Palantir Technologies has secured a deal with Lumen Technologies valued at over $200 million. Under the multi-year agreement, Lumen will invest in Palantir's Foundry and Artificial Intelligence Platform (AIP) to support its transformation from a traditional telecom provider into a modern tech infrastructure company. This strategic partnership aims to leverage Palantir's software to enhance Lumen's capabilities and services. The deal, which was originally signed in September, was confirmed with its financial terms on October 23, 2025. Despite the significance of the contract, Palantir's stock showed minimal movement in premarket trading following the announcement. In contrast, Lumen's shares saw a notable increase of 4.7%, indicating a more positive immediate market reaction for the technology buyer.