Reported 20 days ago
Palantir's stock surged 23.5% after it reported third-quarter earnings that exceeded expectations, driven by a 40% increase in government spending, primarily from the U.S. Department of Defense, which accounted for 56% of its total revenue. The company won a $100 million military contract for AI technology that identifies airstrike targets, showcasing its growing influence in AI. However, Palantir's performance in commercial enterprise revenue fell short, and while the stock has risen over 190% this year, analysts remain skeptical about its future potential.
Source: YAHOO