Reported 2 months ago
Palantir Technologies, currently valued at $60 billion, is swiftly making a name for itself as a leading player in the AI sector, a market fueled by generative AI's rapid adoption. With over 1,025 organizations completing its AI training boot camps since mid-2023, Palantir has secured more than $1 billion in new contracts recently. The company's revenue growth—27% year-over-year in the latest quarter—positions it to potentially reach a $1 trillion market cap as generative AI continues to expand, with projections hinting at possible earnings growth that could accelerate its journey into this elite financial tier.
Source: YAHOO