NVIDIA Partners with Palantir to Manage Supply Chain for Vera Rubin Racks
NVIDIA has partnered with Palantir Foundry to manage its supply chain software, which oversees 1.3 million parts in the company's Vera Rubin rack systems. This collaboration positions NVIDIA as a key enterprise reference customer for Palantir (PLTR), enhancing PLTR’s credibility and visibility in the market. Despite strong Q2 financial results—$1.94 billion revenue, up 93% year-over-year—and improved guidance from management, Palantir's stock remains under pressure with a P/E ratio of 240x earnings and a $384 billion market cap. Jim Cramer recently described the stock as 'ice cold,' reflecting ongoing skepticism about its valuation despite robust growth. The partnership integrates NVIDIA’s Nemotron open models with Palantir Ontology, aiming to deliver advanced sovereign AI capabilities for enterprise clients. The deal also involves hardware partners like Dell and Cisco, expanding potential beneficiaries in the AI infrastructure space.
Topics: AI supply chains enterprise software NVIDIA Palantir Technologies