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Tag: Alex Karp

Palantir shares rise 21% after rising third-quarter earnings

Posted on | Posted on angela | Leave a Comment on Palantir shares rise 21% after rising third-quarter earnings
Palantir shares rise 21% after rising third-quarter earnings

Alex Karp, CEO of Palantir, at the Senate AI Insight Forum at the US Capitol in Washington, DC on September 13, 2023.photo: Graeme Sloan/Sipa USA (AP) In this story Palantir shares (PLTR+22.41%) rose over 20% on Tuesday morning after the data analytics software platform reported third-quarter earnings and outlook well above Wall Street expectations. Nuclear […]

Palantir stock is rising as revenue from the Defense Department's spending powers increases

Posted on | Posted on angela | Leave a Comment on Palantir stock is rising as revenue from the Defense Department's spending powers increases
Palantir stock is rising as revenue from the Defense Department's spending powers increases

Shares of Palantir (PLTR) rose more than 20% early Tuesday after third-quarter earnings beat expectations, driven by better-than-expected U.S. government spending on its AI technology. Global government spending on Palantir products, primarily in the U.S., rose 40% year-over-year to $408 million in the third quarter and accounted for 56% of the company's total revenue in […]