Palantir delivered an encouraging financial performance in the third quarter. Its customer count increased 39% to 629, and the average existing customer spent 18% more. In turn, revenue jumped 30% to $726 million, the fifth straight sequential acceleration. Meanwhile, non-GAAP earnings soared 42% to $0.10 per diluted share.

As you can see, the company's price-to-sales ratio has nearly quadrupled over the last year. The P/S ratio isn't a perfect measure of valuation, but 67.5 is off-the-charts high. A P/S of 20 is typically considered expensive, even in an industry like software where stocks tend to earn high valuations.

Nvidia (NVDA) and Palantir Technologies (PLTR) have seen their stock prices skyrocket this year, reflecting the accelerated adoption and deployment of artificial intelligence (AI) technology across industries.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

Palantir Technologies stock (NASDAQ: PLTR) remains up by over 4x since the beginning of the year, trading at about $74 per share.

Stock market bulls fought back Friday, mitigating a bearish week. Palantir was among the winners. A government shutdown crisis is over. Here's what to do now.

Shares of both Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) have delivered stunning gains this year thanks to the growing demand for both artificial intelligence (AI) hardware and software,

With its stock up 2,500% in the past five years, it's perhaps not surprising that investors are looking for the next Nvidia (NASDAQ: NVDA). The company has been the biggest winner from the artificial intelligence (AI) boom and as a result has become one of the largest companies in the world.

"Buying the dip" is another way to say purchasing a stock after it's fallen in value. As the stock's price "dips" it may present an opportunity to pick up shares at a lower price with the goal of increasing your future gains, when the stock rebounds to continue its rally.

There's no way to deny it: 2024 was a stunning year for the stock market. As of this writing, the S&P 500 is up nearly 28% year to date. As always, there are stocks significantly outperforming this otherwise impressive return.

Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.

Nvidia (NVDA) and Palantir Technologies (PLTR) have seen their stock prices skyrocket this year, reflecting the accelerated adoption and deployment of artificial intelligence (AI) technology ...