Palantir Technologies is trading 16% up at €126.00 following a blowout second-quarter earnings beat and a significant hike to its full-year revenue guidance.
- The company reported Q2 revenue of $1.94 billion, surpassing the $1.80 billion expected by analysts.
- Management raised its full-year outlook, citing robust demand for its Artificial Intelligence Platform (AIP).
- Broader software and AI stocks are also rallying on strong cloud earnings, providing additional tailwinds for the move.