10 Firms End Stronger on Tuesday

3. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies jumped by 6.24 percent on Tuesday to finish at $98.40 apiece as investors cheered news of the company’s bagged deal with the NATO Communications and Information Agency (NCIA) to adopt its Maven Smart System for artificial intelligence-enabled battlefield operations.

Under the contract, the NCIA would utilize the AI system Maven Smart System to support the transatlantic military organization’s Allied Command Operations strategic command.

In a statement, NCIA General Manager Ludwig Decamps said that the deal was focused on “providing customized state-of-the-art AI capabilities to the Alliance, and empowering our forces with the tools required on the modern battlefield to operate effectively and decisively.”