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PLTR - Palantir Is Experiencing A Once In A Lifetime Opportunity
Palantir Technologies Inc. Class A
2024-05-20 12:04:49 ET
Summary
Palantir's share price has crossed $20, pushing its market capitalization past $40 billion, benefiting from artificial intelligence and its robust big data platform.
The company had a strong Q1 with 40% YoY growth in its US commercial segment and overall revenue growth of 21% YoY.
Palantir has won significant contracts, including a $178 million deal with the US Army, and has identified $90 million in savings for the VA, showcasing the strength of its offerings.