Data analytics firm Palantir jumps as AI boom powers robust software adoption
- Palantir shares jumped over 12% on Tuesday after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor confidence that the artificial intelligence boom was fueling demand for its services.
But Palantir's results late on Monday allayed some of those fears as demand rose thanks to its AI platform, which is used to test, debug code and evaluate AI-related scenarios, as well as its government-oriented services that include software to visualize army positions. For the third quarter, the company saw its revenue from U.S. government contracts surge by 40%, which made up more than 44% of its total sales of $725.5 million.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Software firm Roper lifts annual forecasts above estimates on strong demandSoftware firm Roper lifts annual forecasts above estimates on strong demand
مزید پڑھ »
Poland's software firm TTMS plans to use IPO proceeds to fuel takeoversPoland's software firm TTMS plans to use IPO proceeds to fuel takeovers
مزید پڑھ »
As the data center industry booms, an English village becomes a battlegroundAI boom fuels demand for cloud-based computing from server farms around the world
مزید پڑھ »
Nvidia overtakes Apple as world's most valuable companyThe stock has surged nearly 190% so far this year as the boom in generative AI
مزید پڑھ »
Nvidia-backed AI firm Iambic unveils drug discovery 'breakthrough'Nvidia-backed AI firm Iambic unveils drug discovery ‘breakthrough’
مزید پڑھ »
US FCC opens probe into broadband firm caps on internet data useUS FCC opens probe into broadband firm caps on internet data use
مزید پڑھ »