Data analytics firm Palantir jumps as AI boom powers software adoption
By Zaheer Kachwala (Reuters) -Palantir shares jumped more than 14% before the bell on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the AI frenzy was fueling demand for its services.
Palantir shares surge to record as AI boom powers forecast raise
Palantir shares jumped over 17 per cent to hit a record high on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the AI frenzy was fueling demand for its services.
Palantir shares surge on rosy revenue outlook
Palantir's revenue grew 30% year over year in the quarter. Net income of $143.5 million, or 6 cents per share, was up from $71.5 million, or 3 cents per share, in the same quarter a year ago.
Palantir’s stock surges as AI drives a further acceleration in growth
Palantir’s CEO says the latest earnings are ”a slap in the face of people who continue to believe that the value of AI is solely in building AI large language models.”
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology.
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