Joe Lonsdale, 8VC founding partner and Palantir co-founder, joins 'Squawk Box' to discuss President-elect Trump's election victory, top priorities under a second Trump term, and more.
Palantir's (PLTR) big rally puts the stock at risk if the company cannot continue its massive growth, according to Joseph Bonner from Argus Research. How will the company show that there is a consistent market that justifies the stock's over 200% rally in 2024, and can it grow its commercial segment to protect against a downturn in government spending?
Palantir Technologies Inc.'s outperformance has continued to baffle me as the stock outperformed. Palantir's Q3 earnings release has silenced its doubters, justifying its business model and go-to-market strategy. Palantir's differentiated AI growth strategy and rapid prototype-to-production capability have proved effective.
Once again, the best mutual funds shun Nvidia and place huge bets on AI leaders Broadcom stock and Palantir. The post Palantir Rakes In $7.7 Billion — Mere Peanuts Next To This appeared first on Investor's Business Daily.
Palantir's Q3 2024 results highlight a 30% YoY growth rate, driven by the successful monetization of their AIP platform and a scalable growth strategy. The U.S. government segment shows significant growth, doubling YoY revenue growth for three consecutive quarters, indicating strong future potential. Palantir has truly solved sales efficiency, managing to achieve high quality, organic growth rates while expanding margins.
The stock has nearly tripled in 2024.
Billionaire Ken Griffin has been buying Palantir stock and selling shares of Nvidia this year, but investors may want to do the opposite.
Palantir's U.S. commercial segment posted 54% YoY growth, and U.S. government growth was strong at 40% YoY, lifting overall company growth. CEO Karp emphasizes Palantir's unique position to leverage AI advancements, focusing on integrating proprietary data with LLMs to drive customer results. Adjusted gross margin was 82%, with an adjusted operating margin of 38%, despite high stock-based compensation and increased expenses for AI and tech talent.
Investors kept buying the AI stock even after insiders stopped selling.
Palantir Technologies Inc (NYSE:PLTR) stock jumped to another record high this morning before pulling back, down 2.4% at $54.19 at last glance.
Here is how Palantir Technologies Inc. (PLTR) and GDS Holdings (GDS) have performed compared to their sector so far this year.
A Jefferies analyst thinks Palantir's large base of retail-investor support “is a double-edged sword.”