Shares of Palantir Technologies Inc. PLTR, +5.22% powered up 6.6% in premarket trading Tuesday, putting them on track to reach a 17-month high. The software company announced earlier the launch of Palantir Foundry for Manufacturing on Amazon Web Services (AWS), which Palantir said helps manufacturers address challenges of fragmented data systems with high barriers to access data, by allowing users to merge industrial data, decisions and operations.
Palantir's stock surged toward a 17-month high after launching an AI-powered data integration offering for manufacturers