Palantir’s Stock Journey: From Volatility to Growth
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BTCCSquare news:
Palantir Technologies (PLTR) has weathered significant volatility since its direct listing in 2020, with its stock soaring 300% in four months before plummeting 84% over the next two years. Long-term investors who held on have been rewarded, as the company's strategic pivot to commercial AI solutions has fueled accelerating revenue growth.
Five years ago, Palantir primarily served U.S. government agencies with data mining and AI tools, posting $1.1 billion in revenue alongside mounting losses. Today, its commercial segment dominates, driving a 48% year-over-year revenue increase to $1 billion in Q2 2024. U.S. commercial revenue surged 93%, now representing nearly a third of total sales.
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