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International Business Times
International Business Times
Business
Marvie Basilan

Palantir Soars 22% After Beating Q4 Estimates And Raising Sales Outlook, Cites AI Growth

Palantir LSEG Alex Karp Nvidia OpenAI
Palantir is a US-based tech company specializing in software platforms and data analytics. (Credit: Mariia Shalabaieva/Unsplash)

KEY POINTS

  • Palantir reported $828 million in revenue compared to $776 million estimated by analysts
  • During the earnings call, Palantir's CEO expressed optimism over AI demand in 2025
  • However, the company warned against using Chinese disruptive AI assistant DeepSeek

Leading data analytics company Palantir (PLTR) surpassed Wall Street estimates for its fourth quarter 2024 growth, resulting in a 22% surge in its stocks in extended trading Monday.

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