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Tag: Ryan Taylor

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 […]