The provider of software for defense agencies jumped about 3% on Friday to a record, ranking the company among the top 20 U.S. firms by market value.
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Palantir
has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies.
The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company’s market cap to $375 billion, which puts it ahead of Home Depot
and Procter & Gamble
Palantir's government business along with developments in artificial intelligence have helped push the company's market value…
Over $73 billion has been wiped off high-flying Palantir’s market cap in recent days.
Since going public in 2020, the artificial intelligence software company has swung swiftly to a profit and sales are booming.
Analysts remained overwhelmingly bullish on Palantir, although the company's lofty valuation stood out as a sore spot for some.
The artificial intelligence-powered software company's cofounders include renowned venture capitalist Peter Thiel and current CEO…
The data analytics and defence software firm projected revenue in the range of US$4.14 billion to US$4.15 billion for 2025.
