Palantir yahoo

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The software and AI company also issued full-year operating profit guidance that was better than expected. CEO Alex Karp says the company is seeing "surging demand For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. And what's interesting here is the company's first quarter forecast looks to be short of estimates. But that's not dinging the shares. This was also capping off the first profitable full year for the company.

Palantir yahoo

Shares of Palantir Technologies PLTR fell sharply after analysts at William Blair raised concern about the potential of the Army renewing a contract with the tech company. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Shares sliding as William Blair analyst note potential downside risks for the company. Concerns rising after a presentation given by US Army officials alludes to a data ownership conflict with Palantir. So this one I mean, first of all, just to put that slide in context. I mean, this one has been a true winner this year. I mean, investors have piled into this one as they think it's a way to play the AI theme. But we are sliding today. So William Blair throwing some cold water. That's what seems to have spooked folks. And they do have an underperform rating on it already, right, as they come out with this comment, the William Blair that is. And William Blair also looking at other government contractors to draw the comparison here. Very traditional firms that have worked with the government for a long time, the likes of Booz Allen or General Dynamics, right. SAIC, for example, all of them develop software systems for the army.

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Palantir Technologies, Inc. It operates through the Commercial and Government segments. The Commercial segment offers services to clients in the private sector. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. Its products include Palantir Gotham and Palantir Foundry. This browser is no longer supported at MarketWatch.

Therefore, Palantir showed it is successfully building its business outside its legacy government sector. While Microsoft infused billions into OpenAI, with Amazon and Alphabet following suit by investing into Antrophic, Palantir tried to stand out with a unique lead generation strategy. In alone, Palantir successfully hosted over of those boot camps with growth of its private sector software users showing they did a good job of luring them in. Palantir has delivered when it comes to profitability and it passed the test of consistency. Like Microsoft and Amazon, Palantir showed what AI can do for business with expanding margins flowing to the bottom line, along with compounding cash flow. It is not intended as investing advice. This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Palantir yahoo

The firm argues that Palantir's valuation has become unsustainable on the back of an artificial intelligence boom that has not yet materialized. While acknowledging Palantir has promising technology, Thill believes "the hype is ahead of the reality. For Palantir and similarly hyped names, he advises investors to wait until the AI hype wears off "and then come back to these names at a lower level. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith. The firm says the company has seen quote, "unsustainable valuation levels on the back of AI euphoria. For more on the software space, we're joined by Brent Thill, Jefferies senior analyst.

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And Palantir's competitors may not have solutions as bespoke as Palantir does. Amazon S3 to Yahoo. Palantir Foundry to Zuora. So what that means is that Palantir is it has incredibly high switching costs. And that's probably significantly high, especially in the current market for AI talent. But from here, incrementally, how much pricing can they push through to some of those portfolio clients? So what that means is that Palantir is it has incredibly high switching costs. Access Premium Tools. Chrome Safari Firefox Edge. Palantir Foundry to Amazon Kinesis. Sync your data. Foundry was built and tested in crises when time matters most. FTSE 7, Palantir Foundry to Azure Functions.

According to the Board, Altman's departure "follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI. This move signals Microsoft's commitment to leading the rapidly growing AI market.

Other News Press Releases. Palantir Foundry to Rudderstack. And William Blair also looking at other government contractors to draw the comparison here. So their shares up Palantir Foundry to Box. And the reason is that US companies typically are early adopters of new technology. Tech Earnings Make It Clear. Indian drugmakers aiming to grab a slice of the burgeoning weight-loss treatment sales pie, both at home and abroad, have begun developing their own versions of Novo Nordisk's wildly in demand Wegovy. MongoDB to Yahoo. PLTR U. AHMED KHAN: For sure-- the thing is one thing very important to understand when talking about AI and some of these big data, data science projects that companies undertake is that you have to think about the opportunity cost, right?