(Reuters) – Palantir shares jumped over 12% on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services. The company is among the biggest stock market winners of the generative AI boom, with its shares more…
Palantir’s third-quarter earnings beat Wall Street expectations. CEO Alex Karp said revenue growth was driven by AI demand in the US. Karp also called out critics who may have been skeptical of him. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking…
Data-mining and analytics company Palantir (NYSE:PLTR) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 30% year on year to $725.5 million. On top of that, next quarter’s revenue guidance ($769 million at the midpoint) was surprisingly good and 3.4% above what analysts were expecting. Its non-GAAP profit of $0.10 per…
Data-mining software company Palantir Technologies is popular among retail investors, but Bank of America said it’s still misunderstood by many on Wall Street. In a note on Tuesday, analysts pointed out that a 1980 estimate of cell phone users by 2000 was just 900,000. The actual number of mobile subscriptions that year was more than…
Palantir (NYSE: PLTR) has emerged as one of the stock market’s artificial intelligence (AI) darlings. The tech company is known for its complex data analytics platforms. It got its start in the aftermath of 9/11 by providing software to federal intelligence agencies that helped them sift through mountains of data and make connections that could…
Big data software stock Palantir (NYSE: PLTR) is having a moment today. Revenue is accelerating, profitability has flipped to the positive — somewhat of a rarity for a software stock — and the artificial intelligence revolution appears to be reinvigorating demand in its platforms. Founded in 2003, Palantir began assisting the U.S. military and intelligence…