Palantir continues to secure major contracts with both the U.S. government and international organizations, particularly in defense, intelligence, and national security. Its software is being increasingly integrated into critical government operations, solidifying its role as a key player in the public sector. Moreover, Palantir reported its first full year of profitability at the beginning of this year, which has been a significant milestone for the company. This shift to profitability has been a critical driver behind the stock’s recent rally, attracting institutional investors looking for sustainable growth. These factors, combined with its role in critical infrastructure and innovation, position Palantir as a strong contender in the tech space as of late 2024.
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Palantir (PLTR) Stock Skyrockets Amid Trump’s Victory
Konstantin Kaiser•Thursday, November 7, 2024•2 min read
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