AI boom shows strain as Palantir slumps and Nasdaq slides
Update: 2025-11-04
Description
Palantir's Q3 results exceeded Wall Street's expectations, with a 63% revenue surge and over 100% sales growth in the U.S. commercial sector. Despite these impressive numbers, the company's stock fell by 7% due to a broader market downturn in the tech sector. Palantir's AI platform secured record deals, with over 50 worth more than $10 million each, totaling nearly $3 billion. As the company continues to capitalize on the AI boom, investors wonder if the growth can be sustained amidst a potential market cooldown.
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