PLTR News

Palantir Technologies Inc (NYSE:PLTR) shares are making new highs on Tuesday after the company reported strong quarterly results driven by "unrelenting" AI demand.

Palantir CEO Alex Karp warns that Europe risks falling behind the U.S. in AI adoption, as Palantir's record-breaking growth underscores surging demand for advanced AI solutions, driven primarily by U.S. government and commercial sectors.

Palantir's Q3 results highlight its unique strategy of maximizing AI models within enterprise contexts, driving 30% revenue growth and solidifying its position as a leader in AI applications, with successes such as drastically reducing response times for a major insurer and achieving twelvefold ARR growth for a U.S. equipment rental company.

Palantir Technologies Inc reported a dramatic expansion in customer spending, with one equipment rental company increasing its annual recurring revenue twelvefold in less than eight months after implementing the company's artificial intelligence platform, highlighting the rapid adoption of AI in enterprise operations.

Wedbush analyst Dan Ives is out with an early reaction to Palantir's "eye-popping" results, featuring beats across the board.

Palantir reported third-quarter revenue of $725.52 million, beating the consensus estimate of $701.13 million, according to Benzinga Pro.

Palantir Technologies Inc (NYSE:PLTR) shares are in the spotlight Monday ahead of earnings after the bell. Here's what you need to know before the report.

Palantir Technologies (PLTR) reports Q3 earnings on Monday. Wall Street expects 9 cents EPS and $701.13M in revenue, Cathie Wood offloads shares ahead of earnings, stock is up 126.11% over the past year.

Karp suggested that the U.S. should bolster its defense technology, including software-defined weapons systems, to deter potential adversaries.

Palantir Technologies Inc (NYSE: PLTR) shares are trading lower by 5.49% to $7.57 Tuesday afternoon. Shares of companies in the broader software sector are trading lower after August CPI data showed greater-than-expected US inflation.

Palantir Technologies (NYSE:PLTR) will host a conference call at 08:00 AM ET on May 9, 2022, to discuss Q1 2022 earnings results. How to Attend Palantir Technologies (PLTR) Conference Call Follow this link to access the live webcast.

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