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PLTR raised revenue outlook and believed "AI demandwon’t slow down": Buy, Sell, or Hold?
$Palantir (PLTR.US)$released its Q3 fiscal 2024 earnings report after the market close on November 4, showing a 30% year-over-year revenue g Show More
$Palantir (PLTR.US)$released its Q3 fiscal 2024 earnings report after the market close on November 4, showing a 30% year-over-year revenue growth. Net income was $143.5 million, or 6 cents per share, up from $71.5 million, or 3 cents per share, in the same quarter last year.
Palantir co-founder and CEO Alex Karp stated, “Our performance this quarter was lackluster due to the continued growth in demand for artificial intelligence, and this demand will not slow down.” The AI market is projected to rapidly expand from $184 billion this year to $827 billion by 2030. Capitalizing on this growth opportunity, Palantir's stock price has surged nearly 150% this year.

🎙️Discussion
1. After the PLTR earnings report, are you planning to adjust your holdings?
2. Will this earnings report from PLTR drive the stock price up?
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