Why Palantir Technologies Stock Rallied on Tuesday
Shares of Palantir Technologies (NYSE: PLTR) charged out of the gate on Tuesday, spiking as much as 13.8%. As of 11:37 a.m. ET, the stock was still up 12.1%.
The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was the company's quarterly financial report and management's bullish commentary that suggested there was more to come.
For the second quarter, Palantir generated revenue that accelerated to 27% year over year (and 7% sequentially) to $678 million.
Source Fool.com
