"Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) gained 7.53% over past five trading sessions after losing 6.47% the five prior. Despite November's AI-fueled sell-off, the stock remains up more than 124% in 2025. Over the past year, PLTR is up 153.73%, and since going public on Oct. 2, 2020, it has gained an eye-popping 1,730.98%. When Palantir reported Q3 earnings on Nov. 3, it topped quarterly estimates and issued strong guidance, assigning its strong growth to adoption of its AI software platforms."
"Earlier in September, the company announced a new defense partnership with the U.K. government valued at £1.5 billion. In late July, it was announced that Palantir secured a $10 billion software and data contract with the U.S. Army. In May, the Trump administration rewarded a federal contract worth hundreds of millions to Palantir with the objective of creating a database on every U.S. citizen."
Palantir reported Q3 results that beat estimates with EPS of $0.21 and revenue of $1.18 billion, and issued strong guidance tied to AI-platform adoption. The stock has surged in 2025 and substantially since its 2020 IPO, reflecting investor enthusiasm. Major government deals include a £1.5 billion U.K. defense partnership, a reported $10 billion U.S. Army contract, and multiple federal contracts for data systems and immigration tracking. Market projections show rapid expansion in data services, reinforcing Palantir's position as a leading Big Data and software provider. Peter Thiel is a co-founder and influential backer.
Read at 24/7 Wall St.
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