Palantir: Palantir Stock Is Up 55% YTD Heading Into Earnings Next Week: What's Going On?

Palantir Technologies Inc (NASDAQ:PLTR) stock is trading higher Wednesday, despite broader market weakness. The relative strength may be driven by continued momentum following a wave of new defense deals, as well as rising investor interest ahead of its upcoming earnings report on May 5.What To Know: Palantir is building battlefield systems through the TITAN program, developed with defense giants like Northrop Grumman and Anduril. Palantir said it delivered its first two TITAN systems to the U.S. Army last month.Palantir also announced in a social media post about two weeks ago that it entered into a new partnership with NATO Allied Command Operations (ACO) to provide AI-enabled warfighting technology.The company's Maven Smart System is expected to empower warfighters ...Full story available on Benzinga.com