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Palantir surges as AI to power growth after 'most significant' profit

(Reuters) -Palantir signaled on Thursday its artificial intelligence offerings would aid growth in the last three months of 2023, after delivering a fourth straight quarterly profit on growing demand for its data analytics services from corporates. The company's shares surged nearly 20% and CEO Alex Karp said the profit was the "most significant" in its 20-year history and it was now eligible for inclusion in the S&P 500. Palantir expects revenue to be between $599 million and $603 million in the fourth quarter, the midpoint of which was above analysts' estimates of $600.5 million, LSEG data showed.

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Palantir Stock News: PLTR gains as Powell's Jackson Hole speech approaches

Palantir (PLTR), a leading data analytics company, witnessed its share price dive on Thursday. PLTR stock dropped 7.6% to close at $14.14 and has con

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