Palantir co-founder and CEO Alex Karp trumpeted the work Elon Musk is doing to overhaul the federal government, saying it will ultimately benefit his company. Asked during a quarterly earnings call about DOGE—Musk’s “department” of government efficiency,

Palantir CEO Alex Karp said the company, which has huge government contracts, is optimistic about disruption brought about by Elon Musk's DOGE.

Palantir reported results after the market close on Monday, and to say it crushed expectations might be an understatement. Not only did the company easily surpass estimates, but management's guidance suggests its growth will continue to accelerate.

Palantir Technologies Inc. shares jumped after the company gave a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

Companies like Palantir Technologies Inc. are the biggest beneficiaries of the increased demand for artificial intelligence solutions across both commercial and government sectors. The software company recorded a significant 23% rise in its stock price,