Does Archer Aviation's Deal With Palantir Change the Game?
Archer Aviation is using Palantir's artificial intelligence (AI) software to disrupt the antiquated aviation industry.
Last year, shares of air mobility company Archer Aviation (NYSE: ACHR) and enterprise software specialist Palantir Technologies (NASDAQ: PLTR) gained 59% and 340%, respectively -- handily outperforming the returns generated by the S&P 500 and Nasdaq Composite.
Last week, Palantir hosted an immersive seminar, during which investors learned how the company's customers are leveraging its artificial intelligence (AI) software. One of the more intriguing applications deploying Palantir's AI software is in the aviation industry -- and Archer is leading the way.
Let's explore how Archer Aviation and Palantir are working together, and assess why the relationship between these two companies is so important.
