Overview
- Palantir’s profile rose after President Trump praised its wartime tech, and the CTO said the Iran conflict was the first large‑scale combat run with AI.
- Quarterly results were strong, with revenue up 70% year over year to $1.4 billion, including $730 million from government work and $677 million from commercial clients.
- The company is extending AIP into industry through new agreements, including a five‑year renewal with Stellantis that broadens Foundry use and brings AIP to select operations, plus expanded work with GE Aerospace and a mortgage platform project with Moder.
- Wall Street sentiment is upbeat, with Wedbush’s Dan Ives calling for a possible $1 trillion valuation within two to three years and several firms posting Buy or Overweight targets between $182 and $260.
- Shares are down about 20% this year as investors pulled money from tech, while Wedbush says competition from Anthropic has not cut into Palantir’s business.