Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Peter Thiel’s startup Palantir rides AI wave, gains 14% profit

Source Cryptopolitan

The AI-driven data analytics company Palantir Technologies has captured Wall Street’s attention after its stocks soared about 14% in its latest Q3 report.

Palantir’s revenue exceeded analysts’ forecasts as the AI startup reported a third-quarter revenue of over $725 million. The reported figure is about 7% more than its performance from the previous quarter and 30% more than the year before.

Palantir benefits from a growing AI market

Speaking about his company’s strong third-quarter numbers, CEO Alexander Karp attributed the performance to the “unrelenting demand for AI.” The AI market has continued to post impressive growth statistics, and companies like Palantir are beneficiaries of the surge in this emerging technology.

Following the release of the report, the company’s stock shot up by 11%. Its shares are already up about 141% this year. This growth may also be attributed to its recently launched AI platform, which powers AI-driven data analytics across various sectors including the military.

“The world is in the midst of a US-driven AI revolution that is reshaping industries and economies, and we are at the center of it,” said Karp.

Palantir seems well-positioned to take advantage of the increased demand for AI and data analytics in the defense sector. The firm lists the US government as a major customer. Its US commercial revenue is up by 54%, worth about $179 million, while its US government revenue rose by 40%.

Palantir predicts its 2024 revenue will be around $2.8 billion, and it expects to earn over $767 million in the year’s fourth quarter.

Following the company’s steep rise in 2024, it joined the S&P 500 index, which tracks the 500 largest companies in the US by market capitalization.

Wall Street wary of Palantir’s valuation

Palantir is a data analytics and machine learning firm that serves government agencies and commercial customers. It was founded in 2003 by former PayPal CEO Peter Thiel, Alex Karp, and Stephen Cohen.

Palantir’s stocks are currently trading at a price-to-sales ratio of 40 and a price-to-earnings ratio of 246, which appears to be on the high side. Some attribute this overperformance to the “S&P 500 Effect.” This set of analysts also believe the stocks are overpriced and are due to drop eventually. They cite that the shares are currently trading at about 32 times the forecasted revenue for 2025.

However, other analysts expect Palantir’s revenue to grow by 24% in 2024 and 20.6% in 2025. Palantir continues to secure government contracts and now collaborates with all five branches of the US military and the UK’s National Health Service, which would provide a stable stream of revenue and probably help keep its valuation high.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

Oct 20, Tue

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Meta's AI bill just hit $145 billion — and it issued a new share class to pay for it Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

Author Irene Q.

Oct 22, Thu

Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 23, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Author Mitrade

Yesterday 02: 56

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 23, 2026. Read on for the details.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

20 hours ago

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Popular Symbols