Market Performance and Trends - The stock market has seen exceptional performance in 2023, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite rising by 16%, 27%, and 33% year-to-date, respectively [2] - The AI revolution has been a major driver of the stock market's two-year ascent, with AI's ability to improve over time and learn new skills expected to create a $15.7 trillion addressable market by 2030 [3][4] Palantir Technologies Overview - Palantir's stock has surged 343% year-to-date and 935% over the trailing two-year period, outperforming major stock indexes [5] - The company's unique positioning and irreplaceability at scale have driven investor excitement, with its Gotham and Foundry platforms being key differentiators [7][8][9] - Palantir's Gotham platform, focused on government contracts, has been instrumental in achieving recurring profitability, with steady double-digit sales growth [10] - The Foundry platform, aimed at enterprises, is in its early growth stages, with a 51% year-over-year increase in commercial customers to 498 in the latest quarter [11] Financial and Valuation Insights - Palantir ended Q3 with $4.6 billion in cash, cash equivalents, and U.S. Treasuries, with no debt, providing financial flexibility and potential for shareholder rewards [12] - The company's trailing-12-month price-to-sales (P/S) ratio of over 69 is historically high, exceeding even market leaders like Amazon and Cisco Systems during the dot-com bubble [17][18] - Palantir's valuation premium is supported by its AI integration, recurring GAAP profits, and irreplaceability, but historical trends suggest potential for significant declines in stock value [21] Growth and Market Challenges - Palantir's Gotham platform faces a natural growth ceiling due to its limited availability to the U.S. government and allies, placing future profit growth reliance on Foundry [19][20] - Historical patterns indicate that market leaders in next-big-thing trends often experience significant value declines, with losses ranging from 80% to 99% peak-to-trough [15][16] - Despite its strong position, Palantir's valuation and historical precedents suggest potential for a halving or larger decline in stock value, consistent with past trends in innovative technologies [21]

Palantir Technologies (PLTR -0.42%) has reached many major milestones this year. The company joined the prestigious S&P 500 index back in September, proving it's now one of the major players driving today's economy. And in the most recent quarter, this 20-year-old business generated its biggest profit ever following quarter after quarter of double-digit revenue growth. The stock price has reflected all of this and more, and today, Palantir is heading for a mind-blowing 340% annual gain. That makes it the be ...

Nvidia has emerged as the king of the AI realm, but is there room for more than one player at the top?For much of the last two years, big tech has dominated the storyline revolving around artificial intelligence (AI). "Magnificent Seven" members Microsoft, Amazon, and Alphabet have invested billions into the likes of ChatGPT creator OpenAI and perhaps its biggest rival, Anthropic.Meanwhile there is Tesla, Elon Musk's brainchild that's looking to bring self-driving cars and humanoid robots to the masses. And ...

SAN JUAN, Puerto Rico, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat" or "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal second quarter ended October 31, 2024 and provides a corporate update. Recent Operational Highlights: Announced selection as the winner of the U.S. Army's Short Range Reconnaissance (SRR) Program of Record. Announced a strate ...

Key TakeawaysShares of Palantir slipped Monday, while MicroStrategy rose, on Friday's news that they will be added to the Nasdaq 100 index on Monday, Dec. 23, along with Axon Enterprise.The index, which contains the 100 largest non-financial sector companies in the Nasdaq Composite Index, is reconstituted annually.The additions will replace Super Micro Computer, Moderna, and Illumina.  Shares of Palantir Technologies (PLTR) fell Monday, while MicroStrategy (MSTR) rose, following the late-Friday news that th ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Palantir Technologies (PLTR) isn't the only name joining the Nasdaq-100 Index (NDX) next week. MicroStrategy Inc (NASDAQ:MSTR) and Axon Enterprise Inc (NASDAQ:AXON) will also become a part of the tech-heavy benchmark on Monday, Dec. 23, so now is the perfect time to check in with these stocks.MSTR is up 2.5% at $419.04 at last check, after the software company expanded its Bitcoin (BTC) holdings to $1.5 billion as the cryptocurrency hits never-before-seen highs. The stock is fresh off its sixth weekly win o ...

Both companies have their strengths, but one is a safer pick than the other.Year to date, shares of Palantir Technologies (PLTR -3.02%) have soared by 326% while shares of Adobe (ADBE -0.21%) have tanked by 20%. However, picking a stock based largely on its recent performance is a strategy fraught with risks. Past returns are not predictive of the growth potential of a stock.Instead, it is more prudent to analyze a company's business model, competitive positioning, risks, and the stock's volatility before m ...

SAN JUAN, Puerto Rico, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (NASDAQ:RCAT) ("Red Cat'' or the "Company"), today announced a strategic partnership with Palantir Technologies Inc. (NASDAQ:PLTR) to integrate Visual Navigation software (VNav) into Red Cat's Black Widow drones and to deploy Warp Speed, Palantir's manufacturing OS. This collaboration will transform autonomous sUAS operations for modern warfare by utilizing Palantir's advanced AI software running onboard the drone which referenc ...

Dan Ives is the global head of technology research at Wedbush Securities. During his two decades following the tech sector, Ives has made several big, bullish calls that challenged the prevailing sentiment on Wall Street.For instance, he predicted in January 2024 the Nasdaq Composite would hit 20,000 this year. Lo and behold, the index crossed that threshold last week. But Ives made what may be his boldest call to date last month during an interview with Schwab Network.He argued Wall Street is dramatically ...