NEW YORK — Palantir Technologies Inc. shares rose more than 3.5% in early trading Monday to $132.68, rebounding from last week's sharp sell-off as investors appeared to refocus on the company's strong artificial intelligence platform adoption, robust government contracts and ambitious 2026 growth guidance amid a broader recovery in tech names.

The data analytics and AI software firm, which has experienced significant volatility in 2026 with a year-to-date decline of roughly 15-20% at times, saw its stock climb on renewed buying interest following a 7% drop on April 9 triggered by concerns over competition from faster-growing AI players and comments from prominent short seller Michael Burry. Trading volume was elevated as the shares recovered some ground from Friday's close near $128.

Palantir has emerged as one of the standout beneficiaries of the AI boom, with its Artificial Intelligence Platform (AIP) and Gotham and Foundry software suites driving rapid expansion in both commercial and government sectors. In its fiscal fourth-quarter 2025 results released in early February, the company reported record revenue of $1.41 billion, up 70% year-over-year, beating analyst expectations. U.S. commercial revenue surged 137% while overall U.S. revenue grew 93%, highlighting accelerating domestic momentum.

Chief Executive Officer Alex Karp described the results as "historic," emphasizing Palantir's focus on scaling operational leverage through advanced AI models — a trend the company has branded as "commodity cognition." The firm issued bullish guidance for 2026, projecting revenue growth of approximately 61% year-over-year to between $7.182 billion and $7.198 billion, well above consensus estimates at the time. For the first quarter of 2026, Palantir guided revenue between $1.532 billion and $1.536........

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