Palantir tops estimates, boosts fourth-quarter guidance on AI adoption

1. Palantir's quarterly earnings beat expectations, with revenue of $1.18 billion. 2. Company forecasts $1.33 billion revenue for the next quarter, exceeding estimates. 3. Government revenue rose 52%, critical for future growth, despite potential shutdown risks. 4. Partnerships with Snowflake, Lumen, and Nvidia contributed to a surge in commercial contracts. 5. Palantir's stock price has soared over 170% this year, boosting market cap past $490 billion.