Palantir shares jump on upbeat revenue outlook as businesses adopt AI
Feb 04, 2025
Today, there is news about a company called Palantir that helps businesses with software and data analytics. Their shares went up by 18% because they are making a lot of money from businesses wanting to use artificial intelligence. The company's value is around 35 billion dollars now.
People are excited about Palantir because they are good at using AI technology. They help businesses test and improve their code with AI. This is important for companies that want to use AI. The company's Chief Revenue Officer said they don't want clients to use AI models from another company called DeepSeek, but they will still work with them if they choose to.
Palantir's value is growing, and many analysts think it will continue to do well. They say it's like the Michael Jordan of AI stocks, meaning it's doing really well. The company is also helping businesses with supply chain and logistics management, especially with new tariffs being imposed.
Overall, Palantir is a popular company in the world of business and technology. They are good at using AI to help businesses improve. This news is important for people who follow stocks and investing. It shows how a company like Palantir can grow and be successful in the business world.