Palantir Posts 93% Revenue Jump, Raises AI Demand Forecast

Palantir reported $1.94 billion in second-quarter revenue — nearly double the same period last year and well above Wall Street's $1.8 billion estimate — driven by surging demand for its AI software from US government and commercial clients. The company has raised its demand outlook as rivals report mixed results, cementing its status as one of the clearest AI-era winners so far. CEO Alex Karp used the earnings call to call the broader AI industry "Marxist" for its alleged enterprise untrustworthiness.