Feb 4th, 2025

Palantir Soars as AI Demand Drives Strong Guidance

Palantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software. Sales will be about $3.75 billion in 2025, the Denver-based company said Monday in a statement. Adjusted operating income will be about $1.56 billion. Analysts, on average, projected revenue of $3.54 billion and operating profit of $1.37 billion. Dan Ives, global head of technology research at Wedbush Securities, explains why he sees Palantir as "the next Oracle or Salesforce." Dan speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.