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Palantir Technologies Inc. surges 22.52% in after-hours trading, driven by strong Q4 earnings.

Market Watcher02-04

February 3rd, 8:00 PM, after the US stock market opened, several stocks experienced significant fluctuations.

Palantir Technologies Inc. surged nearly 24% in after-hours trading, reaching a high of $29.75 per share.
This surge is attributed to the company's impressive fourth-quarter earnings report, which exceeded analysts' expectations. Palantir reported Q4 revenue of $827.5 million, surpassing the forecasted $775.9 million. The company also projected 2025 revenue between $3.74 billion and $3.76 billion, higher than analysts' estimates of $3.54 billion. Palantir, a major software and technology service provider for US defense agencies, has gained significant attention for its AI platform. In 2024, the company's stock soared 340% due to investor enthusiasm for AI and the increasing adoption of its data analytics software by commercial and government clients. Palantir's deepening collaboration with the US Department of Defense led to a 45% growth in US government business revenue and a 64% increase in US commercial revenue.

Top 5 Gainers in After-Hours Trading Today
Palantir Technologies Inc. After-Hours +22.52%
2X ETHER ETF After-Hours +9.96%
SUPER MICRO COMPUTER INC After-Hours +8.94%
Richtech Robotics After-Hours +8.05%
Royalty Pharma plc After-Hours +7.85%

Top 5 Decliners in After-Hours Trading Today
Blue Hat Interactive Entertainment Technology After-Hours -15.58%
Nano-X Imaging Ltd. After-Hours -7.91%
2X Long VIX Futures ETF After-Hours -4.82%
Owens & Minor After-Hours -4.12%
Psyence Biomedical Ltd After-Hours -4.11%

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