Palantir Technologies stock surged over 23% after third-quarter results exceeded expectations, driven by strong U.S. government spending on AI solutions. Government revenue jumped 40% year-over-year, largely attributed to a new $100 million U.S. military contract. Palantir’s commercial revenue fell short, missing the expectations. CEO Alex Karp defended the company's controversial stance on supplying AI technology for defense, stressing its role in national security.
