Overview
- Palantir announced a partnership with NVIDIA on Monday to run NVIDIA’s Nemotron open models inside air‑gapped sovereign environments so government and critical‑infrastructure customers can train and deploy models without exposing raw data.
- The U.S. Army selected Palantir Foundry for its Next Generation Command and Control program, a high‑priority modernization effort that could supply multi‑year defense revenue.
- Palantir’s Q1 2026 results showed roughly $1.63 billion in revenue, 206 deals of at least $1 million and management raised full‑year revenue guidance to about $7.65 billion, supporting a large multibillion backlog.
- The NVIDIA tie‑up and defense visibility sparked a multi‑day share rebound of roughly 8–19% and prompted analyst actions, including D.A. Davidson’s upgrade to Buy with a $175 target.
- Despite the momentum, the stock still trades well below its late‑2025 peak at elevated valuation multiples and investors will be watching conversion of the backlog, margin retention, and risks from dependence on third‑party models and regulatory reviews.