Palantir shares surge over 25% on raised forecast, strong US AI demand

Palantir raised its full-year revenue guidance to at least $8.15 billion, citing robust demand for its AI software from U.S. commercial and government clients. The company's stock soared over 25% on the news, as Q2 U.S. sales climbed 23% to $1.57 billion. CEO Alex Karp positioned the growth as a move by customers toward 'AI sovereignty' to avoid dependency on large AI model developers.