Palantir Technologies joins the S&P 500 on September 23, following record quarterly growth.
Palantir Technologies (PLTR) will join the S&P 500 on September 23, boosting investor interest. The AI-focused company reported its largest quarterly profit, with second-quarter revenue rising 27% year-over-year. Its U.S. commercial revenue grew 55%, and customer numbers soared from 14 to 295 in four years. Despite high valuation concerns, Palantir's strong growth potential makes it attractive for long-term investors in AI.
September 09, 2024
43 Articles