💨 Abstract

Palantir shares rose over 12% on Tuesday following the third increase in its annual revenue forecast. The data analytics firm, a significant winner in the generative AI boom, saw its shares double in value this year. Palantir's AI platform and government services, including military visualization software, drove demand. The company reported a 40% surge in revenue from U.S. government contracts, making up 44% of its total Q3 sales.

Courtesy: theprint.in