From a financials perspective, the company has tailwinds. When NVIDIA reported Q2 earnings on Tuesday, Aug. 26, it beat on top and bottom lines, announcing EPS of $1.05 against $1.01 expected, and revenue of $46.74 billion against $46.06 billion estimated. As a result, the stock received numerous upward price target revisions.
Palantir Technologies shares gained 6.43% over the past five trading sessions and have risen 114.59% in the last six months, with a dramatic 1,515% increase since its IPO.