Palantir stock rises to new highs after strong quarterly results and AI partnerships

Palantir Technologies Inc. shares rose this week, reaching new highs after reporting strong third-quarter results. The company posted revenue of $725.52 million, exceeding estimates, with significant growth in both U.S. commercial and government sectors. Analysts have raised their price targets, citing increased demand for Palantir's AI products and a growing U.S. customer base. The stock hit an all-time high on Wednesday, partly due to market optimism following Donald Trump's presidential win. Despite a downgrade from Jefferies, Palantir's stock rebounded after announcing a partnership with Amazon Web Services and Anthropic to enhance AI capabilities for U.S. defense agencies. As of Friday, shares were up 4.60% at $58.44.