Given that the world is headed towards a surveillance dystopia and Peter Thiel being involved I think I should buy some stocks now. What happened end of 2024 that kicked off its price hike?
>What happened end of 2024 that kicked off its price hike?
Owning the vice president tends to look pretty damn good on a balance sheet. Especially when that admin is pretty openly running pump and dumps on wall street.
Maybe not... given its Price/Sales ratio, it's pricing in about 10 years of 30% growth. It's a great company (bracketing the ethics issue which has produced a lot of boring discussion here). But even a great company can be severely overvalued.
Put another way: if you buy, be very ready to sell fast, and very confident that you can gauge when a market turns.
It actually first jumped significantly after the earnings call the day before the election.
A 54% growth on the commercial side, being added to the S&P500, 1b in free cash flow, etc. Since then there have been constant announcements of more success resulting in buy-ins from all the big institutional funds including sovereign wealth funds.
Sure, the political connections are there, but is that why everyone's buying?
I think the future with AI has no room for Palantir.
Basically, their entire premise is go into some place, collect all the data and build models that are useful on top that data.
Those models are now pretty much useless in the age of LLMs as the LLMs are so powerful you dont need custom models to predict behavior anymore. The new meta in this space is probably someone taking all the data into some db and using LLM on it either through training or interpretation.
