What's Going on With Palantir Stock on Wednesday?
Palantir Technologies Inc stock jumped Tuesday after reporting Q2 revenue growth of 93% and boosting full-year revenue guidance.
Palantir made way more money than expected last quarter and promised even bigger earnings ahead, which made its stock price go up. When a company grows this fast and feels confident about the future, investors get more interested in owning a piece of it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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