Palantir books its first US$1 billion in quarterly sales and dodges DOGE axe

Aug 6, 2025

Shares of Palantir Technologies sailed past previous record highs on Tuesday after booking its first US$1 billion sales quarter and raising its performance expectations for the year. The stock rose above US$170 on Tuesday after breaking previous records four times this year in the global artificial intelligence race. The previous closing high for the stock was set this week at US$160.66. Since going public in 2020 when it posted a US$1.17 billion annual loss, the artificial intelligence software...

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