The GraniteShares 2x Long PLTR Daily ETF (PTIR) surged 35.22% after market close on February 3, 2025, closing at $155.31, as Palantir Technologies (PLTR) reported robust Q4 2024 earnings, exceeding market expectations. Palantir's revenue grew 36% y/y to $828 million, with U.S. revenue up 52% y/y, driving investor optimism. The company also issued FY 2025 revenue guidance of 31% y/y growth, surpassing consensus estimates. This strong performance comes amid a broader AI market rally, despite recent volatility due to concerns over competition from Chinese AI firms like DeepSeek. Palantir's strategic investments, such as in Shield AI, and its partnerships in space technology, further bolster its growth prospects.