5 Best Beaten-Down Technology Stocks to Buy Now

4. Palantir Technologies Inc. (NASDAQ:PLTR)

Year-to-Date Performance: -30.45%

Number of Hedge Fund Holders: 96

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best beaten-down technology stocks to buy now. On June 29, Palantir Technologies Inc. (NASDAQ:PLTR) entered into a strategic partnership with Nvidia to deliver an intelligence engine to run the latter’s open models in sovereign environments.

Under the terms of the agreement, Nvidia’s AI platform will be combined with Palantir’s critical infrastructure products, including AIP, Ontology, Foundry, and Apollo. The integrated offerings enable government agencies to train AI on their own data and retain full ownership of the resulting models. The new offering builds on a previously announced Sovereign AI Operating System Reference Architecture.

The integration of Palantir’s infrastructure with Nvidia’s AI and Nemotron models will allow US government agencies to unleash the full power of LLMs while eliminating any security risks. According to Nvidia founder and CEO Jensen Huang, the partnership will give government agencies a secure, customizable, and fully controlled foundation for building mission-critical AI systems.

Palantir Technologies Inc. (NASDAQ:PLTR) builds software platforms—such as Gotham, Foundry, and AIP (Artificial Intelligence Platform)—that act as central operating systems for large-scale data integration and analysis. It helps both government agencies and commercial enterprises synthesize fragmented data, make complex operational decisions, and safely deploy AI models on private networks.