Palantir boosts its earnings forecast on strong AI demand, but stock falls
MarketWatch -

Palantir Technologies Inc. boosted its outlook on Monday afternoon as the company's AI platform continues to gain traction.

In related news

  • Palantir raises 2024 forecast on robust AI demand

    Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications. The company has emerged as a winner of the generative AI boom thanks to its artificial intelligence platform, which is used to test and debug code and help evaluate AI-related scenarios, among other uses. AIP is driving a huge part of both our new...
  • Palantir raises 2024 forecast on robust AI demand

    Data analytics firm Palantir Technologies raised its annual revenue and profit forecast and beat first-quarter sales estimates on Monday, riding on strong demand for its services that help businesses deploy artificial intelligence applications. The company has emerged as a winner of the generative AI boom thanks to its artificial intelligence platform, which is used to test and debug code and help evaluate AI-related scenarios, among other uses. "AIP is driving a huge part of both our new...
  • Lyft forecasts strong quarterly earnings as ride-hailing demand picks up

    Since CEO David Risher took charge last April, the company has cut hundreds of jobs, reduced the firm's losses, and managed to keep fare increases in check.