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Palantir Technologies (NASDAQ: PLTR) experienced a significant 54% increase in U.S. commercial revenue last quarter, reaching $179 million, while its commercial customer count rose by 77%. The company has integrated AI into its solutions, which cater to both government and commercial clients, and recorded a 30% overall revenue growth.
AppLovin (NASDAQ: APP) has seen its software platform revenue surge by 66% to $835 million, driven by the adoption of its AI-powered Axon 2 solution in gaming apps. The company’s enhanced technology has contributed to its gross margin climbing from 69.3% to 77.5% year-over-year.
Broadcom (NASDAQ: AVGO) reported over $12 billion in custom AI chip revenue for fiscal 2024, with significant customers including Alphabet, Meta Platforms, and ByteDance, all planning to deploy 1 million AI chip clusters by 2027. This growth positions Broadcom to capture a projected addressable market of $60 billion to $90 billion as demand for AI chips accelerates.
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