Palantir Technologies (PLTR) shares rose more than 3% on Monday, extending a rebound after the company announced a new artificial intelligence partnership with Nvidia (NVDA). The stock closed at $116.45, adding to Friday's 5.3% gain, as investors responded positively to the deepening collaboration between the two firms.
Palantir and Nvidia to Build Secure AI for Government
The partnership will integrate Nvidia's AI platform and Nemotron AI models with Palantir's critical infrastructure products to create a secure “intelligent engine” for U.S. government agencies. The platform is designed to allow agencies to train and deploy AI models while maintaining full control over sensitive data, with features including data authorization, perimeter enforcement, customer-specific isolation, data portability, and auditability.
“Combining Palantir infrastructure with Nvidia's AI and Nemotron models will allow the US government to unleash the full power of LLMs while removing the underlying security risks,” said Palantir CEO Alex Karp. The announcement comes after a sharp pullback in Palantir's share price during June, when the stock fell 25% and was on track for its worst monthly performance in five years.
This is not the first collaboration between the two companies. For more on Nvidia's broader AI strategy, see Nvidia Rises 2% as Meta's Custom AI Chip Seen as Complement, Not Threat.
Surf Air Expansion Bolsters Commercial AI Push
Separately, Palantir and Surf Air Mobility (SRFM) announced an expansion of their commercial partnership to accelerate the rollout of SurfOS, a platform powered by Palantir's Artificial Intelligence Platform (AIP) and Foundry. The companies are adding engineering and go-to-market resources to speed deployment of OperatorOS, OwnerOS, and SurfOS Enterprise Solutions.
The expanded partnership follows the commercial launch of BrokerOS and Surf Air Mobility's recent multi-million-dollar Enterprise BrokerOS agreement with Wheels Up. SurfOS aims to modernize private aviation by helping operators, brokers, owners, and manufacturers improve efficiency and lower costs. The collaboration will also include deployment of AIP agents, positioning SurfOS as a central operating system for the private aviation and air mobility industry.
Technical Picture Remains Challenged
Despite Monday's rally, Palantir shares remain well below key technical levels. The stock has fallen 30% in 2026 amid broader concerns that advances in artificial intelligence could disrupt software companies. During a seven-day losing streak from June 16 to June 25, the shares broke below multiple support levels and slipped beneath both their 50-day and 200-day moving averages.
Palantir's 50-day moving average is near $136, while its 200-day moving average is around $158.6. The February “death cross,” when the 50-day moving average fell below the 200-day moving average, continues to weigh on the technical outlook. Momentum indicators remain subdued, with the Moving Average Convergence Divergence (MACD) indicator below its signal line and the histogram negative.
For context on Nvidia's competitive landscape, see Broadcom's Tomahawk 6 Targets Nvidia's Networking Stronghold in AI Data Centers.
Even so, Monday's gains suggest investors are responding positively to Palantir's expanding AI initiatives. The Nvidia partnership, coupled with the broader commercial expansion with Surf Air Mobility, provides fresh catalysts as the company seeks to regain momentum after one of its sharpest monthly declines in recent years.
This article is for informational purposes only and does not constitute financial advice.
