Trump's Rise Linked To Silicon Valley's 'Excesses,' Says Palantir CEO Alex Karp: 'I Don't Believe You Would Have A Trump Phenomenon Without...'
Portfolio Pulse from Benzinga Neuro
Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp linked the rise of former President Donald Trump to the actions of Silicon Valley, citing the detachment of tech moguls from the average American and their support for policies that exempt them from bearing the costs. Karp's comments come as Palantir's stock surged following strong Q2 earnings and a new partnership with Microsoft Corp to enhance data analytics and AI services for the U.S. Defense and Intelligence Community.
August 19, 2024 | 9:19 am
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Palantir CEO Alex Karp's comments linking Trump's rise to Silicon Valley's 'excesses' come as Palantir's stock surged following strong Q2 earnings and a new partnership with Microsoft to enhance data analytics and AI services for the U.S. Defense and Intelligence Community.
Karp's comments are significant as they come at a time when Palantir's stock is performing well due to strong Q2 earnings and a new partnership with Microsoft. This positive financial news is likely to overshadow any potential negative impact from his political statements.
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