Why Are Palantir Shares Trading Higher On Wednesday?

by | Feb 25, 2026 | General

Palantir Technologies Inc. (NASDAQ:PLTR) shares are surging on Wednesday after GE Aerospace (NYSE:GE) announced a partnership with the AI data analytics company to power a new U.S. military contract awarded by the Defense Logistics Agency.

The contract, announced on Tuesday, tasks GE Aerospace with increasing readiness for the J85 engine — which powers the Air Force’s primary training aircraft, the T-38. Palantir is named as a key partner in the deal.

What The Deal Involves

Under the agreement, GE Aerospace and Palantir will apply AI-driven digital logistics to improve fleet management and supply chain performance.

The platform uses artificial intelligence and advanced data analytics to consolidate disparate data across the U.S. Air Force, Defense Logistics Agency, and GE Aerospace — predicting when parts will be needed and identifying emerging supply chain constraints.

The initial contract spans seven months with a four-year, five-month option period immediately following. This marks GE Aerospace’s first TrueChoice Defense digitally enabled contract for the J85 engine.

Bounce From A Bruising Week

The surge comes after a turbulent stretch for Palantir. On Tuesday, PLTR shares were sliding into Tuesday’s session amid competitive, governance, and legal pressures, including a $17.2 million private-jet reimbursement for CEO Alex Karp and ongoing litigation with AI startup Percepta.

Technical Analysis

Palantir is trading 3.5% below its 20-day SMA and 21.1% below its 100-day SMA, keeping the intermediate trend pointed down even as the stock tries to stabilize.

Shares are up 54.33% over the past 12 months, but the current price sits closer to the 52-week low than the 52-week high, highlighting how much ground it has been trying to reclaim since the peak.

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for Palantir Technologies, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Neutral (Score: 61.39) — The stock is showing moderate trend strength, but it’s not in clear “leader” territory.
  • Value: Bearish (Score: 1.79) — The valuation profile screens as very expensive versus typical peer benchmarks.
  • Growth: Bullish (Score: 98.7) — The market is rewarding the company for strong growth expectations versus most stocks.

PLTR Price Action: Palantir Technologies shares were up 4.47% at $134.59 at the time of publication on Wednesday, according to Benzinga Pro data.

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