Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

Shares of the company rose about 8% in extended trading. The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI-related scenarios. It also raised its annual forecast range for adjusted income from operations to between about $1.05 billion and $1.06 billion.