1216 ET - NATO's recent purchase of Palantir's Maven system shows European governments are further accelerating AI initiatives alongside their U.S. counterparts, Wedbush analysts say in a research note. The company appears positioned to gain from the AI focus in both regions and will likely see a bigger market share in U.S. federal defense spending as the government continues its efficiency aims, the analysts say. Palantir is "in the sweet spot to benefit from a tidal wave of federal spending on AI across North America and Europe," the analysts say, adding the company's unique software approach makes it well-positioned to benefit in a more disciplined spending environment. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 12:17 ET (16:17 GMT)
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