Palantir's stock has hit turbo mode. In the last month alone, shares surged by some 25%, helping the AI and analytics company reach a market cap north of $411 billion.
HP Inc is shifting its focus towards AI-infused products that can drive growth, despite its traditionally mature business model. Launching products like the EliteBook Ultra and OmniBook X, HP aims to tap into new tech opportunities.
Palantir's government line of business accounts for more than half of its revenue, with existing contracts between the AI firm and the U.S. Department of Defense, ICE, among others.