Overview
- Palantir shares climbed from about $63 to a 2025 peak near $207, recently trading around $191, reflecting powerful momentum this year.
- Palantir, Nvidia and CenterPoint launched Chain Reaction, a platform designed to streamline how power is sourced and delivered to AI data centers.
- CenterPoint plans to use the software to speed grid connections, and Nvidia intends to leverage it to support deployment of its AI infrastructure across the U.S.
- Deloitte estimates U.S. AI data center electricity demand could jump from roughly 4 gigawatts in 2024 to about 123 gigawatts by 2035, underscoring the scale of the opportunity.
- Palantir beat quarterly estimates with EPS of $0.21 and revenue of $1.18 billion, and it raised guidance, while rival BigBear.ai posted a Q3 revenue decline to $33.1 million despite turning a $2.5 million profit.