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EN590 Commodities GroupMarket Analysis 2026-08-04T13:36:53+00:00
What happened:Palantir (PLTR) stock surged nearly 20% on Tuesday. What's behind the move:The company reported fiscal second quarter results that beat analyst expectations and raised its full-year guidance. The company sees full-year revenue of $8.16 billion versus prior estimates for $7.65 billion to $7.66 billion. The company posted adjusted earnings of $0.41 per share in its Q2, versus Wall Street estimates of $0.35. Revenue came in at $1.94 billion, compared to expectations of $1.8 billion. "This quarter was otherworldly: our U.S. commercial revenue grew 149% year-over-year, our overall revenue grew 93% year-over-year," Palantir's CEO Alex Karp said. "The sovereign AI revolution makes us very optimistic about the future," he added. US government revenue grew 90% year over year and 18% q
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