Palantir has delivered explosive revenue growth in recent years. This is thanks to the company's role in the AI boom.
Palantir CEO Alex Karp believes his company is in its early stages of growth. The stock's valuation, though, remains astronomically high.
Palantir CEO Alex Karp told CNBC that his company's technology is being used in the war in the Middle East. Karp declined to comment on whether Palantir's Project Maven software was used to target and kill Iranian Supreme Leader Ayatollah Ali Khamenei.
CNBC's Seema Mody reports from Palantir's annual conference, AIPCon, where she sat down exclusively with Palantir CEO Alex Karp to discuss how the company's technology is being used in the Middle East war.
Micron's HBM chip demand is driving revenues as AI infrastructure expands, while valuation concerns and risks raise questions about Palantir's appeal today.
Palantir Technologies stock has regained its mojo in March, driven by the Middle East conflict. It remains to be seen how the conflict will affect Palantir's business, but Wall Street seems confident it could win more government contracts amid the ongoing tensions.
Nvidia Corporation remains a Strong Buy, trading at a significant discount to peers despite sector-leading growth and profitability. NVDA's sovereign AI business, bolstered by a Palantir collaboration, is poised to capture a substantial share of a projected $600B market by 2030. The upcoming GTC 2026 event and the launch of the Nemotron 3 Super AI model could catalyze a share price rally.
Palantir Technologies Inc (PLTR) is in focus today after CEO Alex Karp confirmed the company still uses Anthropic's Claude AI, despite the Pentagon's recent branding of the startup as “supply chain risk.” While the Department of Defense (DOD) plans on moving away from Anthropic, the integration remains active for now, he revealed at the “AIPcon 9” this morning.
Palantir Technologies (NASDAQ: PLTR) received a reiterated ‘Buy' rating from Truist Securities on Wednesday, March 11, with the firm maintaining a $223 price target.
Palantir CEO Alex Karp confirmed that Anthropic's Claude is still being used in the company's tools despite the startup's blackisting by the Pentagon. The Defense Department designated Anthropic a supply-chain risk last week, but is still using Claude for military operations in Iran.
Ondas Holdings Inc (NASDAQ:ONDS) stock is buzzing this morning, up 2.6% to trade at $10.10, after the drone technology company announced a strategic partnership with Palantir Technologies (PLTR).
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) is trading around $151 to $152 in premarket hours this Thursday morning.