Palantir (PLTR) investors closed off the week with the stock gaining +2.33% the last 5 days, which means it sits at +9.86% YTD.
Here's this week's news for Palantir, let's go through it together.
1. We're Hiring
2. Tough Love
3. Improving Hospital Performance
LEGEND: Positive News | Neutral News | Negative News
1. We're Hiring
Bucking the tech trend, Palantir will be HIRING this year!
It won't be much (likely 200 or so employees) but it's a strong sign of strength.
Will this pay off for them long term?
We'll see, but it's an investment they are willing to make in 2023 for the growth of the business.
2. Tough Love
Palantir's CEO had some harsh words for current employees at the company, and his message is clear...
If you don't agree with military deals Palantir makes - don't work there.
The CEO doubled down on military deals, stating that it helps to reduce terrorism in the world and fights for human rights.
This may have some minimal impact since this is nothing new for employees of Palantir, but it goes to show the sort of leadership the CEO has chosen to go with, and so far, it's retaining top talent.
3. Improving Hospital Performance
Palantir has struck a multi-year deal with Cleveland Clinic.
They will use a operations Virtual Command Center to improve the efficiency of the clinic with dealing with patients and processes. This helps with things like wait times, bed assignments for patients, and even staff allocations (for optimize hiring and shift workers).
This has been a project in the works to help with overall efficiency in the hospital, and this announcement was just an expansion on this to help with even more processes.
This tells me that Palantir is providing value here, and can help the healthcare industry modernize and save money - at the same time.
That's it for this week.
We look forward to spending a few minutes with you next Sunday for some new Palantir news!
Disclosure: I am a Palantir Technologies (PLTR) shareholder at the time of publishing.