What's Going On With Palantir Stock This Week?

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher Friday after climbing new highs during the week. Here’s what you need to know.

The Details: On Monday, Palantir reported third-quarter revenue of $725.52 million, surpassing the $701.13 million estimate and earnings per share of 6 cents, beating expectations of 4 cents. Total revenue rose 30% year-over-year, with U.S. commercial revenue up 54% and U.S. government revenue up 40%. CEO Alex Karp added that the company's growth is "driven by unrelenting AI demand that won't slow down."

Shares continued to rise after some analysts ...

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