
Palantir Technologies Inc (NASDAQ:PLTR) shares hit a new all-time high on Friday, capping an active week driven by a blockbuster second-quarter earnings report that showcased explosive growth in its commercial artificial intelligence business. Here’s what investors need to know.
What To Know: The company posted revenue of $1.004 billion, exceeding analyst estimates of $939.71 million, and delivered adjusted earnings of 16 cents per share against expectations of 14 cents.