Nvidia’s Strong Q2 Performance Bolsters Palantir’s AI Growth Narrative

Palantir investors received a confidence boost as Nvidia’s stellar Q2 earnings underscored the resilience of AI infrastructure demand. Nvidia reported $46.7 billion in revenue, a 56% year-over-year increase, with its data center segment—the core driver of AI adoption—jumping to $41.1 billion. This robust performance signals sustained corporate investment in AI capabilities, creating a favorable environment for Palantir’s enterprise software solutions.

Palantir mirrored this momentum with record Q2 results, posting $1 billion in revenue (up 48%) and $0.16 adjusted EPS (up 78%). The U.S. commercial segment stood out with 93% sales growth and a 222% surge in contract value, demonstrating successful conversion of AI interest into long-term customer commitments. While valuation concerns persist, the company’s $2.42 billion backlog suggests durable growth ahead.