Palantir Technologies Inc. (NASDAQ:PLTR) shares are trading higher on Thursday as risk-on appetite lifts AI-linked software names. The move also tracks lingering optimism around the company’s recent surge in U.S. commercial and government demand.
Palantir Technologies stock is building positive momentum. What’s driving PLTR shares up?
What Is Driving Palantir’s Recent Surge?
The latest narrative still centers on Palantir’s strong second-quarter backdrop, including 93% revenue growth and $1.22 billion in operating cash flow, alongside U.S. revenue growth of 115% to $1.57 billion.
U.S. commercial revenue grew 149% to $764 million, while the company’s government-AI positioning stayed in focus after the Pentagon’s Maven Smart System was described as supporting thousands of strikes against Iran and becoming the military’s primary AI operating system in March.
