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Palantir Technologies delivered a blowout second quarter, beating earnings expectations and raising its full-year revenue guidance. The AI software company saw U.S. commercial revenue nearly triple, signaling accelerating demand for its data analytics and AI platforms beyond government contracts.
Why it matters: Palantir's commercial growth acceleration demonstrates a major AI software player successfully transitioning from government-dependent revenue to enterprise adoption, a milestone for the broader industry's AI monetization narrative.
