Core Viewpoint - The article emphasizes the value of subscribing to Beyond the Wall Investing for access to high-quality equity research reports, which can lead to significant savings on investment research costs [1]. Group 1 - Beyond the Wall Investing offers a comprehensive suite of features including a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1]. - The service aims to help investors balance growth and value by providing proprietary Wall Street information [1]. - The article highlights the author's skepticism towards Palantir Technologies Inc, indicating a cautious approach to this particular investment [1].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ For the transition period from _________ to ___ ...

Core Viewpoint - The individual investor adopts a contrarian investment style, focusing on stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are buying shares at lower prices [1] Group 1: Investment Strategy - The investment portfolio is split approximately 50%-50% between shares and call options, indicating a balanced approach to risk and return [1] - The investor's timeframe for holding positions typically ranges from 3 to 24 months, suggesting a medium-term investment horizon [1] - Fundamental analysis is employed to assess the health of companies, including their leverage and financial ratios compared to sector and industry averages [1] Group 2: Stock Selection Criteria - The investor screens through thousands of stocks, primarily in the US, looking for those that have undergone recent sell-offs [1] - A key criterion for stock selection is insider buying at the new lower price, which may indicate confidence in the company's future [1] - Professional background checks are conducted on insiders who purchased shares after the sell-off, adding a layer of due diligence [1] Group 3: Technical Analysis - Technical analysis is utilized to optimize entry and exit points, with a focus on support and resistance levels on weekly charts [1] - Multicolor lines are used for visualizing support and resistance, and trend lines are drawn to identify patterns [1]

Core Insights - The artificial intelligence trade has significantly boosted the stock prices of Palantir Technologies and Nvidia since late 2022, with Palantir's shares increasing by 1,650% and Nvidia's by 980% [1][2] - Wall Street analysts believe both stocks are undervalued, with Palantir being highlighted as the best stock to buy currently [2] Palantir Technologies - Palantir develops data integration and analytics platforms, along with AI software that enables developers to integrate large language models into applications [4] - The company utilizes forward deployed engineers to create custom applications for clients, distinguishing itself in the market [4] - Palantir's analytics platforms are built around a decision-making framework known as an ontology, which enhances insights through machine learning feedback loops [5] - The company has shown impressive business fundamentals, with revenue growth accelerating for 10 consecutive quarters and achieving a Rule of 40 score of 127% in Q4 [6] - Palantir is positioned as the enterprise standard in AI platforms, with a market expected to grow at 38% annually through 2033 [6] - The stock currently trades at 205 times earnings, which is considered expensive despite projected earnings growth of 45% annually over the next three years [6] - Among 30 analysts, Palantir has a median target price of $199 per share, indicating a 51% upside from its current price of $132 [8] Nvidia - Nvidia leads the AI accelerator market with an 80% to 90% revenue share, primarily due to the superior performance of its GPUs [10] - The company's full-stack strategy combines high-performance GPUs with other hardware and an extensive ecosystem of code libraries, enhancing AI application development [11][12] - Analysts expect Nvidia to maintain its market leadership in AI infrastructure, with earnings projected to grow at 38% annually over the next three years [13] - The current valuation of Nvidia at 45 times earnings is considered relatively cheap given its growth prospects [13] - Among 74 analysts, Nvidia has a median target price of $250 per share, suggesting a 37% upside from its current price of $183 [8]

Core Insights - Insiders at Palantir Technologies have sold over $1 billion worth of stock in the past 12 months, surpassing the company's net income of approximately $1.10 billion during the same period [1][2]. Financial Performance - Palantir reported revenue of roughly $3.91 billion over the trailing 12 months, indicating continued growth and solid profitability [3]. - In Q4 2025, the company achieved revenue of $1.407 billion, a 70% year-over-year increase, and exceeded both revenue and EPS estimates for the tenth consecutive quarter [6]. Insider Transactions - No insider purchases have been reported recently, with all transactions since late 2025 being sales [4]. - Insiders have collectively offloaded over $167 million worth of shares in the last three months, raising questions about management's confidence in the company's valuation [5]. Stock Performance - Despite strong financial fundamentals, Palantir's stock has declined over 25% year-to-date, with the current valuation at $131 [7].

Group 1: Palantir Technologies - Palantir Technologies has seen a significant pullback in its stock performance, with shares trading at 128 times forward earnings, indicating an astronomical valuation [1] - The company is described as being priced for perfection, which may not be sustainable in the long term [11] Group 2: Nvidia - Nvidia's stock is trading at a forward earnings multiple of 24.5, which is considered reasonable given its growth prospects [3] - The upcoming launch of the Rubin platform in the second half of 2026 is expected to support inference at a cost up to 10 times lower than Nvidia's Blackwell GPUs and enable training of large models with 4 times fewer GPUs [4] - Nvidia's CEO believes that the demand for powerful AI chips will continue to grow, positioning the company as a major beneficiary of this trend [6] - Nvidia's current market cap is $4.4 trillion, with a gross margin of 70.05% [5][6] Group 3: Advanced Micro Devices (AMD) - AMD is identified as a credible challenger to Nvidia, trading at nearly 32 times forward earnings, which is still seen as a bargain compared to Palantir [7] - AMD's Instinct MI400 chips are expected to match Nvidia's Vera Rubin chips in performance while offering 1.5 times the memory capacity and scale-out bandwidth [8] - The market anticipates that AMD's stock will regain momentum once the MI400 chips are launched [10] Group 4: Market Dynamics - AI hyperscalers are diversifying their investments and are unlikely to rely solely on Nvidia, which could benefit AMD [10] - Both Nvidia and AMD are expected to benefit from continued demand for GPUs, and they do not need to be perfect to achieve market-beating returns [12]

Core Viewpoint - Michael Burry has intensified his criticism of Palantir Technologies Inc., alleging unethical corporate behavior and predicting a significant stock decline [1][4]. Allegations of Corporate Behavior - Burry has raised concerns about Palantir's alleged involvement in "covert smear campaigns," specifically related to the UK's National Health Service (NHS) investigation into potential contract breaches [2][3]. - Jo Maugham, Executive Director of the Good Law Project, stated that Palantir cannot be trusted with important national contracts [4]. Technical Analysis and Stock Forecast - Burry's technical analysis indicates a potential decline for Palantir's stock, identifying a "Head & Shoulders" reversal pattern [4]. - The analysis suggests a "Next Support" level near $80, with a potential "Landing Area" between $50 and $60, indicating a possible 54.34% drop from the current trading price of $131.41 [5]. Company Performance - Year-to-date, Palantir's shares have decreased by 21.71%, while the Nasdaq 100 has only fallen by 1.88% during the same period [7]. - Over the last six months, the stock has declined by 24.49%, although it has seen a 5.45% increase over the past year [7]. - Palantir's stock is characterized by a weaker price trend across various time frames, despite a solid growth score according to Benzinga's Edge Stock Rankings [7].

Core Insights - The article highlights the expertise of Michael Del Monte as a buy-side equity analyst specializing in technology, energy, industrials, and materials sectors [1] Group 1: Analyst Background - Michael Del Monte has over a decade of experience in professional services across various industries including Oil & Gas, Oilfield Services, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary [1] Group 2: Investment Position - The article indicates that the analyst holds a beneficial long position in the shares of PLTR through stock ownership, options, or other derivatives [2]

Core Viewpoint - Palantir Technologies (PLTR) shares declined by 3.3% this week, reflecting concerns over valuation, ongoing insider selling, and the company's ability to secure new contracts despite strong revenue growth in Q4 [1] Group 1: Market Performance - Palantir's stock closed at $131.41, marking a year-to-date decline of 26%, while the S&P 500 fell only 1.3% during the same period [1] - The iShares Tech-Expanded Software ETF dropped over 3% on February 11, contributing to the selloff of Palantir shares [1] Group 2: Insider Selling - All insider transactions from November 15, 2025, to February 13, 2026, were sales, with no purchases recorded [1] - CEO Alex Karp sold shares between $147 and $151 on February 2, while COO Shyam Sankar liquidated 149,872 shares on November 20 [1] - Director Alexander Moore executed 16 transactions on January 2, selling shares at prices ranging from $167 to $181 [1] Group 3: Customer Contracts and Adoption - OneMedNet reported $2.79 million in bookings for 2025, a 4.1x increase year-over-year, attributed to Palantir-powered subscription offerings [1] - Innodata signed a deal for high-quality training data and multimodal AI engineering with Palantir [1] - FTAI Aviation partnered with Palantir for a multi-year AI operations platform [1] Group 4: Valuation and Market Sentiment - Morningstar raised its fair value estimate for Palantir to $150 per share, citing strong U.S. commercial adoption and the company's unique ontological framework [1] - Despite strong customer adoption and contract growth, Palantir's stock trades 26% below year-end levels, closer to its 52-week low of $66 than its high of $207 [1] - The company's 205x P/E ratio indicates a valuation standoff amid sector-wide selling pressure and relentless insider selling [1]

Core Viewpoint - Palantir Technologies has experienced significant stock price appreciation due to its role in the AI revolution, but recent concerns about its high valuation have led to a decline in stock performance this year [2][4]. Company Overview - Palantir Technologies is not a new startup; it was founded over 20 years ago and initially focused on government contracts for revenue generation [4]. - The company went public in 2020, marking the beginning of its growth trajectory, which accelerated with the launch of its Artificial Intelligence Platform (AIP) in 2023 [5]. Product and Demand - AIP is an AI-driven system that enhances data utilization for customers, allowing for improved efficiency and innovative outcomes [5][6]. - The demand for AIP has surged as companies seek to integrate AI into their operations without the need to build their own infrastructure [6]. Financial Performance - Palantir has reported consistent earnings growth, with a notable increase in its U.S. commercial customer base from 14 to 571 in recent years, and revenue in this segment has grown in the triple digits [8]. - The company's market capitalization stands at $313 billion, with a gross margin of 82.37% [8]. Valuation Concerns - Despite strong earnings growth, investor hesitation has arisen due to Palantir's high valuation relative to forward earnings estimates, although the valuation has decreased recently [9][12]. - The potential for AI technology to play a significant role in the future suggests that high valuations may not deter long-term growth investors [13]. Investment Opportunity - Current market conditions may present a unique buying opportunity for growth investors interested in AI, as Palantir's established track record and ongoing innovations position it well for future growth [14].