Why Palantir Technologies Stock Rallied on Tuesday
PLTRPalantir Technologies(PLTR) The Motley Fool·2024-08-07 00:07

The artificial intelligence (AI) specialist delivered solid beat-and-raise results.Shares of Palantir Technologies (PLTR 12.97%) charged out of the gate on Tuesday, spiking as much as 13.8%. As of 11:37 a.m. ET, the stock was still up 12.1%.The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was the company's quarterly financial report and management's bullish commentary that suggested there was more to come.You can't spell "gains" without "AI"For the second qu ...