🚀 Palantir on the rise: What's behind the recent growth?
Palantir Technologies Inc $PLTR+1.2% is an American software company that specializes in developing data analytics and management tools, primarily for government and security agencies.
The company is known for its products such as Gotham a Foundrywhich enable the processing of large amounts of data and provide analytical tools for real-time decision making.
By working closely with government organizations and technological innovations, the Palantir has become a key player in data analytics, with a significant share of revenue coming from government contracts.
Palantir
PLTRPalantir's shares have seen a rise of almost 40 % 📈, as a result of great results and another strategic partnership with Microsoft $MSFT+1.8%. This alliance will allow both companies to deliver secure cloud, advanced analytics, and artificial intelligence capabilities directly to US defense and intelligence agencies.
Palantir is already acquiring 54 % of its revenue from government clients, remaining a key player in technology solutions for the government sector. The company will use this new partnership to expand its product offerings, including well-known tools such as Gotham, Foundry, Apollo and AIP, which will be integrated with Microsoft's cloud services .
📊 Earlier this week Palantir Additionally, Palantir raised its annual revenue estimate to 2.74 billion to $2.75 billion, which exceeded market expectations. CEO Alex Karp emphasized in a letter to shareholders that annual revenue from U.S. government contracts surpassed for the first time billion dollars.
The partnership with Microsoft represents a significant step forward that not only strengthens the position Palantir in the market, but also confirms its strategic importance in the defence and intelligence technology sector.
Palantir's shares have risen by an impressive 81% since the beginning of the year and with the new moves, it is clear that their potential is definitely not ending! 🚀
What is your opinion of Palantir and what do you see for the future of the company?
Personally, I have no interest in investing in a company that was founded with CIA money to supply analysis to law enforcement agencies. It's quite strange to see some libertarians, for example, holding this stock and not getting the context.
Super stock, but unfortunately the stock is currently expensive.