Palantir shares rise after Nvidia partnership for government AI

Shares of Palantir Technologies rose more than 3% on Monday to $116.45, extending a rebound that included a 5.3% gain on Friday. The stock fell about 25% in June and is down roughly 30% year-to-date in 2026.

Palantir and Nvidia announced a strategic initiative to integrate Nvidia’s AI platform and Nemotron models with Palantir’s infrastructure products. The companies said the effort will create a secure “intelligent engine” for training and deploying AI models for U.S. federal agencies and critical infrastructure operators.

The platform is designed for mission-critical deployments that require tight control over sensitive data. Palantir noted the system will include explicit data authorization, secure perimeter enforcement, customer-specific isolation, data portability, the right to erase data and full auditability to help agencies meet regulatory and security requirements.

Palantir CEO Alex Karp stated, “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 and rational concerns around proprietary insights migrating into the weights of closed models.”

Technical indicators for Palantir remain under pressure after the recent selloff. The 50-day moving average sits near $136 and the 200-day moving average is about $158.60. The 50-day moved below the 200-day in February, creating a “death cross.” Momentum measures such as the MACD remain below their signal lines and the histogram is negative.

Separately, Palantir and Surf Air Mobility said they will expand a commercial partnership to accelerate the rollout of SurfOS. The companies plan to add engineering and go-to-market resources to speed deployment of OperatorOS, OwnerOS and SurfOS Enterprise Solutions. SurfOS is powered by Palantir’s Artificial Intelligence Platform and Foundry and follows the commercial launch of BrokerOS and a multi-million-dollar BrokerOS agreement between Surf Air Mobility and Wheels Up.

The Nvidia collaboration follows earlier work between the two companies and comes after Palantir’s June pullback. Monday’s gain ended a seven-day losing streak that began in mid-June.