Mike Gallagher, Head of Defense at Palantir, says the U.S. is "narrowly ahead" in the global AI race versus China, but warns that it should not be a cause for complacency. He joins Squawk Box Asia on the sidelines of the IISS Shangri-La Dialogue 2025.
Dan Ives of Wedbush has been right with Palantir so far. Could he be right about the road ahead?
In the rapidly evolving landscape of artificial intelligence (AI) and defense technology, two companies have emerged as notable players - BigBear.ai Holdings Inc. BBAI and Palantir Technologies Inc. PLTR. Both firms specialize in providing AI-driven analytics and solutions to the government and defense sectors, leveraging cutting-edge technologies to enhance decision-making and operational efficiency.
Palantir stock has hammered short sellers this year.
YieldMax PLTR Option Income Strategy ETF offers an eye-catching 147.89% distribution rate, fueled by lucrative options premiums on PLTR, but this yield is likely unsustainable long term. The ETF does not directly own PLTR shares; it uses synthetic exposure and covered call strategies, capping upside and introducing significant risk. PLTR's current valuation is extremely high compared to peers, making it unlikely to sustain recent gains and, by extension, PLTY's high distributions.
Both Palantir Technologies Inc. PLTR and Coherent Corp. COHR are major players in the AI and data infrastructure space.
Love it or hate it, artificial intelligence (AI) is likely the most transformative and profitable technology in recent history. According to the International Monetary Fund, AI could affect 40% of all jobs around the world, while Goldman Sachs predicted two years ago that it would increase the global GDP by no less than $7 trillion by 2033.
Palantir Technologies Inc. (NYSE: PLTR) has exhibited remarkable stock market performance over the last year, fueled by an increase in demand for its AI-powered platforms in both government and commercial sectors. As of May 24, 2025, PLTR shares finished at $123.31 – marking a 63% increase year-to-date and an impressive 400+% rise over the past year.
Palantir Technologies Inc. NASDAQ: PLTR continues to stack up wins. One of the company's latest announcements was a $795 million contract with the U.S. Army regarding its Maven Smart System.
We closed our short position in Palantir at a loss. We believe that we were wrong on the timing and not on the idea itself. However, it's important to always remember that the market can be irrational longer than you can stay solvent.
“We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S.
The Golden Dome missile defense project will require industry-wide collaboration, not a single winner, due to its complexity and cross-domain requirements. Lockheed Martin remains essential as the prime integrator, providing full-stack hardware-to-software battle management and weapon systems integration. Palantir Technologies excels in AI, data fusion, and digital twin capabilities, enhancing decision support and real-time simulation for the Golden Dome initiative.