CEO Alex Karp, known for his bold pronouncements, said of the sales momentum that it was "unlike anything that has come before" and that he believes Palantir will lead a "revolution in the U.S. over the next three to five years."

The artificial intelligence (AI) specialist delivered remarkably robust results. The post Why Palantir Technologies stock just skyrocketed appeared first on The Motley Fool Australia.

Key Takeaways Palantir Technologies shares soared to an all-time high Tuesday, a day after the company's outlook blew past analysts' expectations on strong demand for its Artificial Intelligence Platform.

Shares of Palantir Technologies ( PLTR 26.31%) charged out of the gate on Tuesday, spiking as much as 27.7%. As of 10:59 a.m. ET, the stock was still up 25.4%.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 26.9% in the morning session after the company reported impressive fourth-quarter results, which blew past analysts' billings,

Palantir's Q4 results were astounding, "eviscerating" (their words in the press release) the consensus. I looked that up—it means "disemboweling." Revenue skyrocketed 36% YoYr, and its free cash flow (FCF) margin hit 63%—both disemboweling consensus estimates.