点击蓝字，关注我们 今日上午港股 1.蜜雪集团 (02097) 涨超 7%，创新高。 大和上调其目标价至608港元，看好同店销售增长及开店速度。 2.连连数字 (02598) 涨近 10%。 香港《稳定币条例》正式刊宪生效。 3.汽车股集体下跌。理想汽车-W、长城汽车、广汽集团均跌超2%。 消息面上，工信部、中汽协发声反 对"内卷式"价格战。机构（海通国际）指价格战催化行业洗牌，动销波动加剧。 4.石四药集团 (02005) 跌超 7%。 公司公布一季度业绩， 营业额同比降36.9% ，股东应占溢利同比降 59.5%。预期上半年溢利同比下降45%-60%，主因需求回落、集采及竞争加剧带来的价格压力。 5.光伏股全线走低。新特能源、信义能源、福莱特玻璃、信义光能均跌超4%。 消息面上，4月光伏抢装 潮后，5月预期中的"531"抢装潮未现。 6.内房股早盘集体走低。富力地产、融创中国、新城发展、雅居乐集团均跌超4%。 消息面上，中指研究 院数据显示1-5月百强房企销售额同比降10.8%，5月单月同比降17.3%（降幅扩大）。 7.重庆农村商业银行 (03618) 涨近 5%。 消息面上，公司首次被纳入沪深300指 ...

Core Insights - A new arms race is emerging in artificial intelligence, autonomous systems, and space-based defense, with the U.S. developing a next-generation missile shield called the "Golden Dome" [1][4] - The Golden Dome initiative is backed by a coalition of public and private companies, including SpaceX, Anduril Industries, and Palantir Technologies, highlighting a shift in defense innovation outside traditional public markets [1][14] - The initiative is expected to command over $175 billion in long-term defense spending, emphasizing rapid procurement and modernization [4] Group 1: Golden Dome Initiative - The Golden Dome is designed for mobility, scale, and rapid response, utilizing hundreds of low-Earth orbit satellites and AI systems for real-time threat neutralization [3] - The initiative represents a significant shift from legacy missile defense systems, which relied on ground-based radars and static platforms [3] Group 2: Key Companies Involved - Anduril Industries, founded by Palmer Luckey, is a major player in defense tech, utilizing its Lattice OS platform for real-time sensor data integration [5] - Palantir Technologies has become critical in providing AI models for defense initiatives, with its platforms embedded across various military and intelligence agencies [9] - SpaceX is positioned to deliver the orbital backbone of the Golden Dome, transforming from a private aerospace firm to a core U.S. defense asset [11][12] Group 3: Market Dynamics - Retail investors have historically been excluded from private companies driving defense innovation, but new investment vehicles like the XOVR ETF are emerging to bridge this gap [2][15] - The convergence of public and private firms in defense reflects a broader shift in U.S. industrial policy, with innovation now running through a hybrid pipeline of startups and growth-stage firms [14]

Group 1 - The article discusses the investment positions of Parkev Tatevosian, CFA, and mentions that he has no position in any of the stocks mentioned [1] - The Motley Fool has positions in and recommends Palantir Technologies, indicating a positive outlook on the company [1] - There is a disclosure policy in place by The Motley Fool, which highlights transparency in their investment recommendations [1]

Core Viewpoint - Technology stocks, particularly in the AI sector, are experiencing significant growth despite broader market pressures, with Palantir Technologies and Snowflake showing impressive gains driven by their AI initiatives [1][2]. Palantir Technologies - Palantir's stock has surged 63% in 2023, attributed to its successful Artificial Intelligence Platform (AIP) launched two years ago, which enhances productivity and reduces operational costs for clients [2][4]. - The company is recognized as a leading provider of AI software platforms, with a notable acceleration in growth following the AIP release [5]. - Revenue growth increased from 18% year-over-year in Q1 2023 to 39% in Q1 2025, indicating strong market capture in AI software [6]. - Remaining deal value (RDV) rose 45% year-over-year to $6 billion, suggesting a robust pipeline of future contracts [8]. - Adjusted operating margin improved by 8 percentage points, contributing to a 62% increase in earnings, with the AI software market projected to reach $153 billion by 2028 [9]. Snowflake - Snowflake's data cloud platform has evolved to support AI model development, allowing customers to build and deploy AI applications using stored data [10]. - The company has invested in GPUs to facilitate AI model execution, providing a pay-as-you-go model that reduces infrastructure costs for clients [11]. - Approximately 45% of Snowflake's customers are utilizing its AI tools, with a 19% increase in customer count year-over-year in Q1 [12]. - Product revenue grew by 26% year-over-year, while remaining performance obligations increased by 34% to $6.7 billion, indicating strong demand from both existing and new customers [13]. - The addressable market for Snowflake's data cloud platform is estimated at $342 billion by 2028, presenting significant growth potential [13]. Comparative Analysis - Both Palantir and Snowflake are experiencing healthy growth rates, with Palantir's revenue growth outpacing Snowflake's, while Snowflake's bottom-line growth of 71% exceeds Palantir's [14]. - Valuation differences exist, with Snowflake's stock being significantly cheaper than Palantir's, which may appeal to different investor risk tolerances [15][17].

Core Viewpoint - Palantir has experienced significant stock price appreciation, rising over 600% since the beginning of 2024, leading to questions about whether it is still a viable investment opportunity [1]. Group 1: Company Performance - Palantir's AI-powered data analytics software suite has gained a broad and growing customer base, initially serving government clients and expanding into commercial markets, particularly in the U.S. [3][4]. - In Q1, Palantir's U.S. commercial segment saw a revenue increase of 71% to $255 million, while U.S. government revenue rose by 45% to $373 million [5]. - Total commercial sales increased by 33% to $397 million, and total government sales grew by 45% to $487 million in Q1 [6]. - Palantir's profit margin reached a record high of 24% in Q1, indicating improved profitability [7]. Group 2: Future Outlook - Management has provided guidance for Q2, expecting a revenue increase of 38% year over year, although this is slower than Q1's growth rate of 39% [9]. - If Palantir maintains its domestic revenue growth, it is positioned for continued success [6]. Group 3: Valuation Concerns - Despite strong growth metrics, Palantir's stock is considered expensive, trading at 212 times forward earnings and nearly 100 times sales [10][12]. - Projections suggest that even with optimistic growth assumptions, the stock would still be trading at 58 times earnings in five years, indicating high valuation concerns [13]. - The current stock price reflects expectations of significant future growth, leading to the conclusion that there may be better investment options available [14].

Group 1: Palantir Technologies - Palantir is expected to become a $1 trillion company within three years, indicating a 240% upside from its current market value of $294 billion [1] - The company has shifted focus from bespoke data analytics for the U.S. intelligence community to modular software platforms for commercial and government sectors, with core products Gotham and Foundry [3] - In 2023, Palantir launched an Artificial Intelligence Platform (AIP) that integrates generative AI into data analytics workflows, recognized by Forrester Research as a technology leader in AI and machine learning [4] - In Q1, Palantir's customer count rose 39% to 769, average spend per customer increased 24%, and revenue grew 39% to $884 million, with non-GAAP earnings jumping 62% to $0.13 per diluted share [5][6] - Wall Street estimates adjusted earnings will grow at 31% annually through 2026, leading to a current valuation of 270 times earnings [6] Group 2: Upstart - Upstart's lending platform utilizes AI to assess credit risk more accurately than traditional methods, benefiting from a network effect that enhances its machine learning models [8] - The company reported strong Q1 results, with loan originations more than doubling, revenue increasing 67% to $2.1 billion, and non-GAAP net income rising to $0.30 per diluted share from a loss of $0.31 in the same quarter last year [9] - Despite strong performance, Upstart's stock declined post-earnings due to investor concerns about the lending environment and potential economic recession [10] - Wall Street anticipates adjusted earnings growth of 195% annually through 2026, making the current valuation of 140 times earnings appear reasonable [11] - Upstart-powered loans have outperformed the two-year Treasury yield by an average of 8 percentage points over the last eight quarters, indicating strong demand potential in a $3 trillion addressable market [12]

Group 1 - Palantir Technologies Inc (NASDAQ:PLTR) is experiencing significant stock performance, currently up 6.4% to $130.17, with a notable increase of 72% in 2025, testing its record high of $133.49 from May 14 [1][2] - The company is being engaged by President Donald Trump to organize personal data across various government agencies, which is expected to enhance its government contract portfolio [1] - Despite the stock's gains, analysts remain cautious, with 17 out of 20 brokerages maintaining "hold" or worse ratings, indicating a potential shift in sentiment could benefit the stock [2] Group 2 - The options market shows a high level of put exposure among short-term traders, with a Schaeffer's put/call open interest ratio (SOIR) of 9.99, ranking in the 85th percentile of its annual range [3] - Palantir's Schaeffer's Volatility Index (SVI) is at 55%, ranking in the 22nd percentile of its annual range, suggesting options are affordably priced [3] - The company has a Schaeffer's Volatility Scorecard (SVS) of 85 out of 100, indicating a history of exceeding option traders' volatility expectations over the past year [3]

Group 1: Industry Overview - The introduction of generative AI is expected to lead to significant wealth creation, with Morgan Stanley estimating revenue across software and internet companies to increase over 600% to approximately $1.1 trillion by 2028 [2] Group 2: AppLovin - AppLovin specializes in adtech software, allowing developers to market and monetize applications, with a recent expansion into e-commerce advertising [4] - The company utilizes a "best-in-class" AI recommendation engine called Axon for targeted advertising campaigns and employs generative AI through its creative agency, SparkLabs, to create personalized ad content [5] - In Q1, AppLovin reported a 40% increase in total revenue to $1.4 billion, with GAAP earnings rising 149% to $1.67 per diluted share, and management forecasts a 69% growth in advertising sales for Q2 [6] - The recent sale of its mobile games portfolio for $800 million allows AppLovin to focus on its core adtech business and eliminate a declining segment [7] - Wall Street projects AppLovin's earnings to grow at 43% annually through 2026, making its current valuation of 64 times earnings appear reasonable [8] Group 3: CoreWeave - CoreWeave provides cloud infrastructure and software services, focusing on GPU cloud solutions tailored for AI applications, exclusively using Nvidia GPUs [10] - The company has achieved strong results in MLPerf benchmarks and is often the first to deploy new Nvidia technology, contributing to its rapid growth [11][12] - In Q1, CoreWeave's revenue surged 420% to $981 million, with adjusted operating income rising 550% to $162 million, although it reported a non-GAAP loss of $150 million due to significant long-term debt [13] - The current price-to-sales ratio of 21 is considered neither cheap nor excessively expensive for a company with triple-digit sales growth and a 73% gross margin [14]

In the rapidly evolving landscape of artificial intelligence (AI) and defense technology, two companies have emerged as notable players - BigBear.ai Holdings Inc. (BBAI) and Palantir Technologies Inc. (PLTR) . Both firms specialize in providing AI-driven analytics and solutions to the government and defense sectors, leveraging cutting-edge technologies to enhance decision-making and operational efficiency.BigBear.ai focuses on delivering predictive analytics and autonomous systems, catering to various defen ...

Easily one of the most dominant enterprises in recent memory is Palantir Technologies Inc. PLTR. A big data analytics specialist, Palantir has been a massive beneficiary of the boom in artificial intelligence. Since the start of this year, PLTR stock has gained nearly 64% of equity value, easily leapfrogging the Nasdaq Composite index, which is down 1% during the same period. Still, valuation concerns impose a dark cloud over PLTR's prospects.On the business front, it's difficult to argue against Palantir's ...