Palantir is a cash-spewing monster, but traders seem bored by it

Palantir — the defense, intelligence, and AI software firm led by CEO Alex Karp — has been performing remarkably well under his command, a fact underscored by Palantir’s print after the bell Monday. It was, objectively, a remarkable beat and raise, with sales growth sizzling at a better-than-expected 85% to start 2026, and earnings growth rocketing up by 150%. Guidance was hiked across the board.

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