Latest news with #AlexKarp
Bloomberg
5 days ago
- Business
- Bloomberg
Stock Movers: Palantir, Citi, Centene
On this edition of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Palantir (PLTR) shares posted another solid week of gains and is among the best performers of the year so far. Earlier in the week, President Donald Trump unveiled a $70 billion in investments in artificial intelligence and energy in Pennsylvania and hosted an event in Pittsburgh. Palantir CEO Alex Karp was in attendance. - Citi (C) shares had a good week after delivering earnings. The bank's traders rode the tariff-induced volatility in markets to their best second quarter in five years, with revenue buoyed by record trading volumes in the quarter. Revenue from Citi's fixed-income trading business soared 20% to $4.3 billion, beating the $3.9 billion predicted by analysts in a Bloomberg survey. Citigroup's stock traders hauled in $1.6 billion, also surpassing expectations, aided by a surge in prime balances to record levels during the period. Centene (CNC) shares slid 11% this week. The healthcare company has been under pressure amid changing regulations at the federal level, and since President Donald Trump's sweeping tax and spending bill and its impact on Medicaid.
Business Wire
6 days ago
- Business
- Business Wire
Knightscope Joins Forces with Palantir to Advance Public Safety
SUNNYVALE, Calif.--(BUSINESS WIRE)-- Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced it has signed a two-year agreement with Palantir Technologies Inc. (NASDAQ: PLTR), joining Palantir's FedStart program to accelerate the Company's entry into the U.S. federal marketplace. The collaboration provides Knightscope with an accelerated pathway to FedRAMP High and DoD Impact Level 5 accredited environment, comprehensive onboarding services, and direct Authority to Operate (ATO) support. These capabilities are essential to deploying AI-driven public safety technologies in secure federal settings. 'This agreement represents a transformational step forward in our federal strategy,' said William Santana Li, Chairman and CEO, Knightscope. 'By joining Palantir's FedStart program, we are preparing to deliver our autonomous security technology into some of the most mission-critical and security-conscious environments in the Nation. This collaboration aligns strongly with current momentum in Washington toward establishing a National Robotics Strategy to ensure U.S. leadership in autonomous systems.' Under the agreement, Knightscope will operate its software within Palantir-managed AWS GovCloud clusters, ensuring compliance through accredited infrastructure, continuous monitoring, and quarterly third-party assessments – all critical to achieving and maintaining federal ATO status. The partnership comes amid growing calls for a National Robotics Strategy aimed at strengthening domestic innovation, countering foreign influence in robotics, and modernizing U.S. government operations. Through FedStart, Knightscope is positioned to scale its solutions in service of national security, public safety, and critical infrastructure protection. Palantir's stated mission to empower American institutions with secure, AI-driven platforms reinforces alignment between the two companies. In a 2024 shareholder letter, Palantir CEO Alex Karp emphasized the company's role in deploying operational AI 'to protect liberty and support public institutions' – a vision that echoes Knightscope's public safety mission. 'As federal leaders look to autonomous technologies to enhance operations and resilience, Knightscope is investing in the infrastructure, partnerships, and accreditations that will enable us to lead,' added Li. About Knightscope Knightscope is transforming public safety with cutting-edge robotics and AI technologies. From autonomous security robots to advanced detection systems, Knightscope is committed to building safer communities where you live, work, study and visit. Our long-term ambition is bold but simple: to make the United States of America the safest country in the world. Learn more about us at Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company's goals, profitability, growth, prospects, reduction of expenses, and outlook. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.
Yahoo
14-07-2025
- Business
- Yahoo
Palantir (PLTR): A Bull Case Theory
We came across a bullish thesis on Palantir on Compounding Your Wealth's Substack by Sergey. As of 9ᵗʰ July, Palantir's share was trading at $139.71. PLTR's trailing and forward P/E were 635.05 and 297.26 respectively according to Yahoo Finance. Palantir is a software company specializing in big data analytics and integration platforms, founded in 2003 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. The company's primary products include Palantir Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP). Palantir's mission is to empower organizations to make sense of their data to solve complex problems and drive impactful decisions. The company operates within the technology sector, focusing on software solutions for big data analytics, artificial intelligence (AI), and data integration. Palantir's competitive advantage lies in its high switching costs and proprietary intellectual property (IP), with over 3,400 global patents. The company's platforms require extensive customization and integration into client workflows, resulting in substantial switching barriers. Palantir's Total Addressable Market (TAM) is estimated at over $200 billion, expanding with a projected CAGR of 18%-25% through 2030. The company's revenue growth has accelerated, reaching 39.3% YoY, with a strong outlook for the next quarter. Despite the company's strong performance, its valuation remains extremely high, reflecting strong expectations of continued revenue acceleration. Palantir's stock-based compensation (SBC) expenses decreased to 18% of revenue, but shareholder dilution remains high. The company's commercial growth is more important given the larger market opportunity, and it will be crucial to watch how the international commercial segment expands going forward. At the moment, the author remains on the sidelines and does not hold PLTR due to its high valuation and already elevated expectations being priced into the stock. Previously, we covered a on Palantir by Stefan Waldhauser on June 23, 2025, highlighting the company's potential as a backdoor play on the AI energy boom through its critical energy infrastructure assets. The stock has depreciated by 0.15% since our coverage. The previous thesis emphasized Palantir's role in powering AI with energy infrastructure, positioning it for growth. Sergey shares a contrarian view, emphasizing Palantir's high valuation and already elevated expectations, citing a high stock-based compensation expense and shareholder dilution. The conviction in the thesis has weakened due to valuation concerns. Palantir is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held PLTR at the end of first quarter which was 64 in the previous quarter. While we acknowledge the risk and potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to Blackrock. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Palantir (PLTR): A Bull Case Theory
We came across a bullish thesis on Palantir on Compounding Your Wealth's Substack by Sergey. As of 9ᵗʰ July, Palantir's share was trading at $139.71. PLTR's trailing and forward P/E were 635.05 and 297.26 respectively according to Yahoo Finance. Palantir is a software company specializing in big data analytics and integration platforms, founded in 2003 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings. The company's primary products include Palantir Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP). Palantir's mission is to empower organizations to make sense of their data to solve complex problems and drive impactful decisions. The company operates within the technology sector, focusing on software solutions for big data analytics, artificial intelligence (AI), and data integration. Palantir's competitive advantage lies in its high switching costs and proprietary intellectual property (IP), with over 3,400 global patents. The company's platforms require extensive customization and integration into client workflows, resulting in substantial switching barriers. Palantir's Total Addressable Market (TAM) is estimated at over $200 billion, expanding with a projected CAGR of 18%-25% through 2030. The company's revenue growth has accelerated, reaching 39.3% YoY, with a strong outlook for the next quarter. Despite the company's strong performance, its valuation remains extremely high, reflecting strong expectations of continued revenue acceleration. Palantir's stock-based compensation (SBC) expenses decreased to 18% of revenue, but shareholder dilution remains high. The company's commercial growth is more important given the larger market opportunity, and it will be crucial to watch how the international commercial segment expands going forward. At the moment, the author remains on the sidelines and does not hold PLTR due to its high valuation and already elevated expectations being priced into the stock. Previously, we covered a on Palantir by Stefan Waldhauser on June 23, 2025, highlighting the company's potential as a backdoor play on the AI energy boom through its critical energy infrastructure assets. The stock has depreciated by 0.15% since our coverage. The previous thesis emphasized Palantir's role in powering AI with energy infrastructure, positioning it for growth. Sergey shares a contrarian view, emphasizing Palantir's high valuation and already elevated expectations, citing a high stock-based compensation expense and shareholder dilution. The conviction in the thesis has weakened due to valuation concerns. Palantir is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held PLTR at the end of first quarter which was 64 in the previous quarter. While we acknowledge the risk and potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to Blackrock. Disclosure: None.
Yahoo
12-07-2025
- Business
- Yahoo
Veteran analyst sends bold message on Palantir stock target
Veteran analyst sends bold message on Palantir stock target originally appeared on TheStreet. Palantir Technologies () closed at $143.13 on July 9, just shy of its all-time high of $144.25 hit on June 26. The stock has been one of the biggest winners of the AI rally, surging 340% in 2024 alone. But with its sky-high valuation, investors are questioning how much higher the stock can go. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Palantir is known for its AI-driven data analytics software used by the U.S. government, military, and commercial clients, such as Airbus, Merck, and Ferrari. Recent army contracts and the partnership with The Nuclear Company have lifted the stock. Its strong first-quarter earnings in May and a raised full-year outlook also helped fuel stock momentum. 'We are delivering the operating system for the modern enterprise in the era of AI,' CEO Alex Karp said at the time. Shares of Palantir have gained roughly 90% year-to-date. But there are warning signs behind the surge. Despite its growth, Palantir's valuation has raised eyebrows. The stock currently trades at a trailing price-to-earnings ratio of 607.43, which is about 14 to 15 times higher than peers like Salesforce () (42.82) and Microsoft () (38.38). Palantir's earnings quality has also been questioned. 'Valuation is absurd,' Sean Williams wrote on The Motley Fool, pointing out that 40% of the company's pre-tax income last year came from interest on its major investors have started backing away. Billionaire Stanley Druckenmiller sold all his Palantir shares in the first quarter of 2025. Cathie Wood sold about 233,400 shares worth roughly $33 million in June. Historically, the 'next big things', like the earlier dot-coms, often faced an early bubble-bursting phase. If AI is next, Palantir could be among the hardest hit. Stephen Guilfoyle, a veteran analyst with more than 30 years of NYSE floor trading experience, runs Sarge986 LLC, a family-owned trading operation. He has long followed Palantir, and the stock has surged around 2,074% since he included it in his portfolio. Although Palantir closed at $143.13 on July 9, it hasn't yet reached Guilfoyle's target price. He remains confident in the stock's long-term potential, especially in the current geopolitical a note published on TheStreet Pro on July 8, Guilfoyle described Palantir as 'America's most important defense contractor,' citing its key position in NATO's increasing defense spending and the lack of serious competition in Europe when it comes to data and analytics. He also noted the company's growing success outside the public sector. 'The commercial side of what Palantir provides has been growing more quickly than the government side, by a 71% to 45% score,' he wrote in another note on June 24. 'Valuation is absurd," he conceded. "The threat — and it will come — to Palantir's valuation will come from competitive pressure, but that day, in my opinion, is not yet upon us.' On the technical side, Guilfoyle pointed out that a previously bullish pattern has softened, though the stock still trades above key trendlines. He sees a chance for increased institutional interest near the 50-day simple moving average, while a drop below the 200-day average would signal potential downside. More Palantir Veteran fund manager reboots Palantir stock price target As Palantir stock soars, veteran trader makes surprising call Palantir reacts to controversial New York Times allegations Guilfoyle's current target price stands at $181, with a pivot at $156. The price target is the highest among Wall Street analysts. According to TipRanks, analysts' average price target for Palantir is $108, which implies a 24% downside from the latest close. Price targets range from $40 on the low end to a high of $ analyst sends bold message on Palantir stock target first appeared on TheStreet on Jul 10, 2025 This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared. Sign in to access your portfolio
