Palantir Stock Climbs on Nvidia Partnership, Ignores CEO’s Angry Diatribe

Quick overview

On Thursday, Palantir Technologies (PLTR) advanced 3% and received an analyst upgrade while CEO Alex Karp appeared on CNBC’s Squawk Box and angrily spoke on the state of the AI market.

Palantir outperformed the broad market as well as other stocks in the AI sector. The stock climbed to $129 per share, marking a full recovery from the recent dropoff. The company is benefitting from a new agreement with Nvidia (NVDA) that implements AI into sovereign environments used by infrastructures and government services.

This week, the company’s CEO went on television to speak about the company and the AI market. His interview on the Squawk Box descended into an angry rant that Karp said was channeling the spirit of the American business.   

Palantir Still a “Buy”?

Investment firm D.A. Davidson upgraded Palantir stock with a “buy” rating, moving it up from “Neutral”. The firm placed PLTR above Anthropic and OpenAI at a time when the companies are competing in a fierce market rivalry. The reason behind the upgrade was due to Palantir’s profit growth over the year so far, despite the stock falling about 29% from its January starting point.

The stock is currently trading below its 200-day and 50-day moving averages. Their last quarterly report, for the period ending in March 2026, showed revenue growth of 85% year-over-year. Their revenue growth just for the United States was 104% year-over-year.

Palantir’s stock value is primarily helped right now by their Nvidia partnership. Because Nvidia is the leading company globally in market capitalization, and their AI components are used extensively around the world, their partners benefit tremendously. Palantir enjoys a high profile in the public sector and are providing their products to the United States military as well as to nearly 1,000 other customers in the public and private sectors.

The U.S. Army chose Palantir to serve as their sole supplier for cloud data services, and they are implanting Palantir technology in a new drive to modernize their cloud data layer. The same Palantir Foundry powering that upgrade is also being used for Zeta Global and other customers, and Palantir is rapidly growing their public profile as a go-to source for advanced, essential AI services and technology.

As Palantir moved higher on Thursday morning, Nvidia (NVDA) slipped 0.96%, and Meta Platforms fell nearly 4%.

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Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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