Palantir stock popped more than 7% Tuesday after the software analytics provider lifted its full-year outlook, boosted by the artificial intelligence wave. U.S. revenues grew 68% year over year $733 million, while U.S. commercial revenues nearly doubled from $306 million in the year-ago period. CEO Alex Karp called the earnings results a "once in a generation, truly anomalous quarter" during an earnings call with analysts. Palantir's U.S. government revenues rose 53% from the year-ago period to $426 million ...

Coming in hot: Palantir just logged its first quarter with revenue that topped $1B, sending shares up another 5.2% to $169 in the premarket session on Tuesday. Astounding revenue growth of 93% Y/Y was seen in its U.S. commercial unit, and U.S. government revenue growth was also up 53% Y/Y. Adjusted operating income and free cash flow were equally impressive, while revenue guidance was hiked well above projections, with $4.14B-$4.15B expected for FY25. To the moon! Is the AI revolution slowing down? Not anyt ...