FILE PHOTO: The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo
(Reuters) -Palantir Technologies shares surged nearly 9% in early trading on Tuesday, after the company lifted its annual revenue forecast for the second time this year, banking on strong demand for its AI-related services from governments and companies.
Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, with Palantir being one of the biggest beneficiaries from increased U.S. defense spending.
