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Why Palantir Stock Soared Today

TheMotleyFool

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Shares of Palantir Technologies (NYSE: PLTR) surged on Thursday after the data analytics leader delivered strong second-quarter growth metrics. As of 12:50 p.m. EDT, Palantir's stock price was up more than 10%.

Palantir's revenue rose 49% year over year to $376 million, fueled by new customer additions and higher sales to existing clients. That was well above Wall Street's expectations for revenue of $352.3 million.

Palantir's sales are surging. Image source: Getty Images.

Source Fool.com

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