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Why Palantir Stock Was Soaring Today

TheMotleyFool

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Why Palantir Stock Was Soaring TodayPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Shares of Palantir (NYSE: PLTR) were soaring today after the artificial intelligence (AI)-focused software stock posted better-than-expected results in its third-quarter earnings report last night, as revenue growth accelerated for the fifth quarter in a row. It posted strong margin expansion as well.

As of 10:02 a.m. ET, the stock was up 20.3% on the news.

Image source: Getty Images.

Source Fool.com

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