Palantir’s Record Quarter Masks a Warning for the AI Trade
Palantir reported a blockbuster quarter in which U.S. commercial revenue surpassed U.S. government revenue for the first time, a milestone that underscores the company’s accelerating push into enterprise AI. Yet beneath the headline growth, the mix shift also raises a more sobering question: whether Palantir’s valuation is now being carried by expectations that may be harder to sustain than the numbers suggest.
