Data analytics company Palantir released strong third-quarter earnings, triggering a positive market reaction. Its shares closed up more than 19% on Monday, largely driven by growing demand for large language models, particularly from the U.S. market. Palantir's success shows that artificial intelligence technology has huge potential for commercial applications and is generating significant financial returns for companies.
Data company Palantir's stock price surged more than 19% after Monday's earnings report, and revenue increased 20% year-on-year to $608 million, mainly affected by the continued growth in demand for large-scale language models in the United States. The company's net income and earnings per share grew significantly, and the number of commercial customers also increased.
Palantir's outstanding performance heralds the booming development of the artificial intelligence-driven business analysis field and also provides positive market signals for other related companies. In the future, as artificial intelligence technology continues to mature and application scenarios expand, data analysis companies like Palantir are expected to usher in greater development opportunities.