Palantir Stock Hits Record High Following Defense Deal with Poland

Palantir Technologies (PLTR) surged to a new intraday peak of $192.83 before closing 2.5% higher at $189.18 on Monday, extending its year-to-date rally beyond 150%. The momentum comes ahead of its Q3 earnings report on November 3 and follows a strategic letter of intent with Poland’s Ministry of Defense for AI-driven battlefield management systems.

Defense Minister Wladyslaw Kosiniak-Kamysz and CEO Alex Karp finalized the agreement, which focuses on data analytics and cybersecurity—though financial terms remain undisclosed. The deal underscores Palantir’s expanding foothold in European defense logistics, where its AI platforms already handle operational planning.

Broader Optimism in AI and tech sectors, fueled by progress in U.S.-China trade talks, further buoyed the stock. Investors continue to favor defense-tech hybrids, with Palantir emerging as a critical player at the intersection of artificial intelligence and national security.