$Palantir Technologies Inc.(PLTR)$ announced yet another upward revision to its annual estimates in its Nov. 4 after-hours earnings report, with shares up more than 12% after hitting an all-time high.The company's shares have risen more than 140% since the beginning of the year.Palantir's performance has been particularly impressive against the backdrop of a general market rebound, largely due to its continued innovation in artificial intelligence (AI) and strong support from government spending.Financial performanceQ3 revenue of $726 million was up 30% year-on-year, beating market expectations of $704 million, with growth continuing to pull up sequentially from the previous quarter.Government revenue continued to rebound with 32.5% year-over-year
Palantir Hits $70: Is It the Next AI Multibagger?
On December 3rd, Palantir Technologies announced a new government security designation, allowing it to handle sensitive US government workloads in its cloud offering. Following the news, Palantir jumps 7% and hits new high of $71. ------------------- Is it the next AI multibagger? Will you hold Palantir for long term?
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