The Latest Breaking News from Palantir Technologies Inc

Meme stocks gained attention last year, with the shares of numerous fundamentally poor companies soaring to unsustainable price levels owing solely to retail traders' interest in them. However, the gains by these stocks could not be sustained for long, with the prices of many plummeting back to earth this year.…

Shares of several companies in the broader tech sector, including Palantir Technologies Inc (NYSE: PLTR), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week.

Palantir Technologies Inc (NYSE: PLTR) shares are trading lower by 2.3% at $7.29. The company Monday said it expects second-quarter revenue below analyst estimates. The company Tuesday received a number of analyst rating updates.

Palantir Technologies Inc (NYSE:PLTR) reported first-quarter FY22 revenue growth of 31% year-on-year to $446 million, beating the consensus of $443.4 million. Revenue Drivers: Commercial revenue grew 54% Y/Y. U.S. commercial revenue rose 136% Y/Y. Palantir customer count grew 86% Y/Y. Government revenue grew 16% Y/Y. Margins: The adjusted operating margin contracted 800 bps to 26%…

Palantir Technologies Inc (NYSE: PLTR) shares are trading lower by 13.61% at $8.19 after the company said it expects second-quarter revenue below analyst estimates.

Palantir Technologies Inc (NYSE:PLTR) bagged a £10 million ($12.5 million) 12-month contract with the U.K. Ministry of Defense, Bloomberg reports. Palantir will support U.K. Defense Ministry's Foundry platform, which lets users cut costs by automating work and reducing data-processing time. Co-founded by billionaire Peter Thiel and Alex Karp, the data analytics company…

Shares of several companies in the broader tech sector, including Palantir Technologies Inc (NYSE: PLTR), are trading lower amid overall weakness as traders continue to digest Wednesday's Fed rate hike announcement. An increase in yields has pressured tech and growth stocks.

Shares of technology and software companies, including Palantir Technologies Inc (NYSE: PLTR), are trading lower amid overall market weakness. Concerns over future Fed rate hikes have weighed on growth sectors while economic slowdown concerns have pressured market sentiment.

Palantir Technologies Inc (NYSE:PLTR) engaged the former head of artificial intelligence at the digital wing of Britain’s National Health Service as it looks to sign a lucrative new contract with the U.K. government, Bloomberg reports. Indra Joshi quit as director of AI for NHSX in March, saying it was “time to take…

Shares of several companies in the broader technology sector, including Fastly Inc (NYSE: FSLY) and Palantir Technologies Inc (NYSE: PLTR), are trading higher amid overall market strength as investors weigh ceasefire negoti

Shares of companies in the broader technology sector, including C3.Ai Inc (NYSE: AI) and Palantir Technologies Inc (NYSE: PLTR), are trading lower amid a rise in US Treasury yields.