By Mackenzie Tatananni
Palantir stock surged Monday following news that the North Atlantic Treaty Organization would use the company's artificial intelligence-enabled software to modernize its war-fighting capabilities.
Shares of Palantir Technologies climbed 6.5% to $94.28 in premarket trading as futures tracking the S&P 500 and tech-heavy Nasdaq 100 rose 1.4% and 1.8%, respectively.
The NATO Communications and Information Agency revealed it had completed an acquisition of Palantir Maven Smart System NATO at the end of March. The Maven system, which is also used by the U.S. military, leverages AI to collect and analyze large amounts of data in order to prioritize targets in battle.
NATO said it plans to use Maven to accelerate the adoption of novel AI solutions, including models and simulations that are in development across its 32 member states.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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April 14, 2025 09:14 ET (13:14 GMT)
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