Cognizant and Palantir Technologies announced a strategic partnership on February 5, 2026, to drive AI-driven modernization across healthcare and enterprise operations. The collaboration utilizes Palantir Foundry and the Artificial Intelligence Platform (AIP) to innovate via the TriZetto platform.
The initiative combines Palantir’s AI platforms with Cognizant’s industry expertise to deliver secure, governed solutions for regulated environments. The joint effort focuses on implementing scalable AI architectures while ensuring data integrity.
Palantir (PLTR) shares traded at $132.58, representing a 4.99% intraday decline. This follows an 11.62% drop on February 4, 2026, when the stock closed at $139.54. The price action reflects broader market concerns regarding AI capital expenditures and recession risks rather than negative company-specific news.