AI & Enterprise
Palantir shares jump 12 percent after hours on 93 percent revenue surge; CEO calls it \'unrealistic quarter\'
Palantir Technologies shares jumped more than 12 percent in after-hours trading after the company reported fiscal second-quarter results that beat market expectations, with revenue up 93 percent from a year earlier. The company also raised its full-year outlook for a third consecutive quarter. U.S. revenue rose 115 percent, led by gains in commercial and government business. CEO Alex Karp said demand for AI sovereignty has exploded.
