United States Senator John Boozman's first reported purchase of Palantir (NASDAQ: PLTR) has drawn attention after the investment gained nearly 30% in less than three months.
Booming demand for Palantir's AI solutions is restoring confidence in the company.
Agentic AI software names are moving together this Friday afternoon, and the leaderboard looks like a mirror image of Monday's session.
In addition to SpaceX, tech stocks such as Palantir, Cloudflare and Microchip technology surged Friday. Palantir shares traded up more than 9% around 12:30 p.m.
Palantir Technologies Inc. (PLTR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Major tech stocks rallied Friday amid a weak jobs report that revealed an unexpected drop in payrolls for July, with SpaceX, Palantir and Cloudflare shares all rising at least 8% in the early hours of trading.
Palantir delivered 93% revenue growth while U.S. commercial revenue surged 149%, and adjusted operating margin reached 62%. Net dollar retention climbed to 157%, while U.S. commercial TCV bookings surged 153% to $2.132 billion. PLTR absorbed government cloud hosting costs, reducing adjusted gross margin to 86% while potentially deepening long-term customer relationships.
Investors piling into the Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) just watched their fund rip 63.76% in a single week.
Palantir Technologies is positioned as the operational layer enabling governed AI decision-making across enterprises, not just an analytics provider. Q2 2026 saw revenue surge 93% YoY to $1.935B, with both U.S. commercial and government segments accelerating and GAAP operating margin reaching 47%. Management guides FY 2026 revenue of $8.15B–$8.16B, with ~60% adjusted operating margin and $4.5B–$4.7B in adjusted free cash flow.
“I genuinely want to wear clothing that signals something I'm proud of — and that is American tech prowess, national security, crushing enemies of the West," said one fan.
Zeta (ZETA) delivered its 20th consecutive beat-and-raise quarter, achieving 44% revenue growth and first GAAP profitability. ZETA trades at 3.3x EV/sales with a 14% short float, presenting a compelling valuation relative to growth and profitability metrics. Key differentiators include proprietary data, AI-driven models, and expanding customer adoption, driving superior retention and revenue growth.
Michael Burry appears to have been right about Palantir Technologies (NASDAQ: PLTR), his biggest short position in 2026, at least based on the stock's performance so far this year.