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PLTR Jun 2024 23.000 call
- Yahoo Finance Video
Palantir's valuation is 'expensive,' but AI potential is strong
Palantir (PLTR) has continued to outperform, driven by the hype surrounding the AI boom. Jefferies Senior Analyst Brent Thill joins the Morning Brief to share his outlook on the stock. Thill acknowledges that Palantir's main challenge lies in its valuation, describing it as "the single most expensive name." However, he remains optimistic about the improving fundamentals at the company and believes the opportunity for investors is "enormous" in terms of AI, although he suggests that there may be "better entry points," which is why he maintains a Hold rating on the stock. Drawing a parallel to Tesla's (TSLA) early days, Thill explains, "When they launched this company, it was like when Musk launched the Tesla," noting that it was unaffordable for most of the population. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance
Palantir CEO Alex Karp talks AI and the company's 'crucial role' in war
Palantir CEO Alex Karp weighed in on artificial intelligence, how the company's software can add value to businesses, and how the US has a 'structural' geopolitical advantage through its tech ecosystem.
- Yahoo Finance Video
Palantir CEO Alex Karp on AI, war, and geopolitics
Palantir Technologies (PLTR) hosted its AIPCon on Thursday, an invitation-only customer conference that has become an important way for the data analytics firm to showcase its AI software. The company has been a huge beneficiary of AI, with the stock up nearly 40% so far in 2024. In an exclusive interview with Yahoo Finance's Josh Lipton, Palantir CEO Alex Karp explains how the company's AI work is providing value for both customers and investors. "The large language model is much more like a chemistry experiment. The outgrowth of which is something that is useful when refined. And the refinement of that for your enterprise happens in what we call our ontology, which is where we impose the logic of your business on the large language model in the security and intellectual logic of your business. And this is transformative. And what it means for investors and others is there is value in this market." On the 2024 election, Karp says that, in the past, it hasn't made much of an impact on Palantir who controls the White House. But what has changed is how the US Department of Defense is spending its money. "The DOD wants to move quicker," Karp says, in a bid to stay ahead of adversaries. Karp argues there is "only one way to fight" deadly adversaries and that is "with a deadly set of weapons." Karp explains, "My version of fighting is you're so strong, you're so willing to fight, they don't fight you.... You want peace in the world? You have a lot of growth in America and you have really deadly weapon systems. And you tell your adversaries, 'You know what? I just might use them. I'm not even gonna explain why I'll use them. You start acting up, I will use them.'"
