"Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) plunged nearly 13% before recovering almost all of that loss to finish the past five trading sessions up 0.85%. Despite last week's AI-fueled sell-off, the stock is up 157.49% in 2025. Over the past year, PLTR is up more than 221%, and since going public on Oct. 2, 2020, it has gained an eye-popping 2,004.46%."
"When Palantir reported Q3 earnings on Nov. 3, it topped quarterly estimates and issued strong guidance, assigning its strong growth to adoption of its AI software platforms. The company beat on the top and bottom lines, with EPS of 21 cents versus 17 cents expected, and revenue of $1.18 billion versus $1.09 billion expected. Earlier in September, the company announced a new defense partnership with the U.K. government valued at £1.5 billion."
Palantir's shares plunged nearly 13% last week before recovering to finish the past five trading sessions up 0.85%. The stock is up 157.49% in 2025, up more than 221% over the past year, and has risen 2,004.46% since its Oct. 2, 2020 IPO. Q3 results on Nov. 3 beat estimates with EPS of 21 cents versus 17 cents expected and revenue of $1.18 billion versus $1.09 billion expected, and management attributed growth to adoption of AI software platforms. Palantir secured major government contracts including a £1.5 billion U.K. defense partnership, a $10 billion U.S. Army deal, and other federal contracts, positioning the company as a Big Data industry leader amid strong market growth projections.
Read at 24/7 Wall St.
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