The stock has nearly tripled in 2024.
Billionaire Ken Griffin has been buying Palantir stock and selling shares of Nvidia this year, but investors may want to do the opposite.
Palantir's U.S. commercial segment posted 54% YoY growth, and U.S. government growth was strong at 40% YoY, lifting overall company growth. CEO Karp emphasizes Palantir's unique position to leverage AI advancements, focusing on integrating proprietary data with LLMs to drive customer results. Adjusted gross margin was 82%, with an adjusted operating margin of 38%, despite high stock-based compensation and increased expenses for AI and tech talent.
Investors kept buying the AI stock even after insiders stopped selling.
Palantir Technologies Inc (NYSE:PLTR) stock jumped to another record high this morning before pulling back, down 2.4% at $54.19 at last glance.
Here is how Palantir Technologies Inc. (PLTR) and GDS Holdings (GDS) have performed compared to their sector so far this year.
A Jefferies analyst thinks Palantir's large base of retail-investor support “is a double-edged sword.”
Palantir's (NYSE: PLTR) surging stock price to new highs may not last long after investment banking giant Jefferies downgraded the equity due to concerns over growth prospects.
The data analysis specialist's winning ways continued on Monday.
Susquehanna International's Jeff Yass oversaw the sale of more than 1.5 million shares of Palantir in the first-half of 2024 in favor of a rapidly growing but troubled artificial intelligence (AI) stock.
The CEO is warning that those who don't buy their products will be left behind in the competitive race for artificial intelligence.