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Palantir Stock Rallies 30% Overnight as CEO Alex Karp Climbs Forbes Billionaire Ranking on August 4

2026-08-05 10:56:46

PLTR0.76%

According to Forbes, Palantir CEO Alex Karp surged sharply in the real-time billionaire rankings on Tuesday (August 4), as the company's stock extended its rally to nearly 30% amid heavy trading volume, lifting his net worth by billions. The surge was triggered by Palantir's second-quarter earnings reported a day earlier, which showed revenue of $1.94 billion, up 93% year-over-year, and raised full-year guidance. Shares traded near $163 on Tuesday compared to approximately $125–$126 on Monday, according to TradingView data.

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