Palantir shares jumped 22% at the opening bell following a strong earnings report

Shares of Palantir, which develops AI for civilian and military applications, soared 22% at the opening bell on August 4. The day before, after the market closed, the company reported “superb” financial results for the second quarter; in particular, it managed to more than double sales to commercial customers.

Even if the stock’s momentum continues through the close, it won’t be enough for it to fully recoup its 2026 losses. At the time of the quarterly report’s release, Palantir shares were trading nearly 30% lower than at the start of the year.

This news story is being updated.

This article was AI-translated and verified by a human editor