This is a news story, published by Yahoo Finance, that relates primarily to Palantir Technologies news.
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AI workloadsThe Motley Fool
•84% Informative
Palantir Technologies ( NYSE : PLTR ) makes a strong candidate for future membership $1 trillion club.
The company's revenue climbed 21% year over year and 4% sequentially to $634 million in the first quarter .
Many believe it's only a matter of time before the company is selected for inclusion in the S&P 500.
However, this expansion will take years , if not decades, to play out.
Palantir Technologies could be worth $1 trillion in less than 10 years .
Management increased its forecast for the segment, guiding for growth of at least 45% for the year .
McKinsey & Company estimates the market for generative AI is worth between $2.6 trillion and $4.4 trillion annually .
The company has a long track record of issuing conservative guidance.
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