Yahoo Finance
The fear driving them down is real:AIagents are getting good enough to automate tasks that enterprise software used to handle, and investors have been cutting valuations across the board.
The debate has been running all year with no clear answer.
3, one CEO stepped into that debate with 11 words.
"Our entire business nearly doubled in the span of 12 months,"PalantirTechnologies CEOAlex Karpwrote in his investor letter,according to The Motley Fool.
Palantir (PLTR) just reported results that ask a pointed question: Is AI killing enterprise software, or is it making the strongest players untouchable? Karp did not stop at the investor letter.
On theearnings call, he told investors to "forget consensus" and saidto his knowledge, as CNBC reports, "no businesses at our scale has even grown half this much." He called the quarter "otherworldly" and told analysts the current growth pace "looks like this is going to go on for at least another 18 months." Palantir CEO admits AI would make him 20 times richer Microsoft CEO adds fuel to Palantir CEO's AI warning Palantir CEO has a blunt verdict on OpenAI and Anthropic The market moved fast.
Palantir shares jumped nearly 15% inafter-hourstrading on Aug.
3, rising from a regular-session close of $125.65 to around $144.45.
4, shares closed at $162.66, a gain of roughly 29.5% on the session,as TheStreet reported.
Chief Revenue Officer Ryan Taylor called the results expected rather than surprising.
"Our Q2 results are unprecedented but entirely unsurprising, as the abrupt market shift in LLMs that we've been warning you about for years is now here," Taylor said.
The quarter was a clean beat across every major metric.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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