“A key theme from this tech earnings season has been that AI monetization has begun to positively impact the tech sector with Microsoft, Datadog DDOG 0.38%, and Palantir PLTR3.64% all delivering robust results,” Wedbush analyst Dan Ives wrote in a research note Friday.
Other factors have helped push Palantir shares higher this year, including the company’s $463 million multiyear contract to deliver technology to the U.S. Special Operations Command, . .
Other factors have helped push Palantir shares higher this year, including the company’s $463 million multiyear contract to deliver technology to the U.S. Special Operations Command, . .
Palantir Technologies stock has been a tear following a month of positive news.
Palantir (ticker: PLTR) stock had risen over 3% to $20.48 Friday afternoon, and
was on pace for its highest close since November 2021, according to Dow Jones Market Data.
Shares have climbed 38% in November.
The company reported better-than-expected third-quarter financial results on Nov. 2 as it pushes
further into artificial intelligence-powered analytics applications.
The stock, which went public in 2020, is currently on pace for its best year on record after surging 217% year to date.
Nov 17, 2023, 3:23 pm EST
Nov 17, 2023, 3:23 pm EST
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