Palantir Shares Surge Following Earnings Beat Driven by Department of Defense Spending

Palantir Technologies Inc. (PLTR) experienced a significant stock increase of over 20% early in the week, attributed to its third-quarter earnings surpassing analysts’ expectations. This growth was largely fueled by heightened spending from the U.S. government on Palantir’s advanced AI technologies. In the third quarter alone, global government expenditure on Palantir’s offerings surged by 40%...