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Hyundai is expanding its partnership with Palantir Technologies Inc. to enhance data integration and operational efficiency across its affiliates. This multi-year collaboration will utilize Palantir's Foundry and AI Platform beyond initial sectors like refining and shipbuilding, now including electric systems, robotics, and marine services. The initiative aims to drive digital transformation, improve decision-making through automation, and optimize maintenance planning and supply chain management.
The data analytics company will release its year-end results early next month.
Palantir (PLTR) stock fell below $170 amid broader market concerns linked to geopolitical tensions from President Trump's comments on Greenland. RBC analyst Rishi Jaluria maintains an Underperform rating with a $50 price target, suggesting a potential 70% downside. He cites competitive pressures and doubts about Palantir's growth sustainability. While the consensus among analysts leans slightly bullish with an average price target of $192.88, the market remains cautious, with 10 analysts rating it Hold, 2 Sell, and 5 Buy.
Palantir CEO Alex Karp says humanities jobs are doomed in the age of AI: 'Hopefully you have some other skill'
Palantir (PLTR) shares fell approximately 3% in pre-market trading, attributed to investor reactions to President Trump's disputes with European leaders and heightened scrutiny of defense contracts. The UK minister confirmed that military data managed by Palantir is still under the Ministry of Defence's control. Year-to-date, PLTR stock has decreased by about 4%.
