February 4, 2025
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2:40Now PlayingPalantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.
Sales will be about $3.75 billion in 2025, the Denver-based company said Monday in a statement. Adjusted operating income will be about $1.56 billion. Analysts, on average, projected revenue of $3.54 billion and operating profit of $1.37 billion.
Best known for its national security work, and more recently its AI platform, Palantir’s stock surged 340% in 2024. The company rode a wave of investor excitement for AI, and more commercial and government customers started using Palantir’s data analysis software.
Dan Ives, global head of technology research at Wedbush Securities, explains why he sees Palantir as "the next Oracle or Salesforce." Dan speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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