Palantir Technologies has launched a new initiative called “Warp Speed for Warships” in collaboration with the U.S. Navy and BlueForge Alliance. This program aims to digitally transform the maritime supply chain and accelerate warship production using AI-powered platforms. The company has also secured additional defense contracts, including a $795 million increase in its Maven Smart System deal with the Pentagon. In the first quarter, Palantir reported strong financial results with revenue up 39% year-over-year. Analysts are divided on the stock, with some optimistic about its potential in the U.S. commercial sector, while others caution about its high valuation.

Read more at Yahoo Finance: Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy?