AI drove third-quarter profits to a historic high, and Palantir's stock price surged by over 20%. Big data analysis company Palantir announced its third-quarter results on Thursday. Due to the growing demand for its artificial intelligence (AI) products in the market, the company achieved profits for the fourth consecutive quarter, and the third quarter profit reached the highest level in the company's 20 year history. In the early trading session of the US stock market, Palantir's stock price surged by over 20%, setting its largest daily gain since May.