Palantir boosts Q4 outlook on AI platform demand

Palantir (PLTR) stock rose nearly 20% Thursday morning after the company updated its fourth-quarter guidance due to an increased demand for its AI platform. Revenue for Palantir’s third quarter increased 17% year-over-year to $558 million with the company raising fourth-quarter expectations to $599-$603 million. Yahoo Finance Anchors Brad Smith and Diane King Hall break down the numbers for Palantir and how the company will fare going forward.
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