Palantir shares jumped 11% after the company announced a partnership with Microsoft to sell secure cloud, analytics, and AI capabilities to U.S. defense and intelligence agencies. Through the partnership, Palantir will launch its products on Microsoft's cloud services for government agencies. In the second quarter, Palantir generated over half its revenue from government clients like intelligence and defense agencies. The partnership will allow U.S. defense and intelligence to build AI tools for action plans, logistics, and other uses.