Palantir Technologies (PLTR) shares jumped approximately 20% in Tuesday trading, marking the best single-day performance for the stock in over a year.
The rally followed the company's report of robust revenue growth for the latest quarter, which analysts described as "otherworldly" in scale.
The sharp repricing comes on the heels of a 14% gain in Monday trading, when shares initially reacted to the second-quarter results that significantly beat consensus estimates.
The move reversed a prolonged period of downward pressure on the enterprise software firm's valuation.
The sharp repricing comes on the heels of a 14% gain in Monday trading, when shares initially reacted to the second-quarter results that significantly beat consensus estimates.
The consecutive gains highlight a shift in market sentiment toward the data-analytics firm, which has long been known for its work with US security agencies but is increasingly viewed through the lens of commercial AI adoption.
Co-founder and CEO Alex Karp, who has frequently cited the AI revolution as a key driver for the company's future, saw his personal wealth increase substantially.