Why Palantir Technologies Stock Rallied on Wednesday
Shares of Palantir Technologies (NYSE: PLTR) charged sharply higher Wednesday, defying the broader market downturn and spiking as much as 11%. The catalyst that sent the artificial intelligence (AI) and data mining specialist higher was the company's latest deal, which marks the third such announcement this week. Palantir announced a new multi-year partnership to bring "smart factory" technology to Panasonic's (OTC: PCRFY) manufacturing facility in Nevada.