Palantir and L3Harris partnership drives both stocks to record highs

From Stocktwits: 2024-10-25 12:54:22

L3Harris Technologies stock soared over 4% to reach a two-year high of $258.89 after announcing a partnership with Palantir Technologies. Palantir’s stock surged nearly 3% to hit a record high of $45.07 following the collaboration. The partnership aims to enhance military decision-making by combining L3Harris’ sensor expertise with Palantir’s Artificial Intelligence Platform (AIP). Projects with the U.S. Army, like the TITAN program, will use AI to improve situational awareness. Palantir’s market value nears $100 billion, with third-quarter earnings scheduled for announcement. Retail sentiment remains bullish for both companies with L3Harris stock up 21% this year.



Read more at Stocktwits: Palantir Stock Reaches Record High On Strategic Deal With L3Harris, Driving Retail Buzz