1. Palantir's strong momentum and bullish sentiment ahead of Q3 earnings are driving stock gains; 2. Major government defense deals in the UK and Poland, alongside commercial partnerships with Boeing and Snowflake, enhance revenue growth and AI leadership; 3. Technical indicators suggest a potential post-earnings breakout, justifying a short-term Buy rating despite high valuation risks.
Recent #Government Contracts news in the semiconductor industry
➀ The UK government prioritizes accelerating Small Modular Reactor (SMR) deployment to address growing electricity demand from data centers and EVs, targeting completion by the mid-2030s;
➁ Rolls-Royce is the preferred contractor, with the government streamlining approvals to reduce the typical 10-year timeline;
➂ Initial contracts for ten SMR projects, each worth £2 billion, involve major engineering firms, with potential for future expansions.