Palantir Stock Jumps as AI Powers Growth. Is It Too Late to Buy the Stock?

Palantir Technologies (NYSE: PLTR) shares rocketed higher after the company once again reported accelerating revenue growth and boosted its full-year guidance. The stock has nearly tripled in price year to date.While Nvidia has become the winner of artificial intelligence (AI) infrastructure, Palantir is beginning to establish itself as one of the biggest AI winners on the software side. Let's take a closer look at the company's third-quarter results and whether it's too late to buy the stock.For the fifth straight quarter, Palantir's revenue growth once again accelerated. In a little over a year, its revenue growth has gone from 13% in the second quarter of 2023 to 30% this past quarter. In the prior quarter, Palantir grew its revenue 27% year over year. Growth within existing customers was strong, with trailing-12-month net dollar retention coming in at 118%. This metric measures the growth of customers that have been with the company for more than a year minus any churn of those customers. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool