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03.02.26 - 09:18
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Palantir beats Wall Street expectations amid Trump immigration crackdown (The Guardian)
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CEO Alex Karp hails 'iconic' financial results despite criticism over contracts with ICE and homeland securityPalantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration's push to deport immigrants.Palantir has secured millions of dollars in federal contracts amid Trump's crackdown on immigrants. The multibillion-dollar Denver-based firm creates tech focused on surveillance and analytics, to be used by the government agencies and private companies. Continue reading......
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03.02.26 - 00:42
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Palantir Sees Stronger-Than-Expected Sales Outlook, SpaceX-xAI Merger Confirmed (Bloomberg)
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Gil Luria, Managing Director and Head of Technology Research at DA Davidson, joins Bloomberg Businessweek Daily to discuss Palantir earnings, including the firm's better-than-expected forecast revenue for fiscal 2026 that significantly exceeded Wall Street expectations, a boost for the data analytics company after its shares have gotten off to a lackluster start so far this year. Annual revenue will be between $7.18 billion and $7.2 billion, the Denver-based company said Monday in a statement. Analysts, on average, estimated $6.27 billion. Luria also weighs in as Elon Musk's SpaceX announces it will acquire xAI, in a deal that encompasses the billionaire's increasingly costly ambitions to dominate artificial intelligence and space exploration. The transaction was announced in a statement on SpaceX's website signed by Musk, and confirmed an earlier Bloomberg News report. Luria speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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