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Revenue growth is exploding at this company thanks to its focus on artificial intelligence (AI). This tech stock has soared more than 100% so far this year.
Palantir Technologies Inc (NYSE:PLTR) will join the S&P 500 on Monday, marking a significant milestone for the data analytics company. Dell Technologies and Erie Indemnity will also be added to the index as part of S&P Global's quarterly rebalancing.
Palantir continues to score significant expansion among its existing customer base. Wall Street analysts are increasingly bullish.
Ken Griffin's Citadel just reduced its Nvidia position by 79%. During the same period, the fund bought over 5 million shares of Palantir.
DraftKings wants to help you cash in on the sports betting boom. Palantir's new artificial intelligence platform is proving popular among businesses and government agencies.
Palantir is helping pioneer the software applications of generative AI in data analytics and government contracting. A good company is not always an ideal investment.
These companies are seeing explosive revenue growth thanks to their work in AI. And both of them have a specific catalyst for a new wave of growth just ahead.
Palantir stock already has advanced more than 100% this year, buoyed by its work in the artificial intelligence (AI) market. The company launched an AI platform last year, and it's already driving revenue growth.
Palantir Technologies Inc (NYSE:PLTR) has won a nearly $100 million contract to expand access to its AI-powered digital warfare program to US agencies, including the Army, Air Force, Space Force, Navy and US Marine Corps. The contract, awarded by the DEVCOM Army Research Laboratory, is worth up to $99.8 million over five years.
DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR) today announced a contract awarded by the DEVCOM Army Research Laboratory (ARL) expanding Maven Smart System access across the military services to include the Army, Air Force, Space Force, Navy, and US Marine Corps. This firm-fixed price contract is worth up to $99,804,561 over five years and simplifies and expedites the ability for services to access the existing capabilities within Maven Smart System. Maven Smart System is part.