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Palantir Stock Jumps 13% After Earnings Beat Fueled by Surging AI Demand

Palantir Technologies topped Wall Street's second-quarter estimates on Monday, reporting revenue up 93 percent year over year to $1.94 billion and earnings per share of 41 cents, sending shares surging roughly 13 percent in after-hours trading. The company also raised its full-year guidance, crediting booming demand for its AI software from US commercial customers, whose revenue jumped 149 percent from a year earlier.