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▲ Palantir (PLTR), Nvidia (NVDA), US Stock Market/AI Generated Image
Palantir Technologies (PLTR) rose 3% driven by its collaboration with Nvidia (NVDA) and an upgrade in investment opinion. However, a 29% drop in stock price and controversy over the CEO's remarks are further increasing tensions surrounding the leading AI stock.
According to financial media outlet FXLeaders on July 2 (local time), Palantir's stock price increased by 3% on Thursday. Investment firm D.A. Davidson's upgrade of Palantir's investment opinion from "neutral" to "buy" supported the stock's rebound. On the same day, CEO Alex Karp appeared on CNBC's Squawk Box and made strong critical remarks about the AI market.
Palantir is gaining attention for its new collaboration with Nvidia. The two companies are cooperating to apply AI in sovereign environments for government services and infrastructure, and this news served as the backdrop for Palantir's stock price to recover recent losses, climbing to $129. The media reported that Palantir showed a trend outperforming the broader market and other AI stocks.
Karp's remarks fueled controversy, but the market initially reacted more sensitively to the collaboration and performance growth. Karp stated that his remarks "represented the American business spirit." Investors seemingly placed more weight on the integration of AI infrastructure with Nvidia, public sector demand, and potential for improved performance, rather than the CEO's blunt rhetoric.
D.A. Davidson evaluated that Palantir could outperform Anthropic and OpenAI despite intense competition. The basis for the upgrade in investment opinion is this year's profit growth. However, Palantir's stock price is still about 29% lower than its starting point in January and remains below the 50-day and 200-day moving averages, indicating lingering technical burdens.
Performance indicators support growth expectations. Palantir's revenue for the quarter ending March 2026 increased by 85% year-over-year, and U.S. revenue grew by 104%. The company was selected as the sole provider of cloud data services for the U.S. Army, and Palantir Foundry is being utilized for the U.S. Army's cloud data layer modernization and customer projects such as Zeta Global.
However, it is difficult to say that Palantir's rebound has led to overall stability in the AI sector. On the same Thursday morning, Nvidia fell 0.96%, and Meta Platforms (Meta Platforms, META) dropped approximately 4%. While Palantir rebounded driven by its collaboration with Nvidia and public sector contracts, controversy over AI overvaluation and technical burdens on the stock price still remain variables that divide investor judgment.
[Article Key Summary]
-Palantir rose 3% driven by D.A. Davidson's investment opinion upgrade and expectations of collaboration with Nvidia.
-The stock price recovered to $129, but it is still about 29% lower than its starting point in January and remains below the 50-day and 200-day moving averages.
-Selection as the sole provider of cloud data services for the U.S. Army and 85% revenue growth are strengthening the grounds for a rebound.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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