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Palantir Technologies is a private American software company that specializes in big data analytics. Headquartered in Denver, Colorado, it was founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, Stephen Cohen, and Alex Karp. The company's name is derived from The Lord of the Rings where the magical palantír were "seeing-stones" which allowed their users to communicate with each other or to see faraway parts of the world, until they were corrupted by Sauron.
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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