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Why Palantir Stock Skyrocketed This Past Week

TheMotleyFool

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Why Palantir Stock Skyrocketed This Past Week: https://g.foolcdn.com/editorial/images/882723/pltr-stock.png

Shares of Palantir Technologies (NASDAQ: PLTR) rose nearly 40% last week after the data analytics leader reported stunning artificial intelligence (AI)-fueled growth metrics.

Image source: The Motley Fool.

Palantir's second-quarter revenue soared 93% year over year to $1.9 billion. The gains were driven by a 90% jump in U.S. government revenue to $809 million and a 149% surge in U.S. commercial revenue to $764 million.

Source Fool.com

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