PLTR Stock Alert: Palantir Announces AI Event
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Palantir Technologies (NYSE:PLTR) the stock is a hot topic among traders on Friday after the big data company announced an AI event.
According to a press release from Palantir, the company will hold its AIPCon customer conference on June 1, 2023. The conference will begin at 12:30 p.m. EST next Thursday and will be available via a live stream of the event.
Palantir notes that CEO Alex Karp will open the conference and discuss the company’s AI plans. This includes a deeper look at its latest release of Palantir AIP and AI in Foundry. He wants to focus on the rapid adoption of Palantir AIP.
In addition, several potential and current Palantir customers will also be presenting at the conference. Cisco (NASDAQ:CSCO), Cleveland Clinic, Health HCA (NYSE:HCA), Jacobs, J.D. PowerAnd Panasonic Energy of North America will all have representatives giving speeches at the conference.
Movement of PLTR stocks
Shares of PLTR climb higher on Friday as some 32 million shares change hands. This is approaching its average daily trading volume of 46 million shares. It also has the company’s stock up 7.7% on Friday morning. Investors are likely to see an additional rally when the conference takes place next week.
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As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.