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Palantir Shatters Records: AI Demand Fuels Historic Quarter, $10 Billion Army Deal Seals Dominance

Palantir Technologies Inc. (PLTR) reported a blockbuster second quarter, surpassing $1 billion in revenue for the first time and securing a monumental $10 billion U.S. Army contract. The company's enterprise AI platform, AIP, drove U.S. commercial revenue up 93% year-over-year, signaling a seismic shift in how governments and corporations operationalize artificial intelligence.