Palantir Tumbles as U.S. Commercial Tops Government — SkimNews
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- Palantir reported booming U.S. commercial revenue growth, with commercial revenue topping government revenue for the first time.
- Palantir shares tumbled despite a big earnings boost from U.S. customers, while investors questioned the staying power of the company’s AI-fueled growth.
Why it matters: For investors, U.S. commercial revenue topping government revenue for the first time marks a concrete change in Palantir’s customer mix; the simultaneous share decline shows that the market still questioned the staying power of its AI-fueled growth even after earnings received a big boost from those customers.
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