Palantir Stock Is Still Surging. It’s Not Just Earnings Causing Excitement.

Palantir

Technologies stock was surging Tuesday. But a quarterly update from the data-analytics software company was probably not the real reason, with comments from the CEO about M&A more likely to have piqued investors’ interest.

Yes, Palantir (ticker: PLTR) posted its first-ever profitable quarter on a GAAP basis, but CEO Alex Karp also suggested that the company is attracting possible acquirers.