Palantir Technologies Inc. - Class A Common Stock (PLTR)
83.65
0.00 (0.00%)
Palantir Technologies is a public software company that specializes in big data analytics and provides platforms for organizations to integrate, visualize, and analyze large amounts of data from disparate sources
Its flagship products, Palantir Gotham and Palantir Foundry, are designed to assist government agencies and commercial enterprises in making data-driven decisions by offering advanced analytical capabilities, collaborative tools, and visualization features. The company has gained prominence for its work with intelligence and defense organizations, as well as its growing presence in various industries such as finance, healthcare, and manufacturing, enabling clients to derive actionable insights and enhance their operational efficiency.
Martin Shkreli, the controversial former hedge fund manager known as "Pharma Bro," questioned but ultimately defended Palantir Technologies Inc.'s growth projections on Wednesday, calling analysis of the company's $4 million average revenue per customer "flawed."
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Shares of data-mining and analytics company Palantir (NYSEPLTR)
jumped 7% in the pre-market session after the company revealed new commercial customers, including Walgreens Boots Alliance and Heineken. This signals that Palantir's commercial business is gaining traction beyond its traditional government contracts. Signing up major names like Walgreens Boots Alliance and Heineken highlights a shift that could help diversify its revenue streams.
Stocks surged Wednesday morning, with major indices poised to snap a two-day losing streak, as cooler-than-expected inflation reinforced expectations for Federal Reserve rate cuts in 2025.
