CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland security

Palantir topped Wall Street's fourth-quarter estimates as more businesses and the U.S. government race to buy its artificial intelligence tools.

As anti-ICE protests continue in Minneapolis after two fatal shootings by federal agents, Palantir has faced criticism for providing software to DHS.

CEO Alex Karp hails ‘iconic’ financial results despite criticism over contracts with ICE and homeland security

The rise comes on the back of months of decline for the stock.

Analysts remained overwhelmingly bullish on Palantir, although the company's lofty valuation stood out as a sore spot for some.