Palantir Technologies (PLTR) and Nvidia Join Forces to Enhance AI-Driven Logistics

Palantir Technologies (NASDAQ:PLTR) is one of the best stocks to invest in, according to billionaire D.E. Shaw. On October 28, Nvidia and Palantir Technologies (NASDAQ:PLTR) announced a partnership aimed at improving decision-making in logistics and other complex operations.

Palantir will integrate Nvidia’s chips and software into its platforms, allowing businesses to process data from various systems, like staffing and inventory, in real time. The collaboration was revealed at a Washington conference, with a focus on helping companies navigate disruptions such as storm-related shipping delays.

Using Nvidia’s AI tools, Palantir can offer optimized shipping routes and cost-effective solutions based on regional demand. While financial terms weren’t disclosed, executives from both companies emphasized the value of combining Nvidia’s processing power with Palantir’s ability to structure corporate data. The goal is to enable faster, more accurate decisions that reflect current business conditions.

Palantir continues to draw analyst attention. On October 29, Wedbush’s Daniel Ives reaffirmed a Buy rating with a $200 price target. A day earlier, Citi’s Tyler Radke raised his target to $190 but maintained a Neutral stance, citing strong Q3 expectations tempered by tough comps from the prior quarter.

Palantir Technologies (NASDAQ:PLTR) is a software company that provides platforms to help organizations integrate, manage, and secure large datasets for human-driven analysis. Its two primary platforms are Gotham, used by government and defense agencies for intelligence and defense operations, and Foundry.

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.