Core News Facts
Palantir Technologies (NASDAQ: PLTR) reported an 85% year-over-year revenue growth in its latest quarter, marking the company’s eleventh consecutive quarter of accelerating revenue growth, driven by a 42% increase in new U.S. commercial customers and a remarkable 150% net dollar retention rate. Despite experiencing a decline of 33% from its recent highs, Palantir continues to establish itself as a vital player in the AI sector by helping organizations leverage data more effectively.
Microsoft (NASDAQ: MSFT), currently down about 25% from its peak, has seen its Azure cloud computing division grow revenue by 39% last quarter, with Azure AI revenue soaring 123%. The company’s Microsoft 365 Commercial business also saw a 250% increase in paid Copilot users year-over-year, totaling 20 million seats.
AppLovin (NASDAQ: APP) has recorded a 59% revenue increase in its last quarter, but is currently down about 35% from its highs. The company’s growth has been propelled by its AI-powered Axon 2 machine learning engine and it is expanding offerings through a new self-service adtech platform, targeting smaller advertisers and new verticals like e-commerce.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
