Palantir Technologies reported second-quarter revenue of $1.94 billion, up 92.83% and surpassing expectations. Growth was driven by demand for sovereign AI and operational control, with U.S. commercial revenue jumping 149% and U.S. government revenue increasing 90%. Net dollar retention reached 157%, indicating that existing customers expanded their spending. Snowflake also posted strong quarterly results, underscoring the companies' roles in enterprise AI.