Palantir Stock Soars as "Unrelenting" Artificial Intelligence (AI) Demand Drives 43% Earnings Growth and Annual Guidance Raise
PLTRPalantir Technologies(PLTR) The Motley Fool·2024-11-05 19:15

The AI-driven software company, originally focused on the U.S. government market, is briskly expanding its commercial business.Palantir Technologies (PLTR -1.22%) stock gained 13.7% in Monday's after-hours trading, following the software-as-a-service (SaaS) company's release of a robust third-quarter 2024 report. The stock's big rise is attributable to the quarter's revenue and earnings that both beat Wall Street's expectations, fourth-quarter revenue guidance that also came in higher than the analyst conse ...