Palantir Jumps 20% on 'Otherworldly' Quarter
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- Palantir stock jumped roughly 20% after the company reported what CNBC called an 'otherworldly' quarter, with US commercial business — rather than its traditional government work — cited as the demand driver.
- Palantir raised its forward forecast and topped its 200-day moving average as the strong commercial performance powered the rally, per the WSJ headline.
Why it matters: The 20% single-day jump shows US commercial revenue is now leading Palantir's growth rather than its traditional government contracts, with the stock also topping its 200-day moving average and the company lifting its forward forecast.
