Palantir (PLTR) shares closed higher again on Tuesday after the data mining company announced a “multi-year expansion” of its partnership with the Tokyo-based SOMPO Holdings. It’s the second time that PLTR has decided in favor of extending its agreement with the Japanese insurance holding firm following an initial $50 million expansion in 2023.

DENVER - Data analytics company Palantir Technologies Inc. (NASDAQ:PLTR), whose stock has surged over 520% in the past year according to InvestingPro data, announced Tuesday a multi-year expansion of its partnership with Japanese insurance group SOMPO Holdings through their joint venture Palantir Technologies Japan KK.