Stock Market Weighs Response to Palantir’s Earnings Beat and Rate Cut Concerns – Full Analysis Here!

NEW YORK – Wall Street is cautiously watching as S&P 500 futures remained flat on Tuesday, following a sell-off triggered by concerns over higher bond yields and speculations about the Federal Reserve’s stance on rate cuts. Futures linked to the broad market index experienced a slight 0.04% drop, while Dow Jones Industrial Average futures declined by 0.2%. Meanwhile, Nasdaq-100 futures saw a modest 0.1% increase. The market saw notable movement from tech companies as Palantir …

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Artificial Intelligence Giant Palantir’s CEO Alex Karp Forecasts Huge Revenue Growth with Surging Demand

WASHINGTON, D.C. – Palantir, the data analytics company known for its work with the U.S. government, reported a 20% increase in revenue for the fourth quarter ending Dec. 31, 2023. The company’s revenue rose to $608.4 million, up from $508.6 million a year earlier. Palantir’s co-founder and CEO, Alex Karp, highlighted the company’s growth and expansion, emphasizing the surging demand for its Artificial Intelligence Platform. In a letter to shareholders, Karp expressed confidence in the …

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