Tag: $Palantir

Palantir Technologies stock was falling early Thursday after tumbling 10% late in the previous session as investors grappled with several reasons to suddenly worry about the red-hot artificial-intelligence stock.

Palantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. Shares are rising.

Shares of Palantir Technologies were higher in premarket trading Friday after the company said that it will transfer its stock to the Nasdaq Global Select Market. Shares rose 3.2% ahead of the morning bell to $61.10.

Palantir Technologies stock was climbing after the software company posted better-than-expected third-quarter financials and increased its guidance for the year. One analyst is concerned about where the beat came from

Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index.

For the June quarter, Palantir posted revenue of $678 million, ahead of Wall Street’s consensus of $653 million as tracked by FactSet. Adjusted profit was 9 cents a share, above Wall Street’s 8-cent estimate.

Palantir shares fell as much as 7% in extended trading on Monday after the defense-technology firm reported weaker-than-expected guidance.

Palantir Technologies Inc.  won a new Army contract involving artificial intelligence, the company said Tuesday. The contract supports the Combatant Commands (COCOMs), Armed Services, Intelligence Community and Special Forces as those groups “continue to test” AI capabilities, Palantir said in a release.