Palantir shares rose 13% in extended trading on Monday after reporting a strong third quarter, driven by rising AI demand. Palantir's earnings and revenue surpassed analyst expectations for the quarter. CEO Alex Karp highlighted robust adoption among U.S. government clients and upgraded Palantir’s annual revenue guidance, exceeding prior estimates and implying 26% growth. CEO Alex Karp emphasized that rapid U.S. adoption of Palantir's AI platforms is fueling growth.
