Palantir stock rises from partnership with Databricks

Palantir's stock rose 1.6% after a three-week decline, aided by a new partnership with Databricks, a competitor backed by Nvidia. This collaboration combines their AI technologies, potentially expanding their market reach. Databricks saw an 8.3% increase, contributing to a broader tech market rally. Both companies have contracts with the U.S. government and aim to capture market share from traditional data platforms. Palantir also announced six new customers for its Warp Speed manufacturing system, further supporting its stock performance. The partnership with Databricks is expected to benefit both companies in the competitive landscape.