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Palantir Technologies Inc. - $PLTR STOCK NEWS

Welcome to our dedicated page for Palantir Technologies news (Ticker: $PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Palantir Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Palantir Technologies's position in the market.

Rhea-AI Summary

Palantir Technologies Inc. (NYSE:PLTR) reported impressive financial results for the first quarter of 2024, with revenue growing by 21% year-over-year and achieving its sixth consecutive quarter of GAAP profitability. The company generated a GAAP EPS of $0.04 and an adjusted EPS of $0.08. US commercial revenue increased by 40% year-over-year, government revenue grew by 16%, and the company maintained a strong cash position. Palantir also provided a positive outlook for Q2 2024 and the full year, raising its revenue and income guidance across the board.

Rhea-AI Impact
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-15.11%
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Rhea-AI Summary
Palantir Technologies Inc. (NYSE: PLTR) has been designated as an 'Awardable' vendor for the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace. Palantir's AI Mission Command Capability and Predictive Maintenance & Precision Sustainment Suite are now available to support critical missions across the Department of Defense (DoD). The Tradewinds Solutions Marketplace aims to accelerate the procurement and adoption of emerging technologies, providing a contracting pathway for firms like Palantir. Palantir's inclusion in the Marketplace highlights the value it brings in delivering innovative, AI-enabled mission command and logistics capabilities to the DoD.
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-2.61%
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Palantir Technologies Inc. (PLTR) has announced the release date of its first quarter 2024 earnings, scheduled for May 6, 2024. The company will discuss the results in a webcast at 3:00 PM MT / 5:00 PM ET, with a live webcast and replay available on investors.palantir.com.
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-0.09%
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Palantir Technologies Inc. (PLTR) and the Colorado-Wyoming Regional Innovation Engine (CO-WY Engine) have been awarded the inaugural US National Science Foundation Regional Innovation Engines grant to support climate resiliency. The grant aims to accelerate innovation in environmental and climate technology, positioning the CO-WY Engine at the forefront of the nation's initiatives. Palantir will leverage its AI and data integration expertise to drive climate resilience efforts, creating new jobs and infusing $1 billion into the local economy.
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-3.4%
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Palantir Technologies Inc. (NYSE: PLTR) secures a $9.8 million contract with the Defense Information Systems Agency (DISA) to develop an Electromagnetic Battle Management - Joint Decision Support Prototype. The project aims to enhance Joint Electromagnetic Spectrum Operations for the Department of Defense, integrating with Service tools and processes. Palantir's cutting-edge software will automate key operational electromagnetic spectrum planning processes, supporting joint force commanders in achieving spectrum dominance.
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Palantir (PLTR) collaborates with the Ministry of Education and Science of Ukraine to provide technology for safe in-person learning, aiming to support 300,000 more pupils. The partnership focuses on enhancing educational safety, implementing risk ratings for schools, and supporting offline learning initiatives in response to the impact of the war in Ukraine.
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-6.12%
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partnership
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Palantir Technologies Inc. (PLTR) announces over 60 customers showcasing their work in the Artificial Intelligence Platform (AIP) at AIPCon, with the unveiling of 20+ new customers & partners. AIP Bootcamps have seen 850 completions globally, with notable customers like Lennar, General Mills, and OpenAI presenting at the event.
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9.87%
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Palantir Technologies Inc. (PLTR) secures a $178.4 million prime agreement with the Army for the development of the Tactical Intelligence Targeting Access Node (TITAN) ground station system. The agreement includes the development of 10 TITAN prototypes, integration of new critical technologies, and fielding transition. Palantir's TITAN solution aims to enhance target recognition and geolocation through AI/ML, reducing sensor-to-shooter timelines and providing real-time actionable intelligence for the Army.
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9.87%
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Red 6 and Palantir Technologies Inc. (PLTR) partner to integrate Red 6's augmented reality technology with Palantir's Mixed Reality platform Ontology Software Development Kit (OSDK) to enhance decision-making for the Department of Defense's Joint All-Domain Command and Control (JADC2) vision. The partnership aims to provide timely, relevant data to warfighters, reducing cognitive load and enabling at-speed decisions across domains.
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-0.96%
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Rhea-AI Summary
Palantir Technologies Inc. partners with the Government of Ukraine to digitize demining operations and support the goal of demining 80% of potentially mined land within 10 years. The partnership aims to enhance coordination, prioritize resources effectively, and leverage AI technology for decision-making in mine action.
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-3.57%
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Palantir Technologies Inc.

NYSE:PLTR

PLTR Rankings

PLTR Stock Data

46.88B
1.99B
6.19%
41.55%
3.72%
Software Publishers
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United States of America
DENVER

About PLTR

palantir technologies builds software platforms that help human experts perform powerful, collaborative analysis of data at scale. palantir’s software is deployed at public institutions, private enterprises, and in the non-profit sector to address the challenges of responsibly making sense of complex, diverse data. palantir's solutions are backed by our data fusion platforms: palantir gotham and palantir metropolis. these technologies for integrating, visualizing, and analyzing massive amounts of information are revolutionizing the work being done in pursuit of many of the world’s most critical missions, from defense to anti-fraud to disease response. palantir is headquartered in sunny downtown palo alto, ca with offices around the world.