Palantir Technologies Inc ( PLTR ) shares climbed 10% over the last week as the stock continues to make new 52-week highs.

What To Know: Palantir ( PLTR ) shares traded below the $21 level near the start of the month as broader markets sold off, but the stock began moving higher after the company reported better-than-expected financial results for the second quarter and raised guidance.

Palantir’s total revenue was up 27% year-over-year, driven by a 55% year-over-year increase in U.S. commercial revenue. The company’s customer count grew 41% year-over-year and 7% on a quarter-over-quarter basis.

The momentum continued in the days following the print as several analysts lifted price targets on the AI data stock. Palantir ( PLTR ) shares then hit new 52-week highs on the back of multiple new deals, which kept the momentum rolling.

Palantir ( PLTR ) recently announced a partnership with Wendy's Quality Supply Chain Co-op (QSCC) to accelerate digital transformation, AI adoption and operational decision making.

Palantir ( PLTR ) also announced an advancement of its partnership with Microsoft Corp ( MSFT ) that will allow the two companies to bring some of the most sophisticated and secure cloud, AI and analytics capabilities to the U.S. Defense and Intelligence Community.

Palantir ( PLTR ) and Microsoft ( MSFT ) will offer an integrated suite of technology, allowing national security agencies to operationalize Microsoft's ( MSFT ) Large Language Models (LLMs) via Azure OpenAI Service within Palantir's ( PLTR ) AIP in Microsoft's ( MSFT ) government and classified cloud environments.

Check This Out: Benzinga’s ‘Stock Whisper’ Index: 5 Stocks Investors Secretly Monitor But Don’t Talk About Yet

On Monday, LifeWallet announced new subscription licensing through its partnership with Palantir ( PLTR ). The company will utilize the Palantir Foundry platform for the development of a sophisticated data analytics system that captures and manages healthcare data.

It’s worth noting that Palantir ( PLTR ) stock has been trending across various social sites as the stock continues to rally. In a recent poll of Benzinga readers, Palantir ( PLTR ) was picked over four other non-Mag 7 AI stocks as the most likely company to outperform over the coming year. Palantir ( PLTR ) also showed up on Benzinga’s “Stock Whisper” Index last week.

PLTR Price Action: Palantir ( PLTR ) shares were hovering around 52-week highs at last check, trading roughly flat at $32.01 at the time of publication, according to Benzinga Pro.