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Palantir Technologies shares surge amid expectations of expanded AI software spending

The Motley Fool +1 ·

PLTR Palantir Technologies Inc
$209.00 -0.02%
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  1. 1Palantir Technologies shares have recorded a 70% increase since early August.
  2. 2AI software spending is projected to increase to $452.5 billion this year.
  3. 3Palantir Technologies secured $3.37 billion in new contracts in the second quarter.

So what's the key point?

Palantir Technologies shares rose significantly due to expectations that spending on artificial intelligence software will increase. The company is growing by securing $3.37 billion in new contracts recently.

Source The Motley Fool +1 · View original ↗

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