Palantir Investors Just Got Spectacular News From CEO Alex Karp
Investors continue to underestimate the artificial intelligence (AI) specialist.
After an unrelenting run that spanned more than two years and resulted in stock price gains of more than 1,000%, Palantir Technologies (NASDAQ: PLTR) is taking a well-deserved breather. The company got its start designing artificial intelligence (AI) solutions for the U.S. defense and intelligence industries before turning its gaze to enterprise. That move proved to be prescient, as the demand for generative AI helped drive accelerating sales and profit growth. Some investors have become increasingly apprehensive about its valuation, but the future remains bright.
The company released its financial report after the market closed on Monday. Not only were the results robust, but the increase in Palantir's full-year guidance illustrates the strong and ongoing demand for its AI expertise.
Let's review the results and what could lie ahead for Palantir.
