Reported about 9 hours ago
Palantir's CEO announced that the company is experiencing exceptional growth driven by strong demand for its AI platform, with third-quarter revenue up 63% year-over-year to $1.18 billion. The commercial sector of the business surged 121%, contributing significantly to this growth. Following these results, Palantir updated its full-year revenue outlook, projecting between $4.396 billion and $4.4 billion, marking a third consecutive increase. Shares of Palantir rose significantly, continuing to appeal to investors despite concerns about valuation.
Source: YAHOO