Palantir stock surged over 8% after raising its full-year outlook, driven by the AI boom. CEO Alex Karp hailed the earnings as exceptional. U.S. revenues grew 68% to $733 million, with commercial revenues nearly doubling at $306 million. The company’s government revenues also rose 53% to $426 million.

Palantir’s revenues surpassed $1 billion for the first time, exceeding analyst forecasts. Adjusted earnings were 16 cents per share, beating estimates. Net income soared 144% to $326.7 million. The company increased its full-year revenue guidance to $4.142 billion – $4.150 billion, up from $3.89 billion – $3.90 billion.

Palantir’s market cap hit $400 billion, with shares rising over 120% this year. Analysts raised concerns over high valuation and growth. Jefferies analyst maintained an underperform rating, highlighting a gap between valuation and growth potential. Piper Sandler’s analyst remains optimistic, noting a unique growth model justifying a premium.

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1. Apple announced a new $430 billion investment in U.S. manufacturing and innovation over the next five years, which is expected to create 20,000 new jobs across the country.

2. The U.S. economy added 678,000 jobs in February, exceeding economists’ expectations and bringing the unemployment rate down to 3.8%.

3. McDonald’s plans to test automated drive-thru technology at 10 locations in Chicago, aiming to improve speed and accuracy of orders.: Palantir stock pops 8% after earnings on upbeat outlook driven by AI