Tag: PLTR
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Meta Platforms and Nvidia Soar in Tech Industry Surge
Financial Performance For the first nine months of 2023, Meta Platforms reported a 12.3% increase in revenue year over year, amounting to $94.8 billion. Operating income rose by nearly 35% to $30.4 billion, while net income surged by 35.2% to $25.1 billion. The company continues to witness growth in its daily and monthly active users, […]
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Palantir’s Revenue Mix: Government vs. Commercial Growth and Future Prospects
The Revenue Mix: Shifting but Slightly Palantir Technologies (PLTR -1.02%) has been growing steadily, expanding its operations in analytics and artificial intelligence (AI). However, concerns have been raised about the company’s dependency on government contracts for growth. The recent change in administration’s policies and contract renewals might introduce uncertainty. In its most recent quarterly report, […]
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Palantir’s $115M Army Contract Extension Eases Bearish Concerns
A Significant Contract Continuation Palantir, a leading data analytics company, announced an extended partnership with the U.S. Army’s Program Executive Office for Enterprise Information Systems. The new one-year contract, valued at $115.04 million, includes various options, solidifying the company’s position as a key player in the Army’s data integration and operational analytics efforts. Army Vantage […]
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Stock Market Soars as Palantir & Avis Budget Impress Investors with Strong Earnings
Positive Stock Market Start to the Week The stock market had a good start to the new week on Monday, with gains of over 1% for the Dow Jones Industrial Average (DJI 1.11%), S&P 500 (GSPC 1.15%), and Nasdaq Composite (IXIC). The Consumer Price Index report for January is highly awaited by investors, who are […]
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The Next Week’s 2 Growth Stock Earnings I’m Watching
I’m keeping an eye on two growing firms that I’ve been following for a while this coming week. full-time father, part-time investor, and part-time writer. Mike enjoys writing about investing, sports, and technology. The last two weeks have been busy in terms of 2022 fourth-quarter earnings calls. The majority of the major technology companies reported […]