In the days leading up to the Q3 print and since reporting blockbuster Q3 FY24 results on November 4, Palantir Technologies ($PLTR) stock has been

Palantir (NYSE: PLTR) has investors interested in the company following phenomenal results in 2024. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco! Learn more here.

Palantir’s Q3 shows strong AI-driven growth and profitability, but its high valuation raises concerns. Explore insights on performance and future potential.

Palantir Technologies helps the government and other clients with big data analytics, which involves analyzing massive volumes of information to discover patterns and actionable insights. It monetizes these services through a software-as-a-service (SaaS) business model, where the client gets continuous access to its platforms for a recurring fee.

Palantir's earnings continue to highlight the company's profitability. Read why PLTR stock valuation may seem excessive for some investors.

Shares of AI darling Palantir (NASDAQ:PLTR) went parabolic following the release of some exceptional quarterly earnings results. Now up more than 260% year to date, questions linger as to whether the AI-first big data analytics has what it takes to keep delivering profoundly strong quarters to support its remarkable rally.

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