Business
Palantir Shares Rise After Expanded Nvidia Partnership and Fresh Analyst Upgrades Ahead of Earnings Day
Shares of Palantir Technologies climbed 1.26% on Wednesday, trading at $135.41 as of 11:55 a.m. EDT, up $1.69 on the day, as the AI software company continued building momentum from an expanded partnership with Nvidia and a series of positive analyst actions ahead of its upcoming second-quarter earnings report.
Palantir confirmed this week that it will report its second-quarter results after market close on Monday, August 3, giving investors a clear timeline for the company’s next major fundamental catalyst. Wall Street analysts currently expect Palantir’s second-quarter revenue to grow 80% year over year to approximately $1.8 billion, according to consensus forecasts.
An Expanded Nvidia Partnership Targets Government Deployment
Much of the recent positive momentum for Palantir traces back to an expanded collaboration with Nvidia, combining Nvidia’s AI computing platform with Palantir’s core product suite, including its Artificial Intelligence Platform, Ontology, Foundry and Apollo offerings. The expanded partnership is specifically designed to enable government agencies to deploy AI models within classified and air-gapped environments, while continually refining those models based on mission-specific feedback.
The offering builds on the earlier successful commercial launch of BrokerOS, along with a recent multi-million-dollar contract with Wheels Up to serve as the launch customer for Enterprise BrokerOS, further extending Palantir’s push into commercial applications beyond its traditional government and defense customer base.
Additional Commercial Partnerships
Beyond the Nvidia expansion, Palantir has continued announcing new commercial partnerships in recent weeks. The company recently expanded its existing partnership with Surf Air Mobility, committing additional engineering and go-to-market resources to accelerate development and commercial release of SurfOS, including its OperatorOS, OwnerOS and SurfOS Enterprise Solutions product lines.
Palantir has also announced a strategic partnership with SNP SE at the company’s Transformation World event, along with a new operating model framework developed jointly with Rackspace Technology aimed at supporting AI deployment in production environments.
Analysts Continue Raising Price Targets
Palantir’s stock carries a consensus Buy rating among analysts, with an average price target of $187.42, according to recent tracking data. Several firms have issued bullish updates on the stock in recent weeks. DA Davidson upgraded Palantir to Buy on July 2, raising its price target to $175. Rosenblatt has maintained a Buy rating with a $225 price target as of early June, while Wolfe Research upgraded the stock to Peer Perform in mid-June.
Some analysts have pointed specifically to Palantir’s ability to convert pilot programs into high-value, multi-year contracts as a key driver behind recent upward revisions to price targets, describing a feedback loop in which fundamental business growth continues to justify the stock’s premium valuation and attracts additional momentum-driven investment.
A Shift From Government Contractor to Enterprise Powerhouse
Recent reports have highlighted accelerating adoption of Palantir’s Artificial Intelligence Platform among Fortune 500 companies, a trend some analysts have characterized as shifting the broader narrative around Palantir from a primarily government-dependent contractor toward a more diversified enterprise software company. That shift has been central to the bullish case many analysts have built around the stock in recent months.
A Valuation That Continues to Draw Scrutiny
Despite the positive momentum, Palantir’s valuation remains a persistent point of debate among market participants. The stock currently trades at a price-to-earnings ratio of roughly 146.51 and at approximately 64 times sales, according to recent market data, levels that continue to draw scrutiny from more skeptical investors even as bullish analysts argue the company’s growth trajectory justifies the premium.
CEO Addresses Broader AI Concerns
Beyond the company’s specific business developments, Palantir Chief Executive Alex Karp has continued using public platforms to address broader societal questions tied to artificial intelligence. In a recent appearance on Mathias Döpfner’s “MD Meets” podcast, Karp warned that AI could become one of the biggest drivers of wealth inequality in the United States, describing the issue as “the biggest problem in this country.” Karp elaborated further on the dynamic, framing the AI-driven economic shift as a fundamental transformation with significant societal implications.
A Volatile Trading Pattern
Palantir’s stock has continued to exhibit significant day-to-day volatility even amid its broader upward trajectory this year. Shares gained 2.2% on Monday specifically in response to the earnings date announcement, an unusual reaction given that the news itself did not include any actual financial results. The stock has also experienced sharp single-day moves tied to other catalysts in recent weeks, including a roughly 9% single-day surge on July 1 following the initial announcement of Palantir’s strategic partnership with Nvidia, alongside a financial disclosure revealing that President Donald Trump holds a significant personal stake in the company.
Trading Range Reflects a Turbulent Year
Palantir’s stock has traded within a wide 52-week range between $106.37 and $207.52, according to recent trading data, reflecting substantial volatility throughout the year as investors have weighed the company’s strong revenue growth against persistent valuation concerns and periodic competitive pressure from major cloud computing providers expanding their own AI and data analytics offerings.
What Comes Next
With Palantir’s second-quarter earnings report now scheduled for August 3, investors are likely to focus closely on the company’s free cash flow generation as a key indicator of whether its premium valuation remains justified. Several market analysts have specifically pointed to free cash flow trends as the most important metric to watch when Palantir reports next month, suggesting that strong cash generation could reinforce the bullish case for the stock, while any signs of deceleration could reignite the valuation concerns that have periodically weighed on shares throughout 2026.
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Google Maps switches to ‘Lake America’ after Trump orders Lake Ontario rename
President Donald Trump signs an order renaming Lake Ontario to Lake America amid trade tensions with Canada.
Google Maps has begun displaying “Lake America” in place of Lake Ontario for users in the United States after President Donald Trump ordered the body of water renamed.
Google said the change began rolling out Saturday after the U.S. Geographic Names Information System (GNIS) formally updated the lake’s name from Lake Ontario to Lake America.
“Since we update Google Maps to reflect name changes in official government sources, which is GNIS for the U.S., people using Maps in the U.S. will see ‘Lake America,’ those in Canada will continue to see ‘Lake Ontario,’ and those outside of the U.S. and Canada will see both names,” Google said.
CANADA PLANS TARIFF RETALIATION AFTER TRUMP WARNS ITS LEADERS TO ‘FALL IN LINE’

US President Donald Trump displays a signed executive order in the Oval Office of the White House in Washington, DC, on Aug. 27, 2026. (Al Drago/The Washington Post/Bloomberg via Getty Images)
“These updates follow our long-standing policy for bodies of water with names that vary from country to country, and are starting to roll out now,” the company added.
White House communications director Steven Cheung highlighted the change on X on Sunday.
“It’s official! LAKE AMERICA on Google Maps,” Cheung wrote.
TRUMP SAYS 50% TARIFFS ON CANADIAN VEHICLE, STEEL IMPORTS TO HIT JAN 1

“Making the Great Lakes Even Greater” signage during an executive order signing in the Oval Office of the White House in Washington, DC, on Aug. 27, 2026. (Al Drago/The Washington Post/Bloomberg via Getty Images)
The update comes days after Trump signed an executive order Thursday directing the Interior Department to rename Lake Ontario to Lake America in the United States.
“The Lake will continue to play a pivotal role in shaping America’s future and the global economy,” Trump wrote.
“In recognition of this flourishing economic resource and its critical importance to our Nation’s economy and its people, I am directing that the Lake officially be renamed as Lake America.”
TRUMP PAUSES 50% TARIFFS ON CANADA HOURS BEFORE DEADLINE AFTER ANNOUNCING POTENTIAL DEAL

A Canadian flag flies along the Lake America waterfront in Toronto on Aug. 27, 2026. (Cole Burston / AFP via Getty Images)
The president’s decision also comes amid escalating trade tensions between Washington and Ottawa.
U.S. tariffs of 50% on about $20 billion worth of Canadian goods took effect Aug. 22 after trade talks collapsed.
Canada retaliated with tariffs on roughly $20 billion in U.S. imports that are set to take effect Sept. 8, according to Reuters.
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Google could not immediately be reached by FOX Business for comment.
Reuters contributed to this report.
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Trump blasts Canada over trade, accuses country of ‘ripping’ off US for decades
President Donald Trump says the U.S. can no longer absorb massive trade losses with Canada, dismissing concerns that the tariff fight could drive up costs for Americans ahead of the midterms.
President Donald Trump intensified his criticism of Canada on Sunday, accusing the country of “ripping” the U.S. off “for decades” as he defended his tariff policies and urged Canadian companies to move their operations south of the border.
In back-to-back Truth Social posts Sunday afternoon, Trump first credited tariffs with strengthening the U.S. auto industry and keeping American manufacturing plants open.
“When I announced that I was running in the 2024 Presidential Election, right at the beginning, Ford was getting ready to close their Big Factory, in Detroit,” Trump wrote.
Trump claimed the plant is now “running 24/7” and has become “one of the most profitable Car Plants in the World.”
CANADA PLANS TARIFF RETALIATION AFTER TRUMP WARNS ITS LEADERS TO ‘FALL IN LINE’

U.S. President Donald Trump is pictured during an event in the Rose Garden of the White House on Aug. 20, 2026, in Washington, DC. (Finn Gomez/Getty Images)
“There are many other examples, for both Ford, General Motors, and others. I’ve revived, and indeed saved, the Automobile Business in our America. That’s because of what I’ve done with TARIFFS,” he said.
Trump then shifted his focus to Canada, describing the longtime U.S. ally as one of the country’s “worst” trade offenders.
“One of the Worst Abusers is Canada. I don’t want Canadian cars, I don’t want Canadian parts, I don’t want Canadian anything. They’ve been ripping us off for decades, and it’s going to stop,” Trump wrote.
TRUMP SAYS 50% TARIFFS ON CANADIAN VEHICLE, STEEL IMPORTS TO HIT JAN 1

Canadian Prime Minister Mark Carney speaks at a press conference in Ottawa, Ontario, on Aug. 22, 2026, after trade talks with the US collapsed. (Dave Chan / AFP via Getty Images)
“This should have happened long ago with other Presidents, just as stopping Iran should have happened long ago,” he continued. “They want to be treated like a State, but they aren’t one. I deal with the Leadership of many Countries, but I find Canada to be the worst. They are entitled no longer!”
Minutes later, Trump followed up with another post urging Canadian companies that do business with the U.S. to relocate their operations south of the border.
“Let all Canadian Companies that are doing business with America move to the United States, immediately. Many of them are Companies that moved out years ago due to stupid U.S. Leadership. When you move back, there are no TARIFFS!” Trump wrote.
TRUMP FIRES BACK AT CANADA AFTER CARNEY SUSPENDS TRADE TALKS, ACCUSES US OF LAST-MINUTE ‘POWER PLAY’

Trump claimed the Ford plant is now “running 24/7” and has become “one of the most profitable Car Plants in the World.” (David Paul Morris/Bloomberg via Getty Images)
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The president’s comments come amid escalating trade tensions between the two longtime allies.
U.S. tariffs of 50% on about $20 billion worth of Canadian goods took effect Aug. 22 after trade talks collapsed. Canada retaliated with tariffs on roughly $20 billion in U.S. imports that are set to take effect Sept. 8, according to Reuters.
The White House, Canadian Prime Minister Mark Carney’s office, Ford Motor Co. and General Motors did not immediately respond to requests from FOX Business for comment.
Reuters contributed to this report.
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Miller Industries Isn’t Cheap Enough To Justify An Upgrade (NYSE:MLR)
Daniel is an avid and active professional investor.
He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Meta Stock: AI Strategy Is Misunderstood By The Market (NASDAQ:META)
I am a full-time equity analyst and the co-founder of Mina Vista Capital Management, a hedge fund that my business partner, William Hazen, and I started. I look for long-term investment opportunities with a focus on fundamentals. I’ve done extensive research on industries such as SaaS, technology, semiconductors, luxury, and like to analyze new theses that emerge. I find discussions with other analysts, especially when we hold opposing views, very constructive to both of our theses. If you have a different view on any of the companies I cover, send me a message on X and my business partner and I will be happy to discuss.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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