From CNBC: 2025-02-03 16:13:44

Palantir Technologies CEO Alex Karp’s interview highlighted the company’s massive growth, with shares jumping 15% after beating Wall Street’s expectations. Revenue for the quarter hit $828 million, a 36% increase from the previous year. Karp credited AI for the success, projecting revenue for the year to hit $3.74-$3.76 billion.

The rise in Palantir’s stock, up 340% in 2024, reflects the company’s success. Joined the S&P 500 and Nasdaq 100, Palantir has capitalized on the generative AI boom. Despite concerns over China’s AI advancements, Karp emphasized America’s tech superiority and the need for a cohesive national effort to stay ahead.

Palantir’s U.S. commercial revenue surged 64% and U.S. government revenue rose 45% year over year. CEO Karp highlighted the company’s crucial role in the AI revolution, emphasizing the need for continual innovation and preparation for the future. Palantir’s success showcases the growing importance of AI in various sectors.



Read more at CNBC:: Palantir (PLTR) Q4 earnings 2024