Palantir

US stock market Friday closing : The Nasdaq Composite rebounded on Friday, driven by a surge in key technology stocks, after suffering its worst day in more than a month, as per a report. The tech-heavy index gained 0.6%, snapping a three-day losing streak, while the S&P 500 rose 0.3%,…

Alex Karp, the CEO of defense contractor Palantir, has been on the offensive lately. The billionaire with a penchant for making off-the-cuff remarks has sought to tamp down ongoing criticism and doubts about his firm, which is not only playing a pivotal role in the current presidential administration but has…

TLDR Palantir reported Q3 revenue of $1.18 billion, up 63% year-over-year, with net income rising 40% to $475.6 million The stock dropped 14% in the week following the November 4 earnings release despite record results U.S. commercial revenue surged 121% to $397 million, while U.S. government revenue jumped 52% to…

Home Market News Dow Jones gains 1,000 points in three sessions, ends at record high on shutdown optimism The Dow Jones surged, while other indices recovered on Tuesday, despite Michael "big short" Burry alleging that AI hyperscalers have artificially inflated their earnings numbers by understating their depreciation expenses on projections…

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This Media Buying Briefing covers the latest in agency news and media buying for Digiday+ members and is distributed over email every Monday at 10 a.m. ET. More from the series → Besides announcing solid third-quarter earnings last week (revenue is up, costs are down, new business has been steady),…

Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir's stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who…

Palantir CEO Alex Karp talks so much that you’d think that he just likes the sound of his own voice—though you wonder if he actually hears what he’s saying. The subject of the recently published Michael Steinberger book “The Philosopher in the Valley” popped onto The Axios Show this week…

Alex Karp, co-founder and CEO of Palantir, tells me on a new episode of "The Axios Show" that AI could lead to dysfunction and even violence if benefits aren't spread broadly to workers at all levels."Does the person on the factory floor in America — vocationally trained...Read More