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Cathie's Trimming, Burry's Shorting — But Palantir Keeps Adding Contracts Like It Didn't Get The Memo
Benzinga· 2025-12-10 13:27
Core Insights - Palantir Technologies Inc is experiencing significant stock performance despite skepticism from high-profile investors like Cathie Wood and Michael Burry, with the stock up 142% year to date and 37% over the past six months [1][2][5] Group 1: Stock Performance - The stock has seen a remarkable increase, currently sitting near its 52-week high of $207.52, which is more than triple its 52-week low of $63.40 [2] - Despite a volatile month, the stock bounced back by 7% in the last five days, indicating strong market resilience [2] Group 2: Business Expansion - Palantir is actively expanding its business, securing new contracts such as the U.S. Navy "ShipOS" contract, which enhances its position in the defense sector [3][5] - The launch of Chain Reaction OS, an AI system aimed at optimizing data-center energy use, reflects Palantir's strategic focus on becoming a key player in the AI market [3][4] Group 3: Financial Performance - In the third quarter, Palantir reported revenue of $1.18 billion, marking a 60% year-over-year increase, with government sales growing by 52% and U.S. commercial revenue doubling [5] - The company's guidance for FY2025 has been raised, indicating positive momentum despite analysts' cautious stance on valuation [5][6]