Shares of Palantir (PLTR) are rising in Tuesday's pre-market trading after the software company beat second quarter revenue estimates on Monday, posting $678 million against an expected $653 million. The company raised its full-year outlook on strong demand for its AI products and services with CEO Alex Karp claiming that AI has "transformed" the business in a letter to shareholders.

Morning Brief Anchors Brad Smith and Seana Smith break down Palantir's earnings figures and what it could mean for the company moving forward.

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This post was written by Nicholas Jacobino