At a Glance · AI-generated

Palantir Technologies reported blowout second-quarter earnings on August 3, with revenue nearly doubling and U.S. commercial revenue surging nearly 150% past targets, driven by strong artificial intelligence demand. The data analytics company's stock jumped 12-13% on the results, and management raised its full-year guidance. CEO Alex Karp highlighted the company's efficiency, noting that a "miniscule and shrinking" head count delivered the outsized performance.