Palantir surpassed Wall Street's estimates and lifted its full-year outlook

Palantir surpassed Wall Street's estimates and lifted its full-year outlook

The data analytics and defence software firm projected revenue in the range of US$4.14 billion to US$4.15 billion for 2025.

Palantir also hiked its full-year guidance given explosive growth in AI.

Palantir shares popped more than 8% after the software analytics provider lifted its full-year outlook, benefitting from ongoing AI tailwinds.

Since going public in 2020, the artificial intelligence software company has swung swiftly to a profit and sales are booming.

Palantir’s CEO Alex Karp is competing with Nvidia’s Jensen Huang for who can create the most billionaires on their team.