Alex Karp Wants You to Know Palantir Is an AI Winner -- Market Talk

Dow Jones
05/05

1656 ET - Investors are looking to understand where and how rampant investments in artificial-intelligence are generating returns. Palantir CEO Alex Karp has an answer. "We believe it is not hyperbolic to say that nearly all AI workflows that actually create value-especially on the battlefield-are built on Palantir," Karp opens his letter to shareholders. "We are an N of 1." The company reports a record $1.63 billion in sales during the first quarter, with profit about tripling to $876 million. Palantir also lifts its outlook to project 71% growth this year, 10 percentage points ahead of its previous guidance. (elias.schisgall@wsj.com)

 

(END) Dow Jones Newswires

May 04, 2026 16:57 ET (20:57 GMT)

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