New York, January 22, 2026, 10:19 EST — During regular session
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.” (Reuters)
The Hyundai deal is significant because it provides a concrete figure for what investors typically have to estimate: whether Palantir is securing major commercial contracts outside of Washington’s spending cycles.
This comes as investors begin zeroing in on the upcoming earnings season. Traders are wrestling with how much of Palantir’s growth stems from ongoing contract renewals versus a temporary spike that fades after initial deployments by major clients.
“Enterprise-wide” deals can be sticky — yet they tend to drag. When software spans multiple divisions, implementation usually takes time, pushing revenue recognition well behind the initial headlines.
Palantir sells software that consolidates data from various systems into a single platform and guides users toward actions, often incorporating automation and artificial intelligence. This software identifies patterns in the data to detect issues and recommend next steps.
Investors will be watching closely for one thing next: whether major customers are shifting from pilot programs to full-scale rollouts, and if those rollouts are generating steady revenue without severely impacting margins.
Enterprise data work faces tough competition. Customers have plenty of options and can easily delay spending if budgets shrink, even when tech teams are eager to move forward.
The risk for Palantir investors is clear: a stock valued on solid execution doesn’t handle mixed messages well. Any weaker guidance, slowdowns in turning pilots into full contracts, or changes in client spending could send shares tumbling fast.
The company has faced backlash over certain public-sector projects, a persistent issue that can surface unexpectedly and muddy its sales pitch beyond the U.S.
Investors are eyeing Palantir’s upcoming results for fresh insight into demand and deal activity. The company plans to release its fourth-quarter numbers Monday, February 2, after U.S. markets close, followed by a webcast at 5 p.m. ET. (Business Wire)
