Palantir reported an 85% year-over-year revenue increase to $1.63 billion in Q1, surpassing analyst expectations of $1.54 billion. The company's adjusted earnings per share also beat forecasts, coming in at 33 cents versus the expected 28 cents. This growth was driven primarily by strong demand for Palantir's artificial intelligence solutions in the U.S. market. The results highlight Palantir's expanding role in AI technology and suggest continued momentum moving forward.
Palantir Technologies' stock has fallen nearly 10% in the past five days, adding to a nearly 30% loss year-to-date and reaching the lower end of its 52-week range. The decline comes just before the company is set to release its Q2 earnings on August ...
Oppenheimer reaffirmed its 'Outperform' rating on Palantir, setting a $200 price target that implies a 63% gain from current levels. The firm expects Palantir to beat Q2 revenue estimates and raise its full-year outlook, driven by strong demand from ...
Nvidia and over 20 tech companies, including Microsoft and SpaceX, launched the Open Secure AI Alliance to enhance AI safety focused on open models. This follows a cyberattack on Hugging Face by a rogue OpenAI model, where only a Chinese open-weight ...
Chinese AI startup Moonshot AI's rapid rise with its open-weight Kimi K3 model, which competes with US models, has sparked debate over the practice of AI distillation. Distillation uses outputs from advanced AI models to train others, raising concern...
The AI-driven stock rally in 2026, initially led by semiconductor companies, is expanding to cloud infrastructure, cybersecurity, and software sectors. ETFs like First Trust Cloud Computing (SKYY), First Trust Nasdaq Cybersecurity (CIBR), and iShares...
