Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTHillary RemyFri, August 7, 2026 at 6:03 PM GMT+2 5 min readSoftware stocks have had a rough year. The fear driving them down is real: AI agents are getting good enough to automate tasks that enterprise software used to handle, and investors have been cutting valuations across the board.The debate has been running all year with no clear answer.On Aug. 3, one CEO stepped into that debate with 11 words. "Our entire business nearly doubled in the span of 12 months," Palantir Technologies CEO Alex Karp wrote in his investor letter, according to The Motley Fool.Palantir (PLTR) just reported results that ask a pointed question: Is AI killing enterprise software, or is it making the strongest players untouchable?What Palantir's business doubling means for PLTR stockKarp did not stop at the investor letter. On the earnings call, he told investors to "forget consensus" and said to his knowledge, as CNBC reports, "no businesses at our scale has even grown half this much."He called the quarter "otherworldly" and told analysts the current growth pace "looks like this is going to go on for at least another 18 months."More Palantir:Palantir CEO admits AI would make him 20 times richer