Here's Why Palantir Stock Surged Today

Shares of Palantir Technologies (NYSE: PLTR) jumped 9.4% Tuesday after the data analytics specialist delivered solid first-quarter results. 

Palantir's revenue soared 49% year over year to $341 million. The software company enjoyed strong gains across both its U.S. government and commercial businesses, which saw revenue rise 83% and 72%, respectively.

Investors bid up Palantir Technologies' stock price Tuesday. Image source: Getty Images.

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Source Fool.com