Palantir Technologies Inc. has achieved record financial performance, reaching $1 billion in quarterly revenue for the first time in Q2 2025, marking a 48% increase year-over-year. The company’s earnings per share more than doubled, contributing to its most profitable quarter to date. Palantir's annual revenue run-rate now exceeds $4 billion, with mid-point guidance projecting $4.15 billion for the full fiscal year 2025. The company’s growth is driven by strong demand in AI and U.S. commercial sales, which nearly doubled. Palantir's stock has surged approximately 135% year-to-date in 2025, following a 340% increase in 2024, pushing its market capitalization beyond $400 billion. The stock is currently trading at about 245 times forward earnings, making it one of the priciest stocks in the S&P 500. Investor interest remains high, with options activity indicating expectations of continued volatility and significant price movements. The GraniteShares 2x Long PLTR Daily ETF (PTIR) has also gained nearly 300% year-to-date, reflecting leveraged exposure to Palantir’s rally. Palantir's rapid growth and valuation have positioned it as a leading player in the AI sector, with some market observers speculating on its potential to rival major technology companies in market capitalization.