00:00It's Benzinga bringing Wall Street to Main Street
00:02Palantir surged 11% in pre-market trading on Tuesday after beating Wall Street's fourth
00:08quarter estimates as spending on AI tools rose among governments and businesses, according to
00:13CNBC. The company reported revenue of $1.41 billion ahead of LSEG, estimates of $1.33 billion.
00:23The results followed a volatile 2025, when the stock rose 135% but fell 17% year-to-date
00:31through Monday's close after a late-year software sell-off.
00:36CEO Alex Karp told CNBC the results were the strongest he had seen in tech in a decade.
00:42Palantir said U.S. government revenue grew 66% year-over-year and cited a $10 billion U.S.
00:48Army contracts signed in July and a $448 million U.S. Navy deal in December.
00:55Its work with ICE has faced scrutiny after federal agents shot two protesters in Minneapolis.
01:01For all things money, visit Benzinga.com.
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