Data analytics firm Palantir jumps as AI boom powers robust software adoption

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Palantir shares jumped over 12 per cent on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services.

Washington Convention Center in Washington, U.S., October 14, 2024.

Palantir stock has outperformed the S&P 500 index this year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Stock 2024 Palantir Demand Cent Army Revenue Billion Value Annual Washington

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 19:50:03 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23429823

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 53 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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