Palantir Technologies (PLTR)

Palantir's earnings grew more than three times over, yet its price sits just below where it was a few weeks ago.

What is going on right now?

The stock dipped slightly below its recent short-term trend, even though the company just posted enormous growth in both revenue and profit.

How is the business itself doing?

Palantir makes software that helps big organizations, including governments, sort through massive amounts of data. Revenue nearly doubled, earnings more than tripled, and the company keeps about 49 cents of every dollar it brings in as profit. It also carries almost no debt.

What stands out?

The company earns roughly 85 cents on every dollar before expenses, which is unusually high. But the price tag the market puts on those earnings is steep: you're paying about 166 times what it earned last year.

What comes next?

Its next earnings report lands on November 2, the first chance to see whether its newer commercial AI platform is pulling in enough new customers to keep that growth pace going.