It's hard to find fault in Palantir's business at the moment. Revenue growth is accelerating. Profit margins are expanding, and the business appears to have a long runway in the U.S. commercial segment, especially as demand for AI utility grows.

What Happened? Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 5.7% in the afternoon session after the New York Times reported on the company's expanded contracts with the US government,

Shares of Palantir Technologies (NASDAQ:PLTR) slipped 0.34% over the past five trading sessions. That followed a sell-off after the company reported Q1 earnings on May 5. Still, the stock is up 8.90% over the past month and has gained more than 66% year-to-date.