"Despite the past few weeks' AI-fueled sell-off, the stock is up more than 131% in 2025. Over the past year, PLTR is up more than 184%, and since going public on Oct. 2, 2020, it has gained an eye-popping 1,791.41%. 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."
"Earlier in September, the company announced a new defense partnership with the U.K. government valued at £1.5 billion. In late July, it was announced that Palantir secured a $10 billion software and data contract with the U.S. Army. In May, the Trump administration rewarded a federal contract worth hundreds of millions to Palantir with the objective of creating a database on every U.S. citizen."
Palantir experienced recent short-term declines but remains sharply higher, up over 131% in 2025, 184% over the past year, and 1,791.41% since its 2020 IPO. Q3 results beat expectations with EPS of $0.21 versus $0.17 and revenue of $1.18 billion versus $1.09 billion, and the company attributed growth to adoption of its AI software platforms. Palantir secured multiple large government and defense contracts, including deals with the U.K. and U.S. Army and federal contracts related to citizen and immigration databases. Market projections show data services expanding substantially, positioning Palantir as a major Big Data industry player co-founded by Peter Thiel.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]