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Palantir Technologies (PLTR) has entered a multi-year, multi-million-dollar strategic partnership with Lumen Technologies (LUMN) to facilitate faster and more secure deployment of artificial intelligence for enterprises. The integration of Palantir’s Foundry and AI Platform with Lumen’s Connectivity Fabric aims to simplify AI adoption across multi-cloud environments.
The partnership marks a significant step for both companies in enhancing their market positions, with Palantir focusing on expanding its AI capabilities in commercial markets and Lumen reinforcing its role as a digital networking provider. Financial details have not been disclosed, but both firms are set to drive enterprise-level AI transformation.
As of now, PLTR’s stock has risen 139% year-to-date, notably outperforming the industry, which has seen a 19% increase.
Palantir trades at a forward price-to-sales ratio of 80X, compared to the industry’s 5.6X. The Zacks Consensus Estimate for PLTR’s 2025 earnings remains unchanged.
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