What's Going On With Palantir Technologies Shares
Portfolio Pulse from Henry Khederian
Palantir Technologies Inc (NYSE:PLTR) shares are trading higher by 1.67% to $11.91, with a 27.11% increase over the trailing five sessions. The company reported Q1 revenue of $525 million, beating analyst estimates of $505.6 million. Palantir CEO Alex Karp provided insights on AI and large language models at the 2023 Copenhagen Democracy Summit.
May 22, 2023 | 6:45 pm
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Palantir Technologies shares are up 1.67% to $11.91, with a 27.11% increase over the trailing five sessions. The company reported Q1 revenue of $525 million, beating analyst estimates of $505.6 million.
Palantir Technologies shares are trading higher due to the company's Q1 revenue beating analyst estimates and the overall strength in AI-related stocks. The positive performance over the trailing five sessions and the insights provided by CEO Alex Karp on AI at the Copenhagen Democracy Summit contribute to the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100