'AI Gold Standard' Palantir's Strong Q2 Has Left This Analyst Gushing Over Its AI Platform: 'A Star Is Born'
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies (PLTR) reported Q2 results in line with expectations and issued upbeat guidance. The company's AI platform, AIP, launched 10 weeks ago, was a highlight of the quarterly results. The company's customer count rose about 38% YoY. The revenue beat was due to strength in its government business, and the commercial segment was also gaining traction. The company raised the mid-point of full-year revenue guidance to over $2.212 billion. The company is engaging with 300+ enterprises to deploy AIP.
August 08, 2023 | 5:39 am
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POSITIVE IMPACT
Palantir's Q2 results and upbeat guidance, along with the success of its AI platform, AIP, could positively impact its stock. The company's customer count rose by 38% YoY and it raised its full-year revenue guidance.
The company's Q2 results were in line with expectations and it issued upbeat guidance, which is a positive sign for investors. The success of its AI platform, AIP, and the increase in customer count also indicate strong performance, which could lead to a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100