More Gains for This Holding After $300 Million USDA Announcement

On Wednesday morning, Palantir (PLTR) continued the string of positive announcements that began with its Maven AI platform being named a program of record with the Pentagon in early April.

The company shared that it signed a $300 million blanket purchase agreement with the U.S. Department of Agriculture (USDA) to support farm program operations and modernize digital services for farmers.

Digging further, we find the agreement is tied to the department’s National Farm Security Action Plan to improve fraud detection, strengthen supply-chain oversight and deliver services across the Farm Production and Conservation (FPAC) mission areas. Palantir added that the contract will also support the USDA’s “One Farmer, One File” initiative, aimed at simplifying access to agency programs, reducing paperwork, and speeding payments, including disaster assistance.

We see this and the company’s other recent wins pointing to further gains in Palantir’s customer count and its total remaining deal value that stood at $11.2 billion exiting 2025. The company will update those metrics for us when it reports its Q1 2026 earnings on May 4.

More on AI Adoption in the Enterprise

The above is another example of how AI adoption continues to proliferate. We continue to see more companies talking about tangible benefits for their AI efforts. Two examples include:

Hasbro (HAS) revealed it is using AI-assisted design to reduce "time from concept to physical prototype by roughly 80%."

Altria (MO) discussed a 50% reduction in the time required to create marketing content.

Pulling the lens back a bit, data collected from Morgan Stanley (MS) and Axios finds that one-quarter of the companies in the S&P 500 mentioned at least one quantifiable impact from AI in the first three months of 2026 — up from 13% in the year-ago quarter. With more than 80% of S&P 500 companies yet to report, we‘ll be listening for more confirmation on how AI adoption is not only rising but how its use cases are expanding.

Those are the metrics we’ll continue to track for the AI chip, data center and other aspects of digital infrastructure. As we discussed back in December, adoption levels are likely to peak before usage levels, but for our purposes, capacity demands will ultimately hinge on use cases and usage levels.

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At the time of publication, TheStreet Pro Portfolio was long MS and PLTR shares.