"The damage from the AI-fueled sell-off that began in late October and carried deep into November appears to be in the rearview mirror, and the stock is now up nearly 158% in 2025, including a nearly 19.56% gain over the past month. Since going public on Oct. 2, 2020, it has gained an eye-popping 2,008.48%. When Palantir reported Q3 earnings on Nov. 3, it topped quarterly estimates and issued strong guidance, assigning its strong growth to adoption of its AI software platforms."
"In late July, it was announced that Palantir secured a $10 billion software and data contract with the U.S. Army. In May, the Trump administration rewarded a federal contract worth hundreds of millions to Palantir with the objective of creating a database on every U.S. citizen. On April 21, Investor's Business Daily reported that Palantir won an immigration tracking federal contract from the U.S. Immigration and Customs Enforcement (ICE)."
Palantir shares rose sharply in 2025, gaining nearly 158% year-to-date and 19.56% over the past month, with a 2,008.48% increase since its 2020 IPO. The company attributed growth to adoption of its AI software platforms after reporting Q3 earnings on Nov. 3 that beat estimates, with EPS of $0.21 versus $0.17 expected and revenue of $1.18 billion versus $1.09 billion expected. Palantir secured major government deals, including a £1.5 billion U.K. defense partnership, a $10 billion U.S. Army contract, and federal contracts tied to a U.S. citizen database and an ICE immigration tracking system. Data services demand is projected to grow significantly, and Palantir was co-founded by Peter Thiel.
Read at 24/7 Wall St.
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