"Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) gained 10.32% over past five trading sessions after gaining 7.53% 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 141% in 2025. Over the past year, PLTR is up 150.84%, and since going public on Oct. 2, 2020, it has gained an eye-popping 1,875.65%."
"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's shares climbed sharply, gaining over 141% in 2025 and up 150.84% year-over-year, and 1,875.65% since its October 2020 IPO. The company beat Q3 estimates with EPS of 21 cents and revenue of $1.18 billion, attributing growth to AI software adoption and issuing strong guidance. Recent contracts include a £1.5 billion U.K. defense partnership, a $10 billion U.S. Army software and data contract, and federal contracts for database and immigration tracking work including a reported $30 million ICE contract. The big-data services market is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028.
Read at 24/7 Wall St.
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