Palantir Stock Surges on AI-Driven Revenue Growth

Palantir Technologies shares reached a record high after reporting quarterly revenue exceeding $1 billion for the first time, fueled by soaring demand for its artificial intelligence platform. The company raised its full-year revenue forecast to $4.14–$4.15 billion, up from prior guidance of $3.89–$3.9 billion.

CEO Alex Karp highlighted a near-doubling in commercial business and 68% growth in U.S. operations, attributing the expansion to "the astonishing impact of AI leverage." Bank of America, Morgan Stanley, and Deutsche Bank responded by lifting price targets.

The stock gained 8% to $173, completing a 600% rally over twelve months. Technical analysts note a breakout above a rising wedge pattern, with a measured MOVE target of $201.30. Key support levels lie at $148, $125, and $98.