Palantir (PLTR) stock climbed 7% higher in premarket trading on Tuesday following the AI software company’s blowout second quarter earnings report on Monday afternoon.
Palantir’s revenue topped $1 billion in a quarter for the first time as the company dodged government contract spending cuts and reported beat-and-raise results.
Year to date, Palantir stock is up 112%.
Yahoo Finance’s Jake Conley reports:
Read More: Dow, S&P 500, Nasdaq futures nudge higher as Wall Street eyes earnings,
