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00:02Palantir technology stock surged over 23 percent after third quarter results
00:07exceeded expectations, driven by strong U.S. government spending on AI solutions.
00:13Government revenue jumped 40 percent year over year, largely attributed to a new $100 million
00:18U.S. military contract. Palantir's commercial revenue fell short, missing the expectations.
00:24CEO Alex Karp defended the company's controversial stance
00:27on supplying AI technology for defense, stressing its role in national security.
00:32For all things money, visit Benzinga.com slash GSTV.
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