Palantir Technologies has finalized the sale of an artificial intelligence-enabled warfare fighting system to NATO, the U.S.-Europe mutual defense alliance. Palantir stock climbed on Monday amid the news.
In a news release, the NATO Communications and Information Agency (NCIA) said Allied Command Operations has purchased the Palantir Maven Smart System for deployment at its military headquarters. The agreement was finalized on March 25, said the NCIA.
"This agreement has broader geopolitical significance than just another win for Palantir in the context of investor concerns that Europe is looking to decrease reliance on U.S. defense contractors," said William Blair analyst Louie DiPalma in a report.
"Maven Smart System is Palantir's battlefield situational awareness platform that aggregates data from a multitude of sources to present a common operating picture. It is being widely deployed by U.S. forces. The NATO announcement emphasized how the software procurement was one of the fastest in NATO's history, reflecting the critical need to acquire the software."
On the stock market today, Palantir stock rose 4.6% 92.66 in midday trading.
"While the terms of the deal were not disclosed and is set to be operational within the next 30 days, this was another win for Karp & Co. as more federal customers turn to Palantir for improved AI capabilities on the military front which is starting to heat up," said Wedbush analyst Daniel Ives in a report.
In 2025, Palantir stock had climbed 17% as of Friday's market close. However, shares are down over 30% from an all-time high of 125.41 on Feb. 19.
Palantir stock has forged a 98.17 entry point from a double-bottom base.
One concern for Palantir stock has been possible Department of Defense budget cuts and exposure to U.S. Army contracts.
Palantir has provided data analytics tools to government customers for intelligence gathering, counterterrorism and military purposes. Also, Palantir aims to use generative AI to spur growth in the U.S. commercial market, such as health care and financial services.
In 2024, Palantir stock popped 340%, with much of the gain coming after Donald Trump's Presidential election win.
Palantir Stock: Technical Ratings
Palantir stock holds a Composite Rating of 99 out of a best-possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.
PLTR stock holds an Accumulation/Distribution Rating of B. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.
Further, Palantir is among AI stocks to watch.
Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.
