What's Going On With Palantir Stock?
Portfolio Pulse from Ryan Gustafson
Shares of Palantir Technologies Inc (NYSE:PLTR) have more than doubled since the start of the year, largely driven by the AI boom and the company's positioning in the space. The rally in Palantir shares accelerated last month after the company reported better-than-expected quarterly results and guided for continued profitability in 2023. CEO Alex Karp highlighted extraordinary demand for the company's AI products in recent months, similar to Nvidia.
June 27, 2023 | 8:59 pm
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Palantir's stock has seen significant growth due to the AI boom and the company's strong positioning in the space. The company's better-than-expected quarterly results and guidance for continued profitability in 2023 have also contributed to the rally in its shares.
The article mentions that Palantir's stock has more than doubled since the start of the year, largely due to the AI boom and the company's strong positioning in the space. The company's better-than-expected quarterly results and guidance for continued profitability in 2023 have also contributed to the rally in its shares. This suggests a positive short-term impact on the company's stock.
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