Palantir soars 16% after it reports first profitable quarter and talks up artificial intelligence potential

• Palantir surged 16% on Tuesday after it reported its first profitable quarter on record.
• The company reported earnings results that topped analyst estimates and talked up its potential in artificial intelligence.
• "With this result, Palantir is profitable. This is a significant moment for us," CEO Alex Karp said. 

Palantir stock soared as much as 16% on Tuesday after the company reported its first profitable quarter on record.

The company generated GAAP income of $31 million in its fourth-quarter, and it topped analyst estimates for both revenue and profit.

Here were the key numbers: