Palantir surges 16% after reporting 'otherworldly' commercial revenue

Palantir's shares jumped 16% after the company reported blowout second-quarter earnings driven by record commercial revenue. Co-founder and CEO Alex Karp said the company's customers have chosen not to become dependent on large AI language labs, opting for Palantir's own AI platforms instead. The surge reflects booming enterprise demand for AI-powered data analytics tools.