Palantir Technologies Inc. ( PLTR ) shares are trading higher on Wednesday.

According to Benzinga Pro, PLTR stock has gained over 47% in the past year. Investors can gain exposure to the stock via REX AI Equity Premium Income ETF ( AIPI ) and Global X Funds Global X Defense Tech ETF .

Today, the company inked a pact with Wendy’s Company Quality Supply Chain Co-op (QSCC) to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op.

QSCC is the independent purchasing cooperative for the Wendy’s System based in Dublin, Ohio.

“Together with Palantir ( PLTR ), we’re unlocking the inherent power of the supply chain ecosystem to drive new and compelling sales and operating efficiencies that will provide Wendy’s with a distinctive edge in the industry,” said Pete Suerken, QSCC President and CEO.

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Palantir ( PLTR ) has established partnerships throughout the food industry and has a demonstrated history of enhancing operations and supply chains with AI-driven solutions.

This partnership will advance QSCC toward a fully integrated Supply Chain Network, unlocking opportunities for AI-driven, automated workflows and a future-connected ecosystem of Wendy’s suppliers, distributors, and restaurants.

By evolving QSCC into a digitally advanced organization, cost savings and efficiencies will be realized, benefiting all Wendy’s operators it supports. As the second largest purchasing cooperative in the Quick Service Restaurant (QSR) industry, QSCC services over 6,400 Wendy’s restaurants across the U.S. and Canada.

“Our AI operating system powers many of America’s most important companies, giving them a technology-driven competitive advantage, and we are excited to continue to grow in the QSR sector with this iconic brand and an ambitious vision,” said Ted Mabrey, Head of Global Commercial at Palantir ( PLTR ).

Price Action: PLTR shares are trading higher by 1.69% to $27.04 premarket at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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