New York, Jan 21, 2026, 10:24 (ET) — Regular session
- PLTR was steady around $168.53 in early trading
- Reuters reports the HD Hyundai deal could reach hundreds of millions spread over several years
- Accenture taps Palantir for EMEA “sovereign AI” data-center expansion
Shares of Palantir Technologies Inc barely moved Wednesday after Reuters reported the data analytics company inked an expanded software agreement with South Korea’s HD Hyundai. A source familiar with the deal valued it at hundreds of millions of dollars over several years. The stock slipped 0.02% to $168.53. Palantir declined to comment on the specifics. 1
Palantir’s Korea effort is key as it aims to shift from custom government contracts to steady commercial sales. Investors have been keen on software firms making headway with AI, yet they remain laser-focused on actual revenue impact.
Tuesday’s selloff slammed the brakes on sentiment, turning even “good news” into a tough sell. Headlines lacking solid numbers are struggling to move the needle in this rough tape.
HD Hyundai and Palantir announced an expansion of their partnership, extending the use of Palantir’s Foundry data platform and Artificial Intelligence Platform (AIP) across the entire conglomerate. This move builds on their collaboration that started back in 2021. HD Hyundai chairman Chung Kisun described it as a move to integrate data and workflows “into a single, cohesive system.” Palantir CEO Alex Karp called the expansion an “exciting new chapter.” The companies also revealed plans to launch a Center of Excellence for Foundry and AIP in the coming years. 2
Accenture said U.K.-based Sovereign AI has chosen it and Palantir to help develop and scale “sovereign AI” data centers across Europe, the Middle East, and Africa. The goal: keeping compute and data within local control for government and regulated clients. The project will rely on Dell’s AI Factory and Nvidia infrastructure. Palantir’s Chain Reaction software will manage the entire buildout, from power generation to deploying compute resources, according to Accenture. Palantir’s Kevin Kawasaki described Chain Reaction as “a key advantage in the buildout of AI infrastructure.” 3
Broader markets edged higher, with the S&P 500 tracker SPY climbing roughly 0.7% and the Nasdaq-focused QQQ gaining 0.7%. Accenture jumped 3.3%, and shares of Nvidia and Dell also moved up.
Tuesday saw the three main Wall Street indexes suffer their largest single-day declines in three months, triggered by President Donald Trump’s threat of new tariffs on several European nations amid his Greenland acquisition plans, according to Reuters. Jamie Cox, managing partner at Harris Financial Group, commented, “I would be surprised if there was a 3% to 5% drop this week.” 4
Investors remain in the dark about pricing, margins, and the speed at which these projects convert into booked revenue. Industrial rollouts often take a while to gain momentum. In a market rattled by policy uncertainty, that lack of clarity can weigh just as heavily as any press announcement.
Palantir announced earlier this month that it will report fourth-quarter results on Feb. 2, after U.S. markets close, with a webcast set for 5 p.m. ET. 5
The upcoming report is the next hurdle. Traders want to know if the Hyundai expansion shifts 2026 forecasts at all — and whether the Chain Reaction-related infrastructure projects are materializing into a real pipeline or just talk for Davos.
