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Palantir Stock Soars After Artificial Intelligence Platform Success

US commercial revenue for Palantir more than doubled in 2023, rising 36% YoY to $457 million. Palantir also reported significant customer growth in the quarter, adding 221 US commercial customers. The increased interest in their AI platform is driving new customer additions.

by Terry Bingman
Tue, Feb 20, 2024 1:22pm
in Artificial Intelligence
• 2 mins read
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Palantir Stock Soars After Artificial Intelligence Platform Success | FinOracle

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Palantir Stock Surges as Artificial Intelligence Platform Drives US Commercial Growth

Palantir Technologies, the data analytics company known for its Artificial Intelligence Platform (AIP), has seen a surge in its stock as its US commercial business continues to accelerate. The company reported a 70% year-on-year increase in US commercial revenue to $131 million in the fourth quarter, marking a significant acceleration from the previous quarter.

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