Morgan Stanley has finally conceded that Palantir Technologies is not a stock to sell, but its analysts aren’t quite ready to call it a buy either.

Palantir Technologies Inc. shares jumped after giving a full-year revenue forecast that exceeded analysts’ estimates, thanks to what Chief Executive Officer Alex Karp described as “untamed organic growth” in demand for its artificial intelligence software.

Palantir Technologies reported strong revenue growth last quarter as the company that made its name providing software to the U.S. government said demand for its artificial intelligence products continues to expand.

Palantir, which provides services to governments such as software that visualizes army positions, is set to gain about $35 billion in market capitalization, at current share price levels of $99.31. "It's yet another company to be riding the AI wave,

Palantir recommends its clients steer clear of Chinese startup DeepSeek's AI models, a senior executive of the data analytics company said on Monday, days after doubts were raised about the United States' lead in AI technology.

Palantir (NASDAQ:PLTR) has urged clients to avoid Chinese AI startup DeepSeek, citing security concerns. Chief Revenue Officer Ryan Taylor stated that U.S. government agencies are unlikely to use DeepSeeks models.