In Palantir's Q2 earnings report on Aug. 4, investors should watch this trend to see if commercial AI adoption is starting to take off in areas outside the U.S. If it does, it could cause Palantir's stock to react positively.

In this photo illustration, a smartphone displays the logo of Palantir Technologies Inc. (NYSE: PLTR), an American big data analytics and software company, in front of a screen showing the company's latest stock market chart on July 30,

Palantir Technologies Inc. (NYSE: PLTR) has been on a roll in 2025. Up 100% in 2025, it is one of the best performing stocks in the past 12 months. Not many companies have been able to deliver this performance in a highly volatile year.