TradingKey – Palantir Technologies (PLTR) is transitioning from a data analytics company known for U.S. government projects into a key platform provider in the enterprise artificial intelligence market.

In the second quarter of 2026, Palantir’s revenue grew 93% year-over-year to $1.935 billion, with U.S. commercial revenue surging 149% and U.S. government revenue rising 90%. The strong earnings report propelled Palantir’s stock up about 29% on August 4, with a cumulative gain of nearly 40% over the following week, reversing its sluggish performance in the first half of the year.

As of August 17, Palantir’s stock was trading at $172.55, with a market capitalization of around $414.6 billion, remaining about 16% below its all-time high of…