Palantir Technologies reported strong earnings, prompting the company to lift its full-year guidance as CEO Alex Karp highlighted a ‘tectonic shift’ in artificial intelligence adoption. Despite this positive outlook, Palantir’s stock experienced a decline. The company also raised its 2025 revenue outlook, citing robust demand from U.S. businesses. This development comes amid Palantir’s history of significant financial fluctuations and its involvement in controversial government contracts, including work with the Trump administration that faced criticism from former employees.
— new from Barron’s