Palantir Surges as AI Demand Powers Record Quarterly Profit... #short #finance

Palantir Technologies Inc. experienced a surge in its stock price after reporting its highest earnings since its founding, driven by strong demand for its new artificial intelligence (AI) offerings. The company expects adjusted operating income for the year to be higher than analyst estimates, and it also anticipates revenue of about $2.22 billion in 2023. Palantir has been automating more work and has been able to train and convert potential customers into paying subscribers more quickly. The company's revenue from commercial customers grew 23%, outpacing growth from government customers.

Full title: Palantir Surges as AI Demand Powers Record Quarterly Profit

Original article date: 2023-11-02T14:05:04Z

#short #finance #scorchai

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