Reported about 7 hours ago
Palantir has advised against the use of Chinese startup DeepSeek's AI technology due to national security concerns, while forecasting robust revenue growth for 2025, exceeding Wall Street expectations. The company's shares surged 22% following the projection of fiscal 2025 revenues between $3.74 billion and $3.76 billion, significantly higher than the average analyst estimate of $3.52 billion. With a strong focus on government contracts and increasing sales from commercial clients, Palantir anticipates a 54% growth in U.S. corporate revenue in 2025.
Source: YAHOO