Palantir continues run, makes largest two-day climb since 2021

Palantir headquarters in Silicon Valley

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Palantir Technologies (NYSE:PLTR) shares continued to climb on Wednesday, extending Tuesday’s gains after it reported fourth-quarter results that were well received.

The surge in the stock has boosted the Alex Karp-led company’s market cap by some 40% and is the best two-day stretch since November 2021, according to Bloomberg data.

Shares have nearly tripled since last February.

Palantir’s U.S. commercial revenue increased 70% year-over-year during the fourth-quarter, while customer count expanded by 55%.

Palantir’s bootcamp program for its AI Platform appears to be working, as the company claims participants can become fully versed on the product in five days.

“AIP and bootcamps are accelerating our business, particularly in US commercial,” Palantir Chief Revenue Officer Ryan Taylor said on the earnings call. “In October, we set a goal of executing 500 AIP bootcamps within one year. We have already blown that goal out of the water, having completed more than 560 bootcamps across 465 organizations to-date.”

“It seems there are endless solutions,” said one bootcamp attendee. “It seems there’s nothing Palantir cannot do.”

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