Palantir to Supply AI to Ondas-Backed Regna AI as Shares Hit Record
PLTR sits 96% above its 52-week low of $106.37.
Summary
Palantir will supply model-training, engineering, and AIP access to Regna AI, a new Ondas-backed firm building fine-tuned AI for government and defense autonomous missions. The partnership expands Palantir's SkyWeaver C4I into a sovereign AI venture targeting defense, ISR, security, and critical infrastructure, with initial customer deployments expected in coming months. Shares reached a record high after a 10.8% weekly gain, reflecting strong investor sentiment. This follows Palantir's Q2 beat and raised guidance, and adds a new defense-focused AI partnership to its growth story. Q3 results are scheduled for November 2 after market close.
At the time of this announcement, PLTR was trading at $208.52 on NASDAQ in the Technology sector, with a market capitalization of approximately $502.2B. The 52-week trading range was $106.37 to $212.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.