Palantir's earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.

Jay Woods reviews Palantir, a key company reporting earnings this week, and why traders will be dissecting this week's Fed speak.

Many analysts are cautious about Palantir's valuation, but several are bullish on its growing commercial businesses as AI contracts ramp up.

Palantir's earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.

While praising Palantir's strong business, analysts remained concerned over the stock's elevated valuation.

One analyst suggested stocks may be suffering from “rally exhaustion.”