You can't spell gains without "AI" In the fourth quarter, Palantir generated revenue that accelerated to 36% year over year (and 14% sequentially) to $828 million. This resulted i

The momentum we are seeing across sectors, both commercial and government, is unlike anything that has come before,” declared Palantir

Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

Shares of Palantir (NASDAQ: PLTR) were flying higher on Tuesday. They gained 22.8% as of 3:40 p.m. ET but were up as much as 27.7% earlier in the day. The leg up comes as the S&P 500 gained 0.7% and the Nasdaq composite gained 1.

Palantir executives welcomed the advent of low-cost artificial intelligence. Other software stocks could also see benefits from cheaper AI.