Palantir Technologies (PLTR) is experiencing a significant boost, driven by its recent strategic partnership with Red Cat Holdings. This collaboration is pivotal as it integrates Palantir's Visual Navigation (VNav) and Warp Speed operating system into Red Cat's Black Widow drones, enhancing their capabilities in reconnaissance missions. The partnership underscores Palantir's expanding role in the defense sector, particularly in AI-driven unmanned systems, a rapidly growing area within military technology. This move aligns with Palantir's broader strategy to leverage its AI platform across various sectors, including defense, thereby solidifying its position as a leader in AI solutions for the U.S. military.
The GraniteShares 2x Long PLTR Daily ETF (PTIR) is up 2.69% in pre-market hours on Tuesday, December 31, reaching $139.94 as of 7:00 AM ET.