Alex Karp Wants You to Know Palantir Is an AI Winner -- Market Talk
Dow Jones
May 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)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.