Palantir stock skyrockets 29%, narrowly missing its best day ever after ‘otherworldly’ results

• Palantir’s second-quarter earnings saw commercial revenue skyrocket 149% from a year ago.
• The software giant pinned its blowout second-quarter earnings on firms demanding AI sovereignty.
• Palantir’s results “further weaken the bear case around rising AI competition,” as demand for data privacy from AI companies sets it apart, Citi analysts said.

https://www.cnbc.com/2026/08/04/palantir-2q-earnings-ai-sovereign-tools.html