Palantir’s stock stages best week since 2024 — showing it’s no longer an ‘AI loser’

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Booming demand for Palantir’s AI solutions is restoring confidence in the company

Updated Aug. 7, 2026, 4:54 p.m. ET

Palantir CEO Alex Karp called the company’s second-quarter results “anomalously strong” earlier this week — and Wall Street seems to agree.

Shares of Palantir PLTR were up more than 10% in Friday’s trading, with the stock posting a nearly 40% weekly gain — its best weekly performance since November 2024, according to Dow Jones Market Data. That previous record was also the result of a postearnings surge, after the company showed monetization of its Artificial Intelligence Platform.

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