After reporting Q1 earnings on May 5, shares of Palantir Technologies (NASDAQ:PLTR) sold-off despite beating Wall Street’s estimates on the top and bottom lines and raising its full-year forecast. But on Thursday,

Palantir Technologies (PLTR) kicked off 2025 with a blockbuster first quarter. This, in part, has helped PLTR stock rise 57% year-to-date, outpacing the 3% drop in the S&P 500 Index ($SPX) amid tariff-induced market volatility.

Palantir stock crashed after the company reported its first-quarter financial results. Management highlighted continued demand for its artificial intelligence platform, AIP. Dan Ives at Wedbush says Palantir will be a trillion-dollar company in two or three years.