Michael Burry issued a fresh warning Friday that the AI data center boom mirrors the structural excesses that preceded 2008, arguing that circular financing, off-balance-sheet vehicles and captive insurers are quietly building leverage across the ecosystem.
Revenue surged 93% to $1.94 billion, while U.S. commercial bookings soared 149%, confirming accelerating enterprise AI adoption. U.S. commercial contract value increased 153%, remaining deal value reached $6.24 billion, and 73 contracts exceeded $10 million. GAAP operating margin reached 47%, while adjusted free cash flow hit $1.22 billion and a remarkable 63% margin.
Palantir (NASDAQ: PLTR | PLTR Price Prediction) and Snowflake (NYSE: SNOW) both just reported quarters that reframed how agentic AI actually reaches enterprises.
ABN AMRO Bank N.V. boosted its position in shares of Palantir Technologies Inc. (NASDAQ: PLTR) by 1,590.7% during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 658,389 shares of the company's stock after purchasing an additional 619,447 shares during the period. ABN
Palantir Technologies earns a reiterated Strong Buy rating, driven by sustained top- and bottom-line growth and robust operating leverage. PLTR's U.S. commercial business is delivering triple-digit growth, with GAAP net income margins rising from under 10% to 55% over three quarters. Despite price volatility and recent high-profile bearish bets, PLTR's valuation multiples have compressed even as revenues and margins expand.
Palantir Technologies delivered Q2 results far ahead of expectations, with 93% revenue growth and significant margin expansion. US commercial revenue surged 149%, US government revenue rose 90%, and net dollar retention climbed to 157%, underscoring robust customer expansion. Management raised full-year 2026 revenue guidance by nearly $500 million, now projecting 82% annual growth and strong free cash flow.