Palantir, ai
Digest more
Palantir CEO Alex Karp criticized Michael Burry for shorting AI leaders, calling the move “crazy.” Palantir shares dropped 8% despite strong quarterly results and upbeat guidance, as investors grew wary of high valuations in AI stocks.
Palantir expects $4.4 billion in 2025 sales, boosting its position as a leader in defence AI with major contracts and partnerships.
Palantir Technologies forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.
1don MSN
Palantir Stock Edges Down Despite Stellar AI-Driven Q3 Earnings Results and Raised 2025 Guidance
U.S. commercial revenue skyrocketed 121% year over year on soaring demand for the company's artificial intelligence (AI)-powered software platform.
In 2005, Michael Burry placed a long-term $1 billion bet against the U.S. mortgage market, which led to the 2007 global financial crisis. His investment firm, Scion Asset Management, purchased
Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
Palantir Technologies Inc. broke records once again with its third-quarter earnings as the company’s artificial-intelligence offerings drove aggressive business growth and sent the stock climbing 5% in Monday’s extended session.
On Oct. 27, Palantir executed a major defense AI pact, one with major long-term implications for its broader AI war footing, which is likely to become a massive on-ramp to Palantir’s next leg higher. Poland just put Palantir on speed dial.
The joint venture, Aither, aims to help Dubai hit its target of generating 100 billion dirhams ($27 billion) annually through digital transformation initiatives.
I think there's one under-the-radar AI stock could easily outperform it over the next decade. SoundHound AI ( SOUN 6.72%) could end up mirroring Palantir's returns, as it has all the makings of becoming the building blocks for much larger AI applications.