Stocks Analysis by MarketBeat.com (Chris Markoch) covering: S&P 500, Palantir Technologies Inc. Read MarketBeat.com (Chris Markoch)'s latest article on Investing.com
PLTR stock is surging the day after the company delivered a stellar earnings report that included increased full-year guidance.
But those numbers look significantly stronger when you look at them year-over-year . Revenue was 27% higher YoY. That growth took place in both the company's U.S. government business and its U.S. commercial business . The company also posted 83% U.S. Commercial growth. In November 2023, Palantir met the threshold for inclusion in the S&P 500 by posting its fourth consecutive positive quarterly earnings. These results confirm that the company is not only staying profitable but also growing profits at a strong pace.
Many people understand the role that large language models play in deploying AI applications for enterprises. Palantir does offer its own LLM through its AIP platform, which is gaining traction. However, the company also delivers the infrastructure that LLMs need to help businesses make critical decisions. That’s where the company’s ontology comes in. That ontology, found in its Gotham and Foundry platforms, enables its customers to gather meaningful insights from whatever LLM they may use.
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