Palantir: Palantir Technologies Inc. (PLTR) Announces Strategic Partnership With Everfox- Analysts Watching Closely

In This Article: We recently published a list of the 10 AI Stocks Making Headlines This Week. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other AI stocks that are making headlines this week. China is aggressively working to close the AI competitiveness gap with the United States. According to the CEO of Chinese startup 01.AI Lee Kai-fu, the country is now as close as three months in some areas. This is because companies such as DeepSeek have figured out how to use chips and apply algorithms more efficiently. Lee has told Reuters that startup DeepSeek has said that China has pulled ahead in areas such as infrastructure software engineering, severely challenging the US's attempts to hold back China's AI sector through its sanctions. READ ALSO: 11 AI Stocks Shaking Up Wall Street Today and 9 Trending AI Stocks Making Headlines Today . "Previously I think it was a six to nine month gap and behind in everything. And now I think that's probably three months behind in some of the core technologies, but actually ahead in some specific areas." At the same time, a report by MIT Technology Review reveals how 80% of China's newly built computing resources remain unused. "The growing pain China's AI industry is going through is largely a result of inexperienced players-corporations and local governments-jumping on the hype train, building facilities that aren't optimal for today's need." That said, energy is being wasted, data centers have become "distressed assets," but the country is doing all it can to stay ahead in the AI arms race. While sanctions from the US had been successful in curbing China's progress toward AI, they were only successful in the short term. The country has now learned to operate under constraints, developing its own algorithms and open-sourcing technologies to reduce reliance on Western technology. Some experts even assert that China's open-sourcing strategy may become strong enough to challenge the West's model of AI monetization. "The fact that DeepSeek are able to figure out the chain of thought with a new way to do reinforcement learning is either catching up with the U.S., learning quickly, or maybe even more innovative now." For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ( see more details here ). Palantir Technologies Inc. (PLTR) Announces Strategic Partnership With Everfox- Analysts Watching Closely A security technician installing a high-tech security system with multiple door locks. Palantir Technologies Inc. (NASDAQ: PLTR ) Number of Hedge Fund Holders: 63 Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On March 25, the company announced a strategic partnership with Everfox, a leader in cross-domain technology solutions. The partnership will provide enhanced cross-domain solutions for seamless connectivity and secure data sharing, where customers can improve joint command and control capabilities in classified network environments. The partnership, tested and deployed already with existing customers, will now be extending to additional clients with complex network and operational environment needs. Everfox will apply cross-domain solutions to Palantir's AI capabilities so that warfighters can rapidly process, decide, and react to real-time intelligence streamed from multiple sensors, platforms, and networks. It will also leverage Palantir's Mission Manager along with its cross-domain solutions so that customers can maneuver different software across complex classified networks. "We're proud to partner with Everfox to enhance the warfighter mission. Our combined efforts will provide our customers with transformative operational efficiency, ensuring they remain at the forefront of technological advancements in defense." Overall, PLTR r anks 9th on our list of AI stocks that are making headlines this week. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey . Palantir Technologies Inc. (PLTR) Announces Strategic Partnership With Everfox- Analysts Watching Closely