Palantir Technologies is a public software company that specializes in big data analytics and provides platforms for organizations to integrate, visualize, and analyze large amounts of data from disparate sources. Its flagship products, Palantir Gotham and Palantir Foundry, are designed to assist government agencies and commercial enterprises in making data-driven decisions by offering advanced analytical capabilities, collaborative tools, and visualization features. The company has gained prominence for its work with intelligence and defense organizations, as well as its growing presence in various industries such as finance, healthcare, and manufacturing, enabling clients to derive actionable insights and enhance their operational efficiency.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
jumped 6.2% in the morning session after the company announced that it has been granted FedRAMP High Authorization for Palantir Federal Cloud Service (PFCS) and Palantir Federal Cloud Service - Supporting Services (PFCS-SS). This authorization enables Palantir to provide its products and services to the US government at a higher level. The milestone underscores Palantir's growing strength and progress in the federal market, a critical vertical that plays a significant role in driving the company's growth.
Salesforce Inc. and Palantir Technologies Inc. are spearheading what Wedbush Securities Managing Director Dan Ives calls an "AI revolution" in the enterprise software industry, in an interview on Tuesday, Dec. 3, 2024, with Oracle Corp. positioned to capitalize on the transformation in 2025.
Artificial intelligence (AI) has been the biggest investment theme over the past couple of years, as it rapidly transforms numerous industries. Investors are eager to identify the winners of the ongoing AI gold rush.