RESOLVING THE LEDGER
This is one outlet's own report from The Motley Fool — the article as it was filed. Other outlets are covering the same event; open the full story to compare every source side by side.
See the full story · 4 sources
Palantir Technologies (NASDAQ:PLTR) , an AI-powered decision software provider, closed at $172.01, up 10.32%. Today’s gains built on its post-earnings strength and Bank of America ’s (NYSE:BAC) upbeat view, while investors are watching further upside after the quarter and commercial AI demand. Trading volume reached 76.2 million shares, coming in about 75% above its three-month average of 43.5 million shares. Palantir Technologies IPO'd in 2020 and has grown 1,711% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,758, up 0.62%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,690, up 1.30%. Among enterprise software and AI-driven data analytics peers, Snowflake (NYSE:SNOW) closed at $330.49, up 3.93%, and Datadog (NASDAQ:DDOG) closed at $233.93, up 2.02%, a sign that software investors are still weighing AI demand and spending trends.
The AI data analytics software company was one of the big gainers in software names today. Momentum in Palantir shares began after its stellar earnings report earlier in the week. Investors are embracing software names like Palantir that are leveraging artificial intelligence and machine learning to provide insights and solutions for complex data sets.
Continue reading
AIPROPX is an independent multi-source news index — we track, compare, and connect coverage from across the web into one place you won't find anywhere else.