Palantir and Astera Labs Stocks Rise More Than 20 Percent After Earnings Beat

Palantir and Astera Labs Stocks Rise More Than 20 Percent After Earnings Beat
The logo of U.S. software company Palantir Technologies in Davos, Switzerland, on Jan. 22, 2020. Arnd Wiegmann/Reuters
Panos Mourdoukoutas
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Palantir Technologies and Astera Labs are capitalizing on the artificial intelligence (AI) boom, and reported top- and bottom-line third-quarter results that beat analyst estimates, drawing the attention of Wall Street.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”