drives higher forecast

Shares of Palantir Technologies Inc. shot up about 12% in late trading today after the big-data analytics company beat analyst expectations in its fiscal second quarter and forecast a higher-than-expected outlook thanks to increasing growth in artificial intelligence. For the quarter ended June 30, Palantir reported adjusted earnings per share of nine cents, up from five cents per share in the same quarter of fiscal 2023, on revenue of $678 million, up 27% year-over-year. Analysts had expected eight cents a share on revenue of $653 million. The company saw net income from operations in the quarter of $134 million and…