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Summary
- Palantir’s share price has crossed $20, pushing its market capitalization past $40 billion, benefiting from artificial intelligence and its robust big data platform.
- The company had a strong Q1 with 40% YoY growth in its US commercial segment and overall revenue growth of 21% YoY.
- Palantir has won significant contracts, including a $178 million deal with the US Army, and has identified $90 million in savings for the VA, showcasing the strength of its offerings.
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Palantir (NYSE:PLTR) has benefited from artificial intelligence as it becomes a large big data company. Meanwhile, its share price has crossed $20, pushing its market capitalization past $40 billion. The company has a robust big data platform, and now that artificial intelligence has companies searching for innovation again, the company is well positioned to grow long-term revenue and earnings with robust contracts.
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