💼🚀 Palantir posts record results: shares fly up thanks to growing demand for AI!

Shares of Palantir Technologies Inc. $PLTR reach new highs today! 📈 After announcing better-than-expected third quarter results, their price jumped by more than 22 % to $51.10, the highest since the company went public in 2020.

This growth underscores Palantir's strategic importance in the field of artificial intelligence - a field that is rapidly changing the entire technology and business sector.

🔎 The key numbers speak clearly:

Q3 revenues: $725.5 million (+30% YoY), beating expectations USD 703.7 million.

Net profit: record USD 144 million.

Earnings per share: 10 cents (expectations were 9 cents).

Outlook for 2024: Assumes total revenue of $2.81 billion, beating analysts' estimates.

CEO Alex Karp emphasized that "The AI revolution, led by the United States, is transforming industries and economies, and we are right at the center of it." Palantir has earned the loyalty of government and commercial customers around the world who increasingly rely on the company's AI and analytics capabilities.

📊 Rocketing commercial revenue growth in the US. 50 % to more than $687 million. This growth is underscored by strategic partnerships and an innovative approach to sales, including training courses where Palantir teaches customers how to work with tools to help them better face challenges.

In addition, the company is strengthening its position through key partnerships, such as with Microsoftwhich allows Palantir to deploy language models such as OpenAI.

📈 Shares have been rising all year:Palantir's share price has risen by almost 200 %! This growth is largely driven by demand for AI, as well as its successful inclusion in the S&P 500 index , which has attracted new investors.

Government and defence as pillars of growth: Palantir is not only benefiting from a growing commercial sector, but is also consolidating its position in the government procurement arena, particularly through investments in defence. The company has announced that its defence spending has U.S. government revenues to its highest level in nearly four years.

💬 Message to individual investors: Palantir has a very loyal base of retail investors who enthusiastically share their support on forums like Reddit. As CEOAlex Karp said : "Our individual investors are close to our hearts - and I love to see them win."

The company is constantly striving to innovate and transform the world through cutting-edge technology. That's why Palantir is uniquely positioned to become driving the AI revolution v USA and globally.

What do you think of Palantir? Does anyone else hold shares?