Friday, February 23, 2024
Stock Market

PLTR Stock: Palantir Announces Sponsorship of Inaugural AI Expo

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Palantir Technologies (NYSE:PLTR) stock is in the news Tuesday after the big data company announced it will sponsor the inaugural AI Expo for National Competitiveness.

With Palantir already a hot topic among traders interested in artificial intelligence (AI), this news is welcome. The expo is set to take place from May 7 and May 8 at the Walter E. Washington Convention Center in Washington D.C.

The purpose of the AI expo is to bring together experts in the field for collaboration and conversation. That includes those in the private sector, the government, research institutions and other fields.

How This Affects PLTR Stock

Another focus of the event will be educating the public on the advantages of AI. The expo is free to attend, making it easy for the expo to pursue this goal. That will also likely benefit those in the space, including Palantir.

Shyam Sankar, Chief Technology Officer at Palantir, said this about the AI Expo for National Competitiveness.

“We’re excited to support this partnership as a platform to bring the latest AI technologies from across the country and create new opportunities across industry, government, and beyond in an all-of stakeholder approach to this critical mission.”

PLTR stock is down 3% as of Tuesday morning with more than 46 million shares changing hands. For comparison, the stock’s daily average trading volume is around 69 million shares.

Investors looking for all of the latest stock market stories are in luck!

We have all of the hottest stock market news ready to go on Tuesday! A few examples include what’s rallying BioNexus (NASDAQ:BGLC) stock, Meta Materials (NASDAQ:MMAT) stock regaining listing compliance and an update on Beamr Imaging (NASDAQ:BMR). You can check out all of this news at the following links!

More Stock Market News on Tuesday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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