Palantir Rebounds On Strong AI Outlook, Nears Buy Point.

Autor:	RAMAKRISHNAN, VIDYA (AUTHOR)
Předmět:	GROWTH stocks, ARTIFICIAL intelligence, STOCKS (Finance)
Zdroj:	Investors Business Daily. 6/12/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	Palantir, an enterprise software company, is gaining recognition in the artificial intelligence (AI) industry. While Nvidia is the prominent player in AI chips, Palantir has strong partnerships with defense and government agencies and is expanding into other industries. The company has shown steady sales growth over the past eight quarters, with first-quarter sales reaching $634.3 million. Palantir has a positive outlook for the current quarter, with revenue expected to increase by 23% year-over-year. The stock has a high Composite Rating and EPS Rating, indicating its outperformance in the market. [Extracted from the article]
Databáze:	Regional Business News
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