Palantir Technologies Inc. (NASDAQ: PLTR) just had one of its best days since 2024. The stock closed up 30% on Aug. 4, capping a session that ranks among its strongest in years. The move started after the company delivered a blockbuster earnings report following the market close on Aug. 3.
That wasn’t news by itself. Palantir has delivered strong reports in the last several quarters. Often, it hasn’t mattered to investors, who have lumped Palantir in with the rest of the artificial intelligence (AI) trade.