Palantir increased more than 24% on Tuesday to a record maximum after reporting stronger than the expected fourth quarter Results and guidelines guided by liquid gains of artificial intelligence.
The company’s shares have grown abruptly from 36% from the beginning of the year and have been in step with the best day in almost a year. The move pushed its market capitalization in the immediate vicinity IBM and Cisco systems.
The Denver headquartered software company has announced an adapted earnings of 14 cents per share and $ 828 million in revenue. This surpassed 11 cents per share and revenue of $ 776 million, which are analysts who surveyed LSEG.
Palantar also issued exciting guidelines for the current quarter and the whole year. In the first quarter, the company predicted the revenue between $ 858 million and $ 862 million. The LSEG estimate has asked for $ 799 million. The company projects sales from $ 3.74 billion to $ 3.76 billion for the whole year, on the eve of an estimate of $ 3.52 billion.
S Palantor provides software and technological services and is best known for working with defense agencies.
In a letter to shareholders, the co -founder and executive director Alex Karp called the momentum in his commercial and government segments “as opposed to everything that came before.”
The company reported to 64% of the growth of its commercial revenue in the United States, while the US government revenue increased by 45% compared to the year. Palantir predicted 54% of US commercial sales at 2025.
“We are on the road on the road of our trajectory, we are on our way to the beginning of the revolution and we are planning to be a foundation stone – if not Cornestone Company – and to drive this revolution in the United States for the next three to five years,” Karp said during the invitation of earnings.
Karp said that Palantor was “very long America” and that the country was headed “more deadly” to scare opponents.
His comments come after Deepsek’s rise in popularity last week shook financial markets and caused concern about high costs associated with AI models.
“I hope to wake up America,” Karp told CNBC Morgan Brennan. “Just because we are the first initiator and we have the best technological scene, and we inventors and we are builders do not mean that opponents can’t copy and we just have to continue running.”
Several Wall Street companies have raised their prices to stocks after the report. Mariana Perez Sea Bank of America called the AI Company AI “Adder’s value” and raised its price, while Morgan Stanley upgraded stocks to equal weight of overweight,
“Considering the strength of the prospect, we admit that we have made a mistake in our fundamental fundamental catalyst of growth of growth below 30% because of stricter comparisons in 2025,” wrote Sanjit Singh analyst. “This leaves us an assessment as a primary remaining concern.”
