Palantir's Chip War Breakout: 29.5% Opportunity Amid AI Rivalry

Palantir Technologies (PLTR) stock has surged above the 163.70 buy point, now forming a new entry above the 5% buy zone (171.88). The stock broke its 200-day moving average for the first time since January, marking a 29.5% rally on August 4.

■PLTR reported a 156% EPS jump to 41 cents in 2026, with revenue spiking 93% to $1.935 billion.

■The company's 12th consecutive quarter of revenue growth underscores its resilience against AI rivals like OpenAI and Anthropic.

■22 August saw PLTR and Freeport-McMoRan among five stocks near breakout levels.

Palantir's positioning in the chip supply chain, amid TSMC capacity expansions and ASML machine demand, positions it as a strategic player. The $16 billion AI life sciences market by 2035 further validates its long-term potential.