Palantir Technologies (PLTR) and Snowflake (SNOW) have announced a strategic partnership aimed at enhancing data modernization for artificial intelligence applications. This collaboration is designed to assist businesses in both the commercial and public sectors in developing advanced data pipelines, facilitating quicker analytics, and deploying AI solutions.
Stock Market Reactions
Following the announcement, Palantir’s stock increased by 1%, trading at approximately $181.50, edging closer to its buy point of $185.75. In a broader context, Palantir’s stock has surged by 139% in 2025. Meanwhile, Snowflake’s shares rose by 3.8%, approaching a flat-base entry point of $249.99, with an impressive year-to-date increase of 53%.
Current Partnerships and Applications
The partnership is already making strides, as both companies, notably collaborating with Eaton, a power management entity, seek to create trusted data solutions. By leveraging generative AI, Palantir aims to bolster growth in various sectors, including healthcare and financial services.
Palantir and Snowflake Overview
- Palantir Technologies: Provides data analytics tools primarily for government applications, including intelligence and military use.
- Snowflake: Offers cloud-based data management solutions, directly competing with Databricks.
Technical Stock Ratings
According to IBD Stock Checkup, Snowflake holds an impressive Composite Rating of 97 out of a maximum of 99. It also maintains an Accumulation/Distribution Rating of B, indicating moderate institutional buying. In contrast, Palantir boasts a perfect Composite Rating of 99 and a C-plus Accumulation/Distribution Rating.
This partnership underscores the growing interest in AI-driven data solutions, reflecting the market’s confidence in Palantir and Snowflake’s strategic direction. As these companies advance in capabilities, they are well-positioned to capture a larger market share in the technology sector.
