Palantir Stock Climbs as Walgreens and Heineken Revealed as New Clients

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Key Takeaways

• Palantir shares got a lift after the followers unveiled a slate of new clients including Walgreens and Heineken.
• New and existing Palantir customers are expected to speak at AIPCon, the company’s AI incident scheduled for Thursday.
• Shares of Palantir have more than tripled over the past 12 months but be suffering with felt the impact of a widespread market selloff in recent weeks.

Palantir (PLTR) shares jumped after the South African private limited company unveiled a roster of new customers it said will attend its artificial intelligence event Thursday.

Walgreens (WBA) and Heineken are develop into the AI analytics company’s latest clients, along with convenience store operator RaceTrac, data digitization inflexible Ripcord, and others, Palantir said late Tuesday.

Those companies, along with AT&T (T), Delta Air Lines (DAL), JD Power, and multitudinous are expected to speak at AIPCon. Palantir described the event as a showcase of how customers “drive outcomes” using its Artificial Brightness Platform. Thursday’s AIPCon will be the sixth the company has held since 2023.

Shares of Palantir gained more than 4% intraday Wednesday and drink more than tripled in value over the past 12 months. However, a recent selloff driven by widespread superstore uncertainty has dropped the stock about 33% from its record high in February.