) Shares headed rising, higher as much as 2.77%. The company on December 11, 2020 reported that the $400 million strategic investment led by funds managed by Blackstone Tactical Opportunities has closed. The most recent rating by Barclays, on November 20, 2020, is at an Underweight.

    CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 2.78% after gaining more than $4.86 on Wednesday. On December 8, 2020, the firm released the annual CrowdStrike Services Cyber Front Lines Report, which brings together the insights and observations of CrowdStrike’s global incident response (IR) and proactive services teams in 2020.

    Cloudflare Inc. (NET) last closed at $81.81, in a 52-week range of $15.05 to $86.21. On December 7, 2020 released Data Localization Suite to give businesses across the globe tools to address their data locality, privacy, and compliance needs. Analysts have a consensus price target of $69.06.

    Box Inc. (BOX) stock soar by 3.17% to $18.85 after the defense contract management agency selected Box for cloud content management. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy.

    SolarWinds Corporation (NYSE:SWI) Shares headed falling, lower as much as -0.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Buy.

    Adobe Inc. (NASDAQ:ADBE) rose 1.50% after gaining more than $7.26 on Wednesday. The company on December 10, 2020 declared financial results for its fourth quarter and fiscal year ended Nov. 27, 2020.

    Nutanix Inc. (NTNX) last closed at $30.98, in a 52-week range of $11.31 to $37.86. On December 10, 2020, the firm revealed that it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. Analysts have a consensus price target of $33.64.

    Okta Inc. (OKTA) stock soar by 1.87% to $259.93. The most recent rating by JP Morgan, on December 09, 2020, is at a Neutral.

  • This Update triggered Palantir Technologies (NYSE: PLTR) surge in the early morning trading

    This Update triggered Palantir Technologies (NYSE: PLTR) surge in the early morning trading

    Palantir Technologies (NYSE: PLTR) stock was trading higher in the premarket session as it was recorded up 3.84% to reach $30.05 after the company’s Partnership with Greek Government Re-Affirmed

    On December 3, Alex Karp, co-founder and CEO of Palantir Technologies (NYSE: PLTR), spoke to Greek Prime Minister Kyriakos Mitsotakis via teleconference about Palantir’s ever-expanding relationship with the Government of Greece in support of its COVID-19 response efforts.

    Palantir Executive Josh Harris and Kyriakos Pierrakakis, Minister of Digital Governance of Greece, were joined by Dr. Karp and Prime Minister Mitsotakis to discuss new ways to hold Greece ahead of the curve in its approach to public health.

    Palantir has collaborated with the Greek government since the beginning of the pandemic to help facilitate data-driven decision making in the sense of the COVID-19 pandemic response.

    On top of the Amazon Web Services infrastructure, the government is using Palantir’s Foundry computing framework to provide COVID-19 reaction workflows to government officials responding to the pandemic. The implementation of a crisis management center dashboard for the Prime Minister, which shows in real-time a holistic analysis of the situation of the COVID-19 pandemic in Greece, was of special importance.