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Why Palantir Stock Popped 35% This Week

TheMotleyFool

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Why Palantir Stock Popped 35% This WeekPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of Palantir Technologies (NYSE: PLTR), an artificial intelligence (AI) data analytics company, jumped this week after the company reported better-than-expected third-quarter results and issued guidance that impressed investors.

Palantir's stock was up 35% this week, as of this writing, pushing the company's stock up more than 200% over the past 12 months.

Referring to its artificial intelligence platform (AIP), Palantir's chief revenue officer Ryan Taylor said on the company's earnings call, "In this winner-take-all AI economy, the divide is widening between those who are leveraging AIP and those who are not."

Source Fool.com

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