Palantir Technologies shares held steady at $165.34 in early New York trading Thursday, following news of a multi-hundred-million-dollar, multi-year enterprise software deal with HD Hyundai, according to a source familiar with the matter. Palantir declined to comment on the deal’s specifics. The stock fluctuated between $165.04 and $169.94 as the Nasdaq-tracking Invesco QQQ rose about 0.3%. Meanwhile, Datadog jumped roughly 6%, with Snowflake and C3.ai posting modest gains. This agreement builds on work begun in 2021, with both companies noting Palantir’s software accelerated HD Hyundai’s shipbuilding by around 30%. CEO Alex Karp described himself as “very bullish” on Korea and said, “The demand for our product in America is greater than we can satisfy.”
