Palantir Technologies Inc. ( PLTR ) shares are up this Thursday. Here’s what you need to know.

What To Know: A Barron’s report noted that Palantir ( PLTR ) co-founder and chairman Peter Thiel has completed selling the maximum number of shares under a trading plan he initiated in May. Thiel sold 12.412 million shares at an average price of $36.85 per share from September 27 through October 1 via Rivendell 7 LLC, leaving the entity with approximately 34.26 million shares. This sale was completed ahead of the December 31, 2025 deadline.

Palantir ( PLTR ) also announced a multi-year strategic partnership with Edgescale AI to enhance artificial intelligence (AI) operations in manufacturing, utilities and other industrial sectors. According to Brian Mengwasser, co-founder and CEO of Edgescale AI, the objective is to simplify the deployment of AI capabilities, integrating Palantir's ( PLTR ) software on Edgescale's Live Edge platform to provide direct access to operational data and automate physical processes.

What Else: Additionally, Palantir ( PLTR ) was among the top-20 most searched tickers on Benzinga Pro last month, indicating high investor interest.

PLTR Price Action: Palantir ( PLTR ) shares were up by 3.03% at $38.63 at the time of writing, according to Benzinga Pro.

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