Shares of Palantir Technologies Inc. PLTR,
Up 10.9% in premarket trading on Monday after the big-data software company announced a partnership with International Business Machines Corp. IBM,
on open artificial intelligence applications for businesses. Shares of IBM were up 0.9% before opening. The companies will use IBM’s hybrid cloud data platform and Palantir’s operational platform to build applications to launch the Palantir for IBM Cloud Pak for Data, which will be available in March 2021. four-week series of gains in which the stock skyrocketed by 49.4%. The stock is up 146.2% in the past three months to Friday, while IBM stock has gained 6.8% and the S&P 500 SPX,
is up 10.8%.