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Palantir’s AI Momentum Fuels Stock Surge Amid Accelerating Revenue Growth
Palantir’s AI Momentum Fuels Stock Surge Amid Accelerating Revenue Growth
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BTCCSquare news:
Palantir Technologies (PLTR) continues to defy expectations with its eighth consecutive quarter of accelerating revenue growth, reporting a 48% year-over-year increase in Q2 2024. The company's $1 billion revenue outperformed forecasts by nearly 7%, driven by rapid adoption of its Artificial Intelligence Platform (AIP) among U.S. commercial clients.
The stock's 575% rally over the past year reflects mounting confidence in Palantir's ontology-driven AI infrastructure, which it claims enables large language models to function in real-world applications. Commercial customers are reportedly deploying AIP at unprecedented scale, with existing clients expanding usage and new adopters entering with ambitious implementation plans.
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