Palantir (PLTR.US) has reached a strategic partnership with Rackspace (RXT.US), causing the latter's stock price to surge over 216%.

Palantir (PLTR.US) announced on Wednesday that they have reached a strategic partnership with Rackspace (RXT.US). The two companies will accelerate the deployment and operation of Palantir's analytics and AI-driven software through a combination of hybrid cloud and artificial intelligence solutions. As of the time of publication, Rackspace has surged over 216% to $132, while Palantir has risen over 5% to $140. According to the partnership arrangement, Rackspace will serve as an important partner for Palantir in data migration and global implementation, running Palantir software in their private cloud and UK sovereign data centers to meet the strict requirements of regulated industries in data sovereignty and compliance. Both parties stated that this collaboration can shorten the deployment cycle of AI use cases from "months or even years" to "weeks or months." Sameer Kirtane, Head of Palantir's U.S. commercial business, pointed out that adopting Palantir's AI operating system can significantly change a company's unit economic model, with project cycles in complex data environment migrations shortened from "years to days." At the same time, Mizuho upgraded Palantir's rating from "neutral" to "outperform the market" and maintained a target price of $195. Analyst Gregg Moskowitz stated that the rapid growth of Palantir's U.S. commercial business and increasing demand for AIP make Palantir more attractive in the long-term trends of AI and digital transformation, with a more appealing risk-return profile.