Palantir Technologies shares soared over 15% after the company reported fourth-quarter earnings and revenue that exceeded Wall Street's expectations. The software company attributed its success to artificial intelligence and its strategic positioning within the AI revolution.
Shares surged more than 15% on the strong results and outlook.shares surged more than 15% in extended trading on Monday after the software company reported fourth-quarter earnings and revenue that surpassed Wall Street's estimates.Sign up for NBC San Diego's News Headlines newsletter.
Palantir is a major provider of software and technology services to defense agencies. CEO Alex Karp attributed much of the company's growth to its use of artificial intelligence. This college major will ‘automatically give you an edge' in the job market, career expert says—especially in tech Palantir said its U.S. commercial revenue grew 64% from a year ago to $214 million, while U.S. government revenues rose 45% year over year to $343 million.
PALANTIR AI EARNINGS SOFTWARE TECHNOLOGY
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