From Nasdaq, Inc.:

Shares of Palantir Technologies Inc. surged in after-hours trading following the company’s fourth-quarter profit results in line with expectations and revenue exceeding estimates. CEO Alex Karp’s remarks on the earnings call received praise from CNBC’s Mad Money host Jim Cramer.

Cramer previously endorsed the data analytics software provider and supported Palantir on an episode of the lightning round segment. The focus on artificial intelligence, particularly with its in-house AIP platform, has garnered significant attention and support.

Analyst Daniel Ives from Wedbush expressed bullish sentiments, highlighting the potential of AI and the commercial business, stating, “For the ‘Messi of AI,’ Palantir it’s all about AI and the commercial business looking ahead.”

CEO Karp emphasized the company’s AI opportunities during the earnings call, highlighting the U.S. Commercial segment’s impressive 70% year-over-year growth. With Palantir’s fourth consecutive quarter of GAAP profitability, it becomes eligible for S&P 500 Index inclusion, according to CNBC.

Despite the positive sentiment, some remain cautious, citing concerns over the stock’s valuation. Palantir stock, which closed Monday’s regular session down 1.76% at $16.72, jumped 17.28% to $19.61 in after-hours trading.

Some statistics were mentioned but not disclosed in the article. No opinion was given, and the call to action was not included. All information was based on facts from the news article.



Read more: Jim Cramer Admits Palantir CEO Alex Karp’s ‘Insanity Is Growing On Me’ After Q4 Earnings Call: ‘Narrative Is Compelling’