Palantir, Lumen Partner in Multi-Year Deal Worth ~$200M to Accelerate Enterprise AI Deployment

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that should double in 3 years. On October 23, Lumen Technologies Inc. (NYSE:LUMN) and Palantir Technologies announced a new multi-year partnership designed to accelerate the secure and rapid deployment of AI within businesses.

The partnership will integrate Palantir’s foundry and AI platform with Lumen’s connectivity fabric, which is a digital networking solution for bridging the gap between advanced AI capabilities and high-performance network infrastructure required for enterprise AI transformation. Bloomberg reported that Lumen has agreed to spend ~$200 million on Palantir software over a period of several years.

Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the US, the UK, and internationally.

Lumen Technologies Inc. (NYSE:LUMN) is a networking company that provides integrated products and services to business and mass customers in the US and internationally

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.