Palantir Technologies Leads S&P 500 with $122.20 Billion Trading Volume Despite 48.7% Decrease

On June 2, 2025, Palantir Technologies (PLTR) experienced a significant trading volume of $122.20 billion, marking a 48.7% decrease from the previous day. Despite this, PLTR shares rose by 0.20%, marking the second consecutive day of gains and a total increase of 7.95% over the past two days.

Palantir Technologies reached a new all-time high on June 2, 2025, driven by sustained investor interest and exceptional earnings. The company's stock price climbed to $133.55, reflecting strong growth in both government and commercial sectors. This momentum is largely attributed to the expanding adoption of Palantir's Artificial Intelligence Platform (AIP), which has seen significant traction among U.S. corporations.

Palantir's impressive performance has positioned it as one of the top-performing stocks in the S&P 500 for the year, thanks to a stellar April. The company's earnings estimates for the current quarter indicate a 55.6% increase from the year-ago quarter, with the consensus estimate for the current fiscal year showing a 43.9% year-over-year change. This positive outlook is supported by Palantir's consistent revenue growth, with the consensus sales estimate for the current quarter indicating a 38.4% year-over-year increase.

Palantir's recent financial results have also been noteworthy. In the last reported quarter, the company generated revenues of $883.85 million, representing a 39.3% year-over-year increase. The company's earnings per share (EPS) for the same period was $0.13, compared to $0.08 a year ago. Palantir has consistently surpassed consensus EPS and revenue estimates over the past four quarters, further bolstering investor confidence.