Palantir Technologies continues to experience rapid revenue growth, with a 48% increase in the latest quarter, driven by U.S. commercial customers adopting its Artificial Intelligence Platform. The company reported $1 billion in revenue for Q2, exceeding expectations. U.S. commercial revenue surged 93%, while government revenue increased by 49%. Palantir’s net dollar retention was 128%, indicating customer expansion. Adjusted earnings per share rose to $0.16, surpassing analyst estimates. The company expects Q3 revenue growth of nearly 50% and raised its full-year revenue guidance by 45%. Despite its high valuation, Palantir’s strong performance suggests continued momentum in the future.

Read more at Yahoo Finance: Palantir’s AI Momentum Continues. Can It Keep Going, or Is It Too Late to Buy the Stock?