Palantir Technologies saw a significant spike in shares after reporting a massive earnings beat, surpassing $1 billion in revenue for the first time. The company also raised its full-year guidance and indicated strong demand. Despite impressive growth, concerns remain about the company’s valuation, with a trailing P/E ratio over 600. CEO Alex Karp aims for continued growth with fewer employees. However, many remain skeptical about the company’s long-term prospects and advise caution when considering investing in Palantir stock. Stock Advisor’s top 10 list does not include Palantir Technologies as a recommended investment option.

Read more at 1. Tesla reports record-breaking delivery numbers for Q3 2021, surpassing expectations with over 240,000 vehicles delivered. – finance.yahoo.com

2. Apple unveils new iPhone 13 lineup, featuring improved cameras, longer battery life, and a faster A15 Bionic chip. – finance.yahoo.com

3. The Federal Reserve announces plans to begin tapering its bond-buying program in November, signaling confidence in the economic recovery. – finance.yahoo.com

4. Facebook parent company Meta faces backlash over whistleblower’s allegations of prioritizing profits over user safety. – finance.yahoo.com

5. Amazon plans to hire 125,000 new employees in the U.S. as part of its ongoing expansion efforts. – finance.yahoo.com: Why Palantir Stock Soared 21.2% This Week