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Palantir Technologies Inc. (NASDAQ:PLTR) shares are climbing Monday. The rally follows a mix of geopolitical relief and significant military contract news.
Trump Signals Military De-Escalation
The broader market recovered after President Donald Trump signaled a five-day pause on planned U.S. strikes. Trump described recent discussions with Iranian officials as “very good and productive” via Truth Social. This follows a tense weekend involving an ultimatum regarding the Strait of Hormuz.
Pentagon Solidifies Maven AI Program
Contextualizing the gains, Reuters reported Friday that the Pentagon will formally adopt Palantir’s Maven Smart System. Deputy Secretary of Defense Steve Feinberg issued the directive on March 9. The move locks in …
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