Palantir surges: Analyst explains why it has an edge over rivals
02/06/2024 22:44
Shares of Palantir Technologies (PLTR) surging on its fourth-quarter earnings report, with the results driven by increased demand for the company’s AI offerings. Morningstar Technology Equity Analyst Ahmed Khan joins Yahoo Finance Live to weigh in on the results and comments from Palantir CEO Alexander Karp about the company’s trajectory. Khan believes the strength in the US commercial side of the business "is a very good sign for Palantir,” due to the early- adoptive nature of the US market. Palantir has an edge against competition, Khan argues, saying “Palantir’s competitors may not have solutions as bespoke as Palantir does.” 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 Eyek Ntekim
Shares of Palantir Technologies (PLTR) surging on its fourth-quarter earnings report, with the results driven by increased demand for the company’s AI offerings.
Morningstar Technology Equity Analyst Ahmed Khan joins Yahoo Finance Live to weigh in on the results and comments from Palantir CEO Alexander Karp about the company’s trajectory.
Khan believes the strength in the US commercial side of the business "is a very good sign for Palantir,” due to the early- adoptive nature of the US market. Palantir has an edge against competition, Khan argues, saying “Palantir’s competitors may not have solutions as bespoke as Palantir does.”
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 Eyek Ntekim