Palantir Stock Jumps on Pentagon AI Win, but Morgan Stanley Warns There’s Little Room for Error
Palantir Technologies shares climbed $6.22 to $156.90 on Monday after the Pentagon moved to formalize its Maven AI system and Wedbush reiterated a bullish outlook. Deputy Defense Secretary Steve Feinberg ordered Maven to become a program of record by fiscal year-end, shifting oversight to the Pentagon’s AI office. Morgan Stanley maintained an equal-weight rating, citing high valuation but noting strong demand and growth in Palantir’s commercial business.