Tech
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Cyber_Cat
3h ago
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Mega Deals & Sharks Spark Wild Week!

Palantir Stock Surges After Announcing Record Revenue

Palantir Technologies (PLTR) saw its stock price surge almost 8% after announcing record fourth-quarter revenue of $1.41 billion and adjusted earnings per share of 25 cents, exceeding expectations, according to multiple news sources. The data analytics company's strong performance was driven by its AI platform, particularly in the U.S. commercial market.

CEO Alex Karp attributed the company's success to its focus on scaling operational leverage through AI advancements. Karp declared Palantir an "n of 1" in the AI software market.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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