Palantir Technologies exceeded expectations with strong quarterly figures and an optimistic forecast for 2025 – and sees itself as a clear winner of the new US government. The stock of the data analytics company soared 22.8 percent after-hours on Monday after the company raised its revenue forecast to up to $3.76 billion. Analysts had expected only $3.54 billion.

CEO Alex Karp sees great opportunities for Palantir in the Trump administration reforms led by Elon Musk.

Palantir, founded in 2003 by Peter Thiel and Karp, provides data analysis software to governments and companies. The company achieved a revenue jump of 36 percent to $828 million in the fourth quarter of 2024, driven by strong growth in the U.S. government business. Revenues from this sector increased by 45 percent.

Palantir's market value has increased by more than 70 billion dollars since Trump's election victory in November, reaching 190 billion dollars on Monday. The stock, which rose by 340 percent in 2024, was the biggest winner in the S&P 500.

Particularly Trump's planned increase in spending on national security, space, and migration could further benefit Palantir.

CTO Shyam Sankar also commented on the recent developments surrounding China's AI model DeepSeek R1, which had triggered a market correction in US technology stocks. "We are in an AI arms race with China," said Sankar. The US Navy and the Pentagon have already blocked access to DeepSeek for security reasons.