Reported 16 days ago
Palantir Technologies has exceeded Wall Street's expectations in its latest financial report, generating $726 million in revenue for Q3, which is a 30% increase year over year. The company raised its full-year revenue guidance to $2.8 billion, driven by strong U.S. commercial growth. While many analysts had doubts, Wedbush analyst Dan Ives predicted the success, citing the growing demand for Palantir's AI solutions. Despite concerns over its high valuation, the future looks promising as Palantir continues to capture opportunities in the evolving AI market.
Source: YAHOO