Diamonds and Dogs
11/5/24
Palantir Technologies (PLTR) rose 20% after the AI software company reported strong earnings and sales growth while growing customer count by 39%. US government revenue grew 40% while commercial revenue rose 54%. Palantir also raised quarterly and full year guidance as management is seeing unrelenting AI demand that won't slow down. Management went on to say the world will be divided between AI haves and have-nots and Palantir plan to power the winners.
Archer Daniels Midland (ADM), the agricultural firm is down 9% following lower than expected earnings while also cancelling their earnings conference call due to continuing accounting issues. However, management did say the accounting issues would not have a materially impact which is good.
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