Palantir share price: PLTR stocks at Nasdaq fall big, company announces HD Hyundai deal

Palantir share price on Tuesday fell by over one per cent. PLTR stocks at Nasdaq are down by 1.15 per cent today. PLTR rose around 90 per cent over the past six months through mid-October 2025, driven by strong earnings results and AI platform adoption, as per media reports.


Palantir leaders said the U.S. technology ‌company has ‌clinched a large deal to sell more software to HD Hyundai, ‌ramping up its heavy-industry work in South Korea. The agreement is worth hundreds of millions of dollars to Palantir over several years, a person familiar with the matter told Reuters ​on Tuesday.



The companies planned ‌a signing ‍ceremony at office space Palantir has set ‍up for the World Economic Forum's annual meeting ‌this week in the Swiss resort of Davos.


The deal marks an expansion of work Palantir began in 2021 with HD Hyundai, one of the world's largest shipbuilders.


Since then, HD Hyundai is manufacturing ships around 30 per cent faster by using Palantir ‍software to speed up operations, the companies have said.


Palantir CEO Alex Karp told Reuters ‍he was "very ⁠bullish" on the ⁠Korean market, which he called "one of the more innovative, interesting, artistic places in the world".


However, sales to companies outside the U.S. are not a focus, Karp said in an interview in Davos.


Wall ‍Street's ​main indexes ⁠opened sharply lower on Tuesday, as investors ‌were ‌spooked by renewed tariff ‌threats from President Donald Trump against Europe over control ​of Greenland. ‍Dow ‍Jones Industrial Average fell 653.07 points, ‌or 1.32%, to 48,706.26, the S&P 500 lost 94.67 points, ‍or 1.39%, to 6,843.59 ‍and the ⁠Nasdaq Composite ⁠shed 385.24 points, or 1.64%, at 23,130.15.


The US dollar fell, while yields on US Treasury bonds jumped.