Palantir Shares Fall After Record Run-Up Despite Sales Surge
Update: 2025-11-04
Description
Palantir Technologies, known for its AI software, reported impressive earnings with profits of twenty-one cents a share, beating estimates. The company's yearly revenue run rate is four billion dollars, growing at sixty-three percent, leading to a valuation unprecedented in the industry. CEO Alex Karp acknowledged the sky-high valuation and highlighted growth in the US, with commercial sales up one hundred twenty-one percent and US government business up fifty-two percent. However, growth in Europe is slower, and the US remains the dominant market. Karp's outspoken support of US and Israeli priorities has earned him a loyal following among investors. Palantir's platform helps clients make faster, smarter decisions, and the company is expanding into new markets like Poland. Despite a slight dip in share price after the earnings call, Karp remains confident in Palantir's momentum and AI demand.
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