Palantir forecasts 2025 revenue above estimates on AI strength, shares surge

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Palantir forecasts 2025 revenue above estimates on AI strength, shares surge - Channel News Asia

Quick Summary:

:Data analytics firm Palantir forecast first-quarter and annual revenue above Wall Street estimates on Monday, betting on robust demand for its software from companies adopting generative AI, sending its shares up about 12 per cent after the bell.

On an adjusted basis, Palantir earned 14 cents per share in the fourth quarter, beating estimates of 11 cents.

Chinese startup DeepSeek's AI models that it claimed can match or even outperform Western rivals at a fraction of the cost had stirred doubts about the United States' lead in the technology and the high costs of GenAI development.