Palantir (PLTR) closed at $188.75 on October 2, 2026, after a recent pullback from the 52-week high near $207. Trader sentiment for the week of October 5 centers on sustained AI momentum following the company’s August Q2 report, which delivered 93% year-over-year revenue growth to $1.94 billion and prompted the largest annual guidance raise in company history to $8.15 billion for full-year 2026. U.S. commercial revenue surged 149%, customer count exceeded 1,000, and operating margins reached 47%. A new partnership with Armada for sovereign AI infrastructure announced in early October reinforces demand signals ahead of the November 2 earnings release. High beta volatility and broader tech sector flows will likely dictate near-term price action around current levels.