Palantir's Commercial AIP Bookings Accelerate in Q2
Palantir's US commercial business continues to outpace expectations as AIP boot camps convert into multi-year contracts.
Palantir's US commercial segment is now growing well above 50% year over year, driven by AIP boot camp conversions and expanding deal sizes. International commercial remains the slower-moving piece, while government continues to provide a steady backbone.
Valuation remains the central debate. Bulls point to a software business that is finally compounding cash flow; bears highlight a multiple that prices in years of flawless execution.
Why It Matters
AI-generatedPalantir is the highest-conviction enterprise AI software story by deal-size velocity. Risk is multiple compression, not execution — size positions with that asymmetry in mind.
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