Palantir Stock Surges on Impressive Q4 Earnings and AI Demand
Palantir Technologies has seen its stock soar over 23% following a series of impressive earnings reports and a bullish revenue outlook driven by strong demand for Artificial Intelligence (AI). The company’s Q4 earnings exceeded estimates, showcasing a remarkable 75% earnings growth and a 62% surge in U.S. commercial revenue. Analysts are racing to adjust their stock price targets upward in light of these developments, with several firms upgrading their ratings. CEO Alex Karp has also provided optimistic guidance for 2025, projecting continued revenue growth amid increasing AI adoption across various sectors. Despite some analysts maintaining a cautious stance, overall investor sentiment remains high, with Palantir being hailed as a leading stock in the tech sector.
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