TECH - Palantir Joined Amazon And Microsoft In Showing That AI Already Lived Up To The Hype | Benzinga
Although much of the AI buzz has been somewhat saved for the magnificent seven, which are Microsoft Corporation (NASDAQ: MSFT), Amazon.com Inc (NASDAQ: AMZN), Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Nvidia Corporation (NASDAQ: NVDA) and Tesla Inc (NASDAQ: TSLA), there are other companies successfully riding the wave. Last week, Palantir Technologies Inc (NYSE: PLTR) reported its fourth quarter earnings and it topped estimates fueled by AI demand that continues to be unrelenting in the U.S.
Fourth Quarter Highlights
For the quarter ended on December 31st, Palantir reported revenue grew 20% YoY to $608.4 million, topping LSEG’s estimate of $602.4 million. Net income grew from $30.9 million, or 1 cent per share Palantir earned in 2022’s comparable quarter to $93.4 million, or 4 ...