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Demand for enterprise AI application layers is accelerating sector-wide, and the companies that can turn raw model outputs into operational decisions are separating from the field.
Palantir Technologies (NASDAQ: PLTR) reported second-quarter revenue of $1.9 billion, a 93% year-over-year gain and its 12th consecutive acceleration, while non-GAAP net income rose 215% to $0.41 per diluted share, beating consensus estimates on both lines.
Thirty-five Wall Street analysts have set a median 12-month price target of $205 per share, implying 18% upside from the current share price of $173.
The result landed against the backdrop of broadening conviction about where value accrues in the AI stack.
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