Analysts adjust Palantir stock ratings as valuation soars

By Rob Lenihan

Analysts adjust Palantir stock ratings as valuation soars

Claude Shannon had a simple way of looking at life.

"I just wondered how things were put together," he once said.

Related: Analysts overhaul Palantir stock price target after Q3 earnings

That sense of wonder inspired the mathematician and computer scientist to invent a device that could solve the Rubik's Cube, flame-throwing trumpets, rocket-powered Frisbees, and plastic foam shoes for navigating a lake that made the wearer seem to be walking on water.

And, oh, yeah, Shannon, who won the Nobel Prize in 1939, was also the first person to describe the Boolean gates that are essential to all digital electronic circuits. And he was one of the founding fathers of artificial intelligence.

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Put that in your flame-throwing trumpet and smoke it.

Shannon's impact on the Information Age has been so profound that AI-research company Anthropic decided to name its family of large language models Claude in his honor.

Anthropic and data-analytics company Palantir Technologies (PLTR) announced a partnership with Amazon Web Services (AMZN) to provide U.S. intelligence and defense agencies access to the Claude 3 and 3.5 family of models on AWS.

The two companies said the partnership enables an integrated technology suite to implement the use of Claude within Palantir's AI Platform while leveraging the security, agility, flexibility and sustainability benefits provided by AWS.

Palantir CEO: Just starting to build company

Claude became accessible within Palantir's platform on AWS earlier this month.

Palantir, recently added to the S&P 500, has established itself as a key player in the defense industry, with a host of contracts with domestic and international agencies that focus on its data-analytics and AI technologies.

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The Denver company, founded by the tech investors Peter Thiel and Joe Lonsdale, is also seeing rapid growth in its commercial division.

"Our partnership with Anthropic and AWS provides U.S. defense and intelligence communities the tool chain they need to harness and deploy AI models securely, bringing the next generation of decision advantage to their most critical missions," Shyam Sankar, Palantir's chief technology officer, said in a statement.

Palantir has been on a tear lately. The company's stock has more than tripled (up 232%) year-to-date and have soared 203% from a year ago. They touched a fresh high on Nov. 5 following a blowout earnings report.

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