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 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.

After the closing bell on May 5, Palantir (PLTR) reported its highly anticipated Q1 2025 results, which beat analysts’ revenue and earnings estimates. Despite the upside surprise, PLTR shares fell about 12% on Tuesday as investors reacted to the news.