Palantir soars 15% after company reports strong earnings and says demand for its AI tool is 'without precedent'

• Palantir stock jumped 15% Tuesday after the software company touted strong demand for its AI tools. 
• The company also topped earnings expectations for the first quarter.
• "The depth of engagement with and demand for our new Artificial Intelligence Platform is without precedent," CEO Alex Karp said. 

Palantir stock surged Tuesday as the analytics software maker spoke of hot demand for its upcoming AI tool and projected the company will be profitable throughout this year.