Palantir Technologies Inc. (NASDAQ:PLTR) is one the Trending AI Stocks on Wall Street. On August 12, the company announced a multi-year expansion of their partnership with SOMPO Holdings, Inc.

Palantir (PLTR) shares closed higher again on Tuesday after the data mining company announced a “multi-year expansion” of its partnership with the Tokyo-based SOMPO Holdings. It’s the second time that PLTR has decided in favor of extending its agreement with the Japanese insurance holding firm following an initial $50 million expansion in 2023.

Shares of Palantir Technologies (NASDAQ:PLTR) surged 9.51% over the past five trading sessions, continuing a rally that has seen the stock gain 133.19% so far in 2025. Since its October 2022 IPO, PLTR has surged an eye-catching 1,