Alphabet needs to go on a diet. Costs continue to surge at the parent of Google as revenue growth slows in a tougher economy. Alphabet’s earnings were down 24% to $1.06 a share in the third quarter, far short of the consensus estimate of $1.26 a share. Read More...
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Where Will Palantir Stock Be in 1 Year?
At the time, investors were impressed by the data-mining company’s formidable reputation and robust revenue growth, and the Reddit-driven rally in hypergrowth and meme stocks amplified its gains. Palantir collects and analyzes data through two main data analytics platforms: Gotham, which mainly supports government agencies; and Foundry, which serves commercial customers. When the company went public, Palantir’s government business grew at a much faster clip than its commercial segment.
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