"Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) gained 0.72% over past five trading sessions after gaining 10.32% the five prior. The damage from the AI-fueled sell-off that began in late October and carried deep into November appears to be in the rearview mirror, and the stock is now up more than 144% in 2025, including a nearly 305 gain over the past month. Since going public on Oct. 2, 2020, it has gained an eye-popping 1,895.33%."
"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. The company beat on the top and bottom lines, with EPS of 21 cents versus 17 cents expected, and revenue of $1.18 billion versus $1.09 billion expected. 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. On April 21, Investor's Business Daily reported that Palantir won an immigration tracking federal contract from the U.S. Immigration and Customs Enforcement (ICE)."
Palantir Technologies shares have surged in 2025, rising over 144% year-to-date and nearly 305% in the past month, and have climbed roughly 1,895% since the October 2020 IPO. The company reported Q3 EPS of $0.21 versus $0.17 expected and revenue of $1.18 billion versus $1.09 billion expected, citing AI software platform adoption and issuing strong guidance. Palantir secured large government deals including a £1.5 billion UK defense partnership and a $10 billion U.S. Army contract, along with federal awards such as an ICE immigration-tracking contract. The big-data market is projected to grow substantially through 2028.
Read at 24/7 Wall St.
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