Palantir Stock Is Up 90% In 3 Months: What's Going On?
Portfolio Pulse from Adam Eckert
Shares of Palantir Technologies Inc (NYSE:PLTR) have risen nearly 90% over the last three months, with the rally accelerating after the company reported better-than-expected quarterly results and guided for continued profitability in each quarter of 2023. The company has seen strong demand for its new AI platform, and its shares are up more than 150% year-to-date. Palantir held its first ever AIPCon in June, where CEO Alex Karp highlighted the unprecedented demand for its AI products.
July 11, 2023 | 12:38 pm
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Palantir's stock has seen significant growth due to strong quarterly results and high demand for its AI platform. The company expects continued profitability in 2023.
The company's better-than-expected quarterly results and guidance for continued profitability in 2023 have boosted investor confidence, leading to a surge in the stock price. The strong demand for its new AI platform also indicates potential for further growth.
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