Palantir Technologies shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 sales guidance above estimates. Also, the company issued Q3 sales guidance above estimates.

Shares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.

Watching Palantir; Hearing Investor Business Daily SwingTrader Buys Stock

Bill Gates Sounds a Chilling AI Warning: Millions of Jobs Could Disappear, Wealth Could Pile Up at the Top and Robots May Need to Be Taxed

Bill Gates warns AI could accelerate job losses and wealth inequality, urging governments to prepare with new policies.

Peter Thiel Has Steadily Sold Down His Palantir Stake for Years Yet Remains Its Largest Individual Shareholder. Here's What His Selling Pattern Signals for Investors.

Peter Thiel sold 2 million Palantir shares in March 2024, netting approximately $280 million, but still retains roughly 3% ownership (98 million shares). While the sale could signal concerns about valuation multiples (P/E of 151, P/S of 74), the author argues it likely reflects personal reasons rather than fundamental issues. Palantir's strong financial performance—89% revenue growth to $3.57 billion and 256% profit growth in H1 2026—and its valuable AI platform support a bullish long-term outlook despite elevated valuations.