Palantir (NYSE:PLTR) stock jumped 25% last Tuesday after the data analytics firm announced a surge in AI-related demand. U.S. commercial revenues rose 70% year over year, driven by a 55% increase in customer count and rising contract values.
Essentially, Palantir is finally seeing the benefits of the AI gold rush. Corporations are setting aside their misgivings about the often-controversial firm and paying top dollar for Palantir’s software-as-a-service (SaaS) offerings.
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