Palantir Technologies (PLTR 7.64%) rallied 7.85% on Tuesday to close at $173.27, setting a new 52-week high of $176.33 after reporting standout second-quarter results.The stock traded on volume of 129 million shares, a 65% surge above its daily average, signaling strong institutional and retail interest.
The broader market lagged, with the S&P 500 falling 0.49% and the Nasdaq Composite sliding 0.65%. While most tech names declined on continued tariff and macro pressures, Palantir stood out as one of the day's top performers.
The company posted its first-ever $1 billion revenue quarter, with Q2 sales rising 48% year-over-year to $1.003 billion. Net income rose to $327 million, and operating margin expanded to 27%. In response, Palantir raised its full-year revenue guidance to a range of $4.14 billion to $4.15 billion, up from $3.9 billion.
Peers lagged behind: C3.ai gained just 0.43%, and Snowflake dropped 1.3%. Palantir's sharp divergence reflects investor enthusiasm for its unique positioning in AI-powered analytics and defense tech.
In its earnings call, management described large language models (LLMs) as "jagged intelligence," emphasizing Palantir's advantage with its ontology-based platform architecture. The company also cited momentum from new defense contracts and multi-billion-dollar public sector projects under negotiation.
Market data sourced from Google Finance and Yahoo! Finance on Tuesday, August 5, 2025.
