12 AI Stocks Making Waves on Wall Street Today

Page 3 of 11

9. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On Tuesday, May 20, Palantir announced entering into an AI-powered partnership with Divergent Technologies, Inc. to revolutionize on-demand advanced manufacturing. The agreement aims to provide access to Divergent’s advanced manufacturing system through Palantir’s Warp Speed platform for defense and commercial applications.

Through the partnership, Palantir will be able to offer its defense and commercial customers seamless access to Divergent’s digital manufacturing capabilities, such that they will be able to proactively identify emerging supply chain vulnerabilities in production environments and rectify them. DAPS is an AI-driven end-to-end engineering design and manufacturing system that develops faster to develop, cost-effective, and higher-performance structures.

“Divergent is a trailblazer in the new industrial revolution that is sweeping the US. The Divergent Adaptive Production System is a mind-bending example of what’s possible when the world’s most advanced software fuses with the world’s most advanced manufacturing. We are proud to support Divergent’s innovative operations with Warp Speed as it scales in ambition and impact.”

-Shyam Sankar, Palantir CTO.

Page 3 of 11