The company announced a groundbreaking partnership with another artificial intelligence bigwig.Shares of Palantir Technologies (PLTR 9.99%) charged out of the gate on Thursday, surging as much as 11.6%. As of 2:47 p.m. ET, the stock was still up 10.3%.The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was the announcement that it would collaborate with software titan Microsoft (MSFT 0.59%) to advance U.S. government AI systems.Two of the biggest names in AI pa ...

Palantir Technologies’ (NYSE:PLTR) investors can breathe a sigh of relief. The company posted strong second-quarter 2024 results. With that in the rear-view mirror, it’s a great time to apply Palantir technical analysis and see what the charts are telling us. Overall, it looks like the Palantir stock buyers are on the winning side of the trade.Just to recap, Palantir Technologies is a well-known provider of security products and services. The company generated Q2-2024 revenue of $678 million and earnings of ...

Palantir is succeeding as a company, but is the stock already too expensive?Palantir Technologies (PLTR 3.36%) has become one of the premier artificial intelligence (AI) software companies thanks to its long history in the field. While some companies have only started integrating AI features within the past few years, Palantir has been doing so since its founding in 2003.Many investors are bullish on Palantir, and the stock has been bid up as a result. So, where could the stock realistically go in five year ...

After posting an impressive revenue beat in its latest Q2 report on August 5, Palantir (NYSE: PLTR) continues to advance its partnerships across various branches of industry, this time with an agreement with a tech giant, Microsoft (NASDAQ: MSFT).Palantir and Microsoft announced their largest partnership on August 8, integrating Microsoft’s Azure OpenAI large language models with Palantir’s AI platform to build AI-driven operational workloads across defense and intelligence sectors.In a recently released st ...

georgeclerk Performance Assessment My prior assessment on Palantir (NYSE:PLTR) has been wrong. I had rated the stock a 'Sell'. However, the stock has outperformed the S&P 500 (SPY) (SPX) by +26.86%: Performance since Author's Last Article on Palantir (Seeking Alpha, Author's Last Article on Palantir) Thesis Update Q2 FY24 results were a strong reminder to me that the quality of operational results ought to carry more weight than other factors such as high insider sales and slightly elevated valuations. I am ...

Palantir Technologies (NASDAQ:PLTR) has emerged as a highly valued stock after its Q2 2024 earnings report. With revenues surging and beating expectations, Palantir marked high growth due to its U.S. commercial and government segments. The company’s EPS marked a considerable improvement. This points to sharp operational management and strong market demand for its enterprise AI solutions.Moreover, Palantir’s leads in Q2 2024 are very encouraging. The company exceeded revenue estimates and raised its full-yea ...

It’s been a great few days for Palantir (NASDAQ:PLTR). Following an impressive earnings report, PLTR stock is up 5% today and has been up nearly 30% since the beginning of the week.For the quarter ended June 30, Palantir reported revenue growth of 27% to $678 million, topping the analyst estimate for $652.8 million. Palantir’s government revenue was a significant contributor to overall revenue, growing by 23% to $371 million and beating the estimate of $346.6 million. Its commercial sales grew by 33% to $30 ...

After Palantir surpassed analysts’ expectations in terms of its earnings for the second quarter of 2024 and the company delivered its first artificial intelligence (AI) prototype to the United States Army, the price of Palantir (NYSE: PLTR) stock has reacted quite bullishly, although AI models remain cautious.As it happens, Palantir has sent the first Tactical Intelligence Targeting Access Node or TITAN, months after it secured a $178 million contract as part of the U.S. military’s connect-everything-everyw ...

On August 5, Palantir Technologies (NYSE: PLTR) reported strong second-quarter earnings that exceeded expectations, with revenue significantly surpassing Wall Street’s forecasts. PLTR’s stock surged following its announcement of September quarter guidance, which came in well above analyst predictions, with reported adjusted earnings per share of $0.09, beating estimates of $0.08, alongside total revenue of $678 million, surpassing the expected $652.8 million. This positive news comes despite a broader marke ...

The company just cemented its leadership position in the generative AI revolution.Investors looking to capitalize on the potential of artificial intelligence (AI) could do worse than investing in Palantir Technologies (PLTR 10.38%). The company has a long track record of developing AI solutions for the U.S. government and has become a rising star in the field of AI for business. Palantir's move to develop data-centric solutions for enterprises was already gaining traction before the dawn of generative AI sh ...