Reported 26 days ago
Palantir Technologies reported a strong second quarter, surpassing analyst expectations and increasing its full-year sales forecast, which led to a surge in its stock price. Dan Ives from Wedbush Securities highlighted the company's unprecedented growth in the AI sector, asserting that it could achieve a $1 trillion market cap within the next two to three years. Despite concerns over valuation, Ives emphasized the transformative nature of Palantir's technology and its unique market position.
Source: YAHOO