Palantir is gaining traction among U.S. commercial customers, which is great news for shareholders.
Big Data is big business. According to platform provider Edge Delta, the market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 — an increase of 82.2%.
Palantir's latest product launch has been a hit with U.S. commercial customers. The big-data analytics company is growing at a healthy 20% per year.
After posting an impressive revenue beat in its latest Q2 report on August 5, Palantir (NYSE: PLTR) continues to advance its partnerships across various branches of industry, this time with an agreement with a tech giant, Microsoft (NASDAQ: MSFT).
Palantir Technologies said on Thursday it will offer its products, including the Artificial Intelligence Platform (AIP) on Microsoft's cloud platforms, which cater to the U.S. government and federal agencies such as the Department of Defense.
Big Data giant Palantir (NYSE: PLTR ) continues to impress, shattering concerns of a slowdown in AI adoption with its superb second-quarter showing. Blowing past expectations across both lines, the firm raised its third-quarter and full-year forecasts, boosting the case for Palantir stock.
My earlier 'Sell' view on Palantir was wrong. I should have placed more weight on the strong operational results in my assessment. Now I am bullish. Insider sales have dramatically decreased during the last 3 months, quelling some of my earlier concerns here. More importantly, PLTR shows signs of continued strong growth and margin expansion. The quality of growth is also improving, and there is more room for margins to sustainably grow.
Palantir Technologies (NASDAQ: PLTR ) has emerged as a highly valued stock after its Q2 2024 earnings report. With revenues surging and beating expectations, Palantir marked high growth due to its U.S. commercial and government segments.
It's been a great few days for Palantir (NASDAQ: PLTR ). Following an impressive earnings report, PLTR stock is up 5% today and has been up nearly 30% since the beginning of the week.
Wendy's Quality Supply Chain Co-op (QSCC), a purchasing cooperative that services more than 6,400 Wendy's restaurants in the United States and Canada, teamed with Palantir Technologies to accelerate its digital transformation and adoption of artificial intelligence.
After Palantir surpassed analysts' expectations in terms of its earnings for the second quarter of 2024 and the company delivered its first artificial intelligence (AI) prototype to the United States Army, the price of Palantir (NYSE: PLTR) stock has reacted quite bullishly, although AI models remain cautious.
On August 5, Palantir Technologies (NYSE: PLTR) reported strong second-quarter earnings that exceeded expectations, with revenue significantly surpassing Wall Street's forecasts.