Palantir increased by 24% on Tuesday to a record amount after notification stronger than the expected fourth quarter Results and tips related to the constant benefits of artificial intelligence.
This movement pushed the market capitalization in a close extent IBM AND Cisco systems. Actions also recorded their best day in almost a year.
The Denver software company has published corrected profits of 14 cents per share and USD 828 million revenues. This achieved 11 cents per share and revenues in the amount of USD 776 million expected by LSEG analysts.
Palantir also issued optimistic guidelines for the current quarter and full year. In the first quarter, the company forecasts revenues from USD 858 to USD 862 million. LSEG respect required $ 799 million. The company provides for sales of $ 3.74 billion to $ 3.76 billion all year round, ahead of the respect of $ 3.52 billion.
The software company conducts record registration, and its shares grew by 340% in 2024, when its AI platform gained adhesion in connection with the ongoing emotion of investors associated with the technological trend. Palantir provides software and technological services and is most often known for his work with defense agencies.
In a letter to shareholders, the co -founder and general director Alex Karp called the shoot in his commercial and government segments “as opposed to everything that was before.”
The company reported a 64% increase in commercial revenues in the US, while the US government's revenues increased by 45% year on year. Palantir forecasts a 54% increase in commercial sales in the US in 2025.
“We are at the beginning of our trajectory, we are at the beginning of the revolution and we plan to be a cornerstone – if not The Cornerstone Company – and conducting this revolution in the US in the next three to five years,” Carp said during merger with earnings.
Carp said that Palantir is “very long America” and is at the forefront that the country is “more fatal” to scare off opponents.
His comments appeared after the popularity of Deepseeka last week shocked the financial markets and raised concerns about the high costs of AI models.
“I hope he wakes America,” said Karp Morgan Brennan from CNBC. “Only because we are the first applicant and we have the best technological scene, and we are inventors and we are builders, does not mean that opponents cannot copy and we just have to act.”
Several companies from Wall Street raised the price of shares for shares after the report. Mariana Perez Mora from Bank of America called the company “value value” and raised the target price, while Morgan Stanley raised shares to equal weight from underweight,
“Considering the power of forecasts, we admit that we were wrong about our basic basic catalyst for slowing down below 30% due to more difficult comparisons in 2025.” – wrote the Sanjit Singh analyst. “It leaves us a quote as the main remaining problem.”