Palantir Soars 14% on Raised Outlook, Amazon Slips as Bezos Plans Share Sale

Palantir Technologies shares rallied 14% in after-hours trading after the company raised its revenue and income guidance, signaling strong business momentum. The sharp move extended the stock’s recent gains.

Amazon shares fell as much as 1.9% in the aftermarket as Chairman Jeff Bezos filed to sell a portion of his holdings, adding to a mixed post-earnings picture for the e-commerce giant.

Broader markets were influenced by geopolitics and commodities. Crude oil initially slid as Middle East tensions moderated, with Brent dipping below $84 a barrel, but prices later trimmed losses to $84.10 after former President Trump called ongoing negotiations with Iran its “last chance.” Government bonds rallied, pushing yields lower amid the initial de-escalation sentiment.