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Palantir Technologies reported better-than-expected quarterly sales and earnings while raising full-year guidance, yet its stock slumped. Shares rose 340% in 2024 and 135% last year, but forward price-to-earnings ratios peaked at 255 times in November 2025. Earnings per share jumped 64% in 2024 and 83% in 2025, with sales rising 29% in 2024 and 56% in 2025.
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