Palantir Trims Post-Earnings Drop as Tech Stocks Diverge on Election Day
Palantir Technologies fought back from intraday lows on Tuesday, trimming losses to around 1.3% after third-quarter revenue surged 96%.
Archive
Palantir Technologies fought back from intraday lows on Tuesday, trimming losses to around 1.3% after third-quarter revenue surged 96%.
Palantir Technologies reported third-quarter revenue of $2.31 billion, surpassing analyst expectations as domestic commercial revenue outpaced its U.S. government business for the first time.
Major cybersecurity and cloud observability stocks dropped on Friday as Wall Street focused on ballooning AI infrastructure spending among cloud operators, overriding market attention on a $6.3 billion Binance cyberattack.