The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann//File Photo
(Reuters) - Palantir Technologies shares surged 18.7% in premarket trading on Tuesday, as the data and analytics company's strong fourth-quarter revenue growth led by increased demand for its AI offerings enthused investors.
Revenue from Palantir's commercial segment rose 32% year-over-year to $284 million in the reported quarter, helping the company post $608 million in overall revenue which beat LSEG estimates.
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