Palantir's AI Tool Demand Spurs Revenue Growth

Government and commercial entities have shown increased demand for AI tools from U.S. data analytics company Palantir, leading to a significant rise in the company's fourth-quarter revenue. According to Ming Pao, Palantir's revenue surged by 70% year-on-year, reaching $1.41 billion. The company has provided guidance for the first quarter and the fiscal year 2026 that exceeds market expectations, resulting in its stock price rising by over 10% in early trading. Despite a 135% increase in its stock price last year, the stock has fallen by 17% as of the close of trading on Monday this year.