Palantir Technologies' stock surged 7% after announcing an expanded alliance with PwC US to develop an AI-native deals platform aimed at speeding transactions and cutting costs. This move counters Michael Burry's renewed bearish stance, which criticized Palantir's receivables quality and valuation. The rally also lifted other enterprise AI software stocks like ServiceNow and Salesforce, reflecting broader sector enthusiasm. However, Palantir's revenue impact from the alliance remains undisclosed, and concerns about receivables quality persist, making the sustainability of the rally uncertain.
Palantir Technologies reported a strong second quarter with revenue up 93% year-over-year, driven by effective operating leverage and cost control. Operating expenses rose only 34.2%, resulting in a GAAP operating margin of 47.1% and an adjusted marg...
Palantir Technologies reported a 149% surge in U.S. commercial revenue for Q2, driven by an 84% increase in customer spending and a record $2.132 billion in new deals. This strong performance supports optimistic multi-year revenue forecasts, with 202...
Stagwell and Palantir have expanded their strategic partnership to develop AI-powered marketing solutions for enterprise clients. This collaboration combines Palantir's advanced AI software with Stagwell's marketing expertise to modernize marketing o...
Citi increased its price target for Palantir stock from $245 to $250, citing expected strong earnings driven by U.S. government and commercial projects. This target implies about 24% upside from the current price, aligning with bullish views like CNB...
Palantir Technologies surged 4% to $199.41, leading a broader software stock rally driven by interest in AI platforms. ServiceNow also rose 3%, while Salesforce remained flat. Palantir's recent partnership with Knox Systems aims to bring its commerci...
