Palantir Technologies Inc.PLTR
Mentioned
Palantir Technologies shares plunged 34% in the first half of 2026, a sharp contrast to the S&P 500's 10% gain, as AI stocks faced a broad sell-off. Despite the decline, the company reported accelerating results, with first-quarter revenue jumping 85% year over year to $1.63 billion, its highest-ever growth rate, and adjusted earnings per share surging 154% to $0.33. U.S. commercial revenue soared 133%, driven by demand for its Artificial Intelligence Platform, while remaining performance obligation climbed 134%. Palantir raised its full-year 2026 revenue growth guidance to 71% from 61%, and its price/earnings-to-growth ratio of 0.52 suggests the stock may be undervalued.
Palantir Technologies Inc.