市盈率飙至英伟达7 倍，美国万亿军费带飞Palantir暴涨25倍

Core Viewpoint - Palantir Technologies Inc. has seen its stock price surge, leading to a historical high valuation, making it the most expensive company in the S&P 500 index with a P/E ratio of 245, significantly higher than competitors like Nvidia, which has a P/E of 35 [2][3]. Group 1: Stock Performance and Valuation - Since its IPO in 2021, Palantir's stock has increased nearly 2500%, with a 150% rise this year, driven by growth in AI applications, government contracts, and strong financial results [2]. - Analysts express concern over Palantir's high valuation, with many rating it as "sell" or "hold," reflecting a general apprehension on Wall Street [7]. - To maintain its current valuation, Palantir is estimated to need $60 billion in revenue over the next 12 months, which is significantly higher than Wall Street's projections of $4 billion for 2025 and $5.7 billion for next year [6]. Group 2: Growth Expectations - Analysts suggest that Palantir must achieve a 50% annual growth rate and maintain a 50% profit margin over the next five years to bring its P/E ratio down to 30, comparable to companies like Microsoft and AMD [6]. - Despite the high valuation, some investors are willing to hold onto Palantir shares, fearing they might miss out on potential gains, similar to the trajectory of other tech giants like Netflix [7][8]. - The company is expected to benefit from a $1 trillion defense spending market in the U.S., which could support its growth and cash flow [8]. Group 3: Market Sentiment and Risks - There is a notable divide among analysts, with more than twice as many recommending "sell" or "hold" compared to "buy," indicating widespread concern about the sustainability of Palantir's valuation [7]. - Historical examples show that when companies fail to meet high expectations, stock prices can decline sharply, as seen with Tesla's recent performance [10]. - Despite concerns over valuation, some investors remain optimistic about Palantir's growth potential, indicating a willingness to invest even at high price levels [10].