Palantir stock gains strategic lift from new Nvidia AI partnership

Palantir Technologies Inc. stock (ISIN US69608A1088) is trading near USD 169 per share on Nasdaq as of September 9, 2026, supported by strong second-quarter growth and fresh artificial intelligence partnerships. As GuruFocus reported on September 10, 2026, Palantir has announced a strategic collaboration with Nvidia to deploy sovereign AI solutions into critical supply chains.

Strategic Nvidia deal underpins Palantir stock

On September 10, 2026, Palantir Technologies Inc. and Nvidia disclosed a collaboration that combines Palantir’s sovereign AI capabilities and ontology with Nvidia’s Nemotron open AI models to optimize complex supply chain operations, initially within Nvidia’s own manufacturing and logistics network. According to Business Wire on September 10, 2026, the partnership enables organizations to deploy the Palantir Sovereign AI Operating System Reference Architecture across cloud or on-premises infrastructure to optimize their own supply chains.

This Nvidia partnership arrives alongside other AI-related initiatives that broaden Palantir’s reach. On September 10, 2026, Palantir and Method Security launched the Cardinal Program, an autonomous cyber defense initiative that offers continuous security assessments for municipalities, utilities and critical infrastructure operators at no cost, leveraging Palantir Foundry, AIP and its Ontology for Cybersecurity. As GuruFocus noted on September 10, 2026, this Cardinal Program marks a strategic move to address rising cybersecurity threats against critical infrastructure in the United States.

Strong Q2 2026 growth and profitability metrics

Recent fundamentals provide investors with a clearer picture of Palantir’s growth trajectory. Palantir reported record-breaking revenue in the second quarter of 2026, with sales rising 93 percent year over year to USD 1.9 billion, marking its 12th consecutive quarter of accelerating growth. According to The Motley Fool on September 10, 2026, Palantir also reported non-GAAP net income increasing 215 percent to USD 0.41 per diluted share in Q2 2026.

The company’s operating metrics underscore its profitability profile. As Yahoo Finance highlighted on September 9, 2026, Palantir achieved an adjusted operating margin of 62 percent in Q2 2026 and a Rule of 40 score of 155 percent, reflecting a combination of rapid growth and strong profitability. For investors, the comparison with the prior year is striking: the 93 percent revenue increase and more than tripling of non-GAAP earnings indicate a business that is scaling quickly while maintaining high margins.

Segment data add another layer of detail. In its domestic market, Palantir’s U.S. commercial revenue surged 149 percent year over year to USD 764 million in Q2 2026, driven by broader adoption of its data analytics and AI platforms among enterprise customers. According to Yahoo Finance, this domestic commercial performance is a key contributor to the company’s accelerating overall revenue growth.

Analyst targets and valuation context

Analyst expectations and valuation metrics frame how the market is interpreting Palantir’s rapid expansion. As of September 10, 2026, The Motley Fool cited Wall Street estimates that Palantir’s adjusted earnings could grow at an annual rate of 56 percent through 2027, while noting that the stock trades at roughly 142 times current-year adjusted earnings, a valuation that some investors may view as demanding. According to The Motley Fool, among 36 analysts Palantir carries a median price target of USD 205 per share, implying about 20 percent upside from a current price level near USD 170.

Market data from other aggregators support a similar picture of moderate upside relative to intrinsic value estimates. On September 10, 2026, GuruFocus reported that its GF Value metric places Palantir’s intrinsic value at USD 176.51 per share compared with a current trading price of USD 169.53, suggesting the stock is around 4.0 percent below that proprietary valuation estimate. In addition, MarketBeat data cited in a September 10, 2026 alert show a consensus rating of Moderate Buy and a consensus price target of USD 192.19 for Palantir stock, with the shares opening at USD 169.53 in that session. According to MarketBeat, the combination of a Moderate Buy consensus and double-digit implied upside reflects constructive analyst sentiment.

At the same time, some investors remain cautious about Palantir’s valuation and broader market risks. For example, Futunn News reported on September 10, 2026 that investor Michael Burry has closed out put options on Palantir expiring in December 2026 while maintaining longer-dated bearish positions through 2027, indicating lingering concern about high-flying AI stocks, including Palantir.

Stock price, recent performance and trading context

Recent trading data on Nasdaq help quantify how Palantir stock is reflecting these developments. As of the close on September 9, 2026, MarketWatch shows Palantir Technologies Inc. at USD 169.60 per share, with an open price of USD 171.47 and a modest daily decline from the prior session. According to MarketWatch on September 9, 2026, the quote reflects a delayed Nasdaq price as of 7:03 p.m. Eastern Time.

A detailed historical series from Investing.com indicates that on September 9, 2026 Palantir shares closed at USD 169.53, down 0.45 percent on volume of 20.36 million shares, within an intraday range between USD 168.61 and USD 171.86. The data table published by Investing.com for the period around September 9, 2026 shows the prior close and percentage change, enabling investors to track short-term volatility.

While detailed 52-week high and low levels and current market capitalization values are not fully enumerated in the latest week-filtered sources, the available quotes suggest that the current price near USD 169 is below both the median analyst target of USD 205 and the GF Value estimate of USD 176.51. For retail investors, that gap between market price and valuation benchmarks, combined with Palantir’s rapid fundamental growth, frames the risk-reward profile of Palantir stock as of early September 2026.

Palantir stock at Nasdaq as of September 9, 2026

From a practical trading perspective, Palantir Technologies Inc. is listed on Nasdaq under the ticker PLTR, providing U.S. investors with high liquidity and real-time price discovery in U.S. dollars. As of September 9, 2026, the reference closing price of about USD 169.53 on Nasdaq serves as the latest completed session for Palantir stock, pending the outcome of trading on September 10, 2026.

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