Why Palantir Stock Was a Winner on Wednesday

Data-mining and analytics specialist Palantir Technologies (NYSE: PLTR) was a fine stock to own on Wednesday. The company's shares rocketed more than 5% higher on the happy news of a contract with one of the top automakers in the world.

Early that morning, Palantir said it has forged a new deal with Stellantis (NYSE: STLA), the big global auto manufacturer. Under the terms of the arrangement, Stellantis will implement the Palantir Foundry operating system (OS) throughout its business. Palantir Foundry is an OS-designed system to integrate the vast and disparate sources of data from an organization into a single system. 

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Source Fool.com