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Palantir Jumps 8% To Record High After Revenue Boosted By ‘Astonishing' AI Impact

1. Palantir reported $1B quarterly revenue, first time milestone achieved. 2. Shares surged 8%, reaching new intraday high of $176.33. 3. Palantir raised full-year revenue guidance to $4.14-$4.15 billion. 4. U.S. Army awarded Palantir a $10B software contract over 10 years. 5. Analysts are divided; some foresee unsustainable growth given current valuations.

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FAQ

Why Very Bullish?

Palantir's strong revenue and AI-driven growth signal robust future performance, echoing previous gains seen in tech companies like Microsoft after strong earnings.

How important is it?

The combination of strong financial performance, significant contracts, and analyst attention makes PLTR's outlook crucial for investors.

Why Long Term?

The $10B U.S. Army contract and raised guidance indicate sustainable growth potential over multiple years, similar to long-term contracts seen with companies like Lockheed Martin.

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