Tag: Palantir Technologies

Exclusive: AI for patent filings startup Ankar secures $20 million Series A round | Fortune

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Two former Palantir employees hoping to use AI to transform the process for filing and managing patents have secured $20 million in investment for their London-based startup, Ankar.

The Series A funding round for Ankar was led by venture capital firm Atomico, with participation from Index Ventures, Norrsken, and Daphni. The company had announced a £3 million ($4 million) seed round in May that was led by Index, with support from Daphni and Motier Ventures.

Ankar was founded by Tamar Gomez and Wiem Gharbi in 2024. The pair met while working at Palantir, where they both encountered the time-consuming process of trying to obtain patents for new technology. Gomez, who has a business background, worked as a development strategist for Palantir, while Gharbi, who is a data scientist by training, worked on machine learning applications. They took the name Ankar for their new company from the name of an omniscient and powerful knight found in pre-Islamic poetry.

“We are trying to turn IP that has been viewed as a cost center for a very long time into more of a strategic and competitive asset that we need today in a world that is becoming more and more competitive,” Gharbi, who is Ankar’s chief technology officer, told Fortune.

The new funding for Ankar comes as intellectual property has become increasingly critical to corporate value. Intangible assets like IP now represent up to 90% of the value of S&P 500 companies, according to the World Intellectual Property Organization. Yet the systems for protecting those assets remain stubbornly outdated, according to Gomez and Gharbi, who say they witnessed how time-consuming and difficult it is to obtain a patent when they were working at Palantir.

“To go from something that’s in the head of the inventor—an innovation—to something that is a bankable asset that can be leveraged by the company in the form of a patent took years, basically,” Gomez, who is Ankar’s CEO, said. “The tools to do so were incredibly legacy or just non-existent. It was like a hodgepodge of manual processes.”

Patent attorneys can spend weeks searching multiple databases and reading patent filings to try to determine the extent to which, if any, prior patents might conflict with the new invention they were hoping to protect. Then it can take many more weeks to craft a patent application with the right arguments to try to overcome any objections from patent examiners. Securing a patent can take up to 24 months.

Ankar wants to use large language models to streamline that process. Because these models can search for phrasing that has the same meaning, even if it doesn’t use the exact same keywords, they can quickly surface patent filings from databases that previously would have taken multiple searches and hours of reading to discover.

The startup’s invention discovery tool searches across 150 million patent applications and 250 million scientific publications and produces reports assessing how “novel” an invention is and what claims have already been made by previously patented inventions that might be similar (what’s known in the patent world as “prior art.”) The platform helps inventors harvest their ideas and guides patent attorneys through drafting applications, including spotting gaps in existing patents where claims for a new invention might get the most traction. It also supports patent lawyers when they have to respond to possible challenges from patent examiners, giving them a single view of the entire history of the application process.

“Patent claims are basically the scope of protection for your invention—like, what are the most important pieces of my invention that I want to protect? [Ankar’s] tool can help suggest an initial set of claims and then help the patent attorney think through potential options for broadening these claims,” Gharbi said. “So it’s no longer about just helping you kind of generate words, because we think that the value of just generating words is going to decrease over time. It’s going to become more about like, how do I generate the best qualities of the scope of protection?”

The company has secured some notable early customers, including global cosmetics giant L’Oréal and global law firm Vorys. Ankar says that so far its customers have reported an average 40% boost in productivity, with hundreds of hours shifted to high-value strategic work.

Jean-Yves Legendre, competitive IP intelligence manager at L’Oréal, praised Ankar in a statement, saying that the startup “understood patents, spoke our language, and adapted to our needs.”

Many global companies, particularly in automotive, electronics, and R&D-heavy sector are redoubling efforts to protect their intellectual property, concerned that generative AI will make it easier for competitors to replicate product designs, architectures, and processes. At the same time, many companies are eager to record and protect their IP because they want to use it to train or fine-tune their own AI models to help boost productivity.

Ankar plans to use the new funding to double its current 20-person headcount and expand its engineering, product, design, and go-to-market teams across Europe and the U.S.

This story was originally featured on Fortune.com

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Jeremy Kahn

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December 16, 2025
‘Big Shot’ Michael Burry’s AI bubble warning also extends to crypto: Expert

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After popular investor and hedge fund manager Michael Burry warned a bubble is forming in the artificial intelligence (AI) sector, an AI entrepreneur has warned that the crypto market has entered a “casino reality.”

Burry, popular for shorting the housing market bubble collapse in 2008, recently cautioned traders against an AI bubble and singled out, in particular, Nvidia (Nasdaq: NVDA), Meta (Nasdaq: META), Oracle (NYSE: ORCL), and Palantir Technologies (Nasdaq: PLTR).

Related: Economist sends startling warning after ‘Big Short’s AI call

The 2008 episode was the subject of the Hollywood film The Big Short (2015) in which actor Christian Bale played Burry. The legendary trader had shorted overvalued sectors earlier too, such as shorting the dot-com bubble burst in 2000.

Michael Burry, former head of Scion Capital Group LLC, works in his office in Cupertino, California, U.S., on Monday, Sept. 6, 2010.

But Burry has now deregistered his hedge fund, Scion Asset Management. He said:

“My estimation of values in securities is not now, and has not been for some time, in sync with the markets.”

Eric Balchunas, the senior ETF analyst at Bloomberg, responded to the development and said nobody, including those who get portrayed by Christian Bale, knows the future.

Ahmad Shadid, founder of O Foundation, a Swiss-based AI research lab echoed similiar sentiments but about the rallying crypto market which has come to a halt.

He told TheStreet Roundtable, the crypto market has gone from a more “traditional” run in 2024 — with altcoins and crypto projects with actual utility gaining traction and retail investment — to a “completely crumbled, degen, casino reality” — only meme coins and such tokens gaining the attention of crypto retail.

Crypto retail traders have increasingly realized that they are the exit liquidity, said Shadid.

There is “blatant” manipulation of charts and there are so many pump-and-dump coins, so traders don’t bother to go for the highest-valued coins to make 2x-5x maximum, he added.

Both crypto retail traders and founders have realized that VCs and market makers are only milking them, Shadid opined.

The market is now in an “almost nuclear winter” where some projects with little adoption raise exorbitant amounts of money, only to end up being “forgotten and unused,” he said.

If a project doesn’t have a token with 500x potential, it doesn’t find any takers even if it has actual utility, he expressed his frustration.

Shadid said a lot of projects, including his own, now view crypto as a “toxic space” in which nothing matters other than the token.

The founder concurred with Burry’s view that we are in an AI bubble but said a bearish outlook on Nvidia isn’t substantiated enough. However, he said the company’s valuation is getting dangerous.

In fact, he is of the view that if and when the AI bubble bursts, useless AI companies operating at the App layer would collapse first. This, in turn, would affect Nvidia.

Nonetheless, Shadid didn’t contend the fact that there is no going back from the “AI-native world.”

This story was originally reported by TheStreet on Nov 14, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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November 14, 2025
The Gaza War Has Been Big Business for U.S. Companies

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Two years on, Israel’s war in Gaza might be finally drawing to a close. The conflict built an unprecedented arms pipeline from the U.S. to Israel that continues to flow, generating substantial business for big U.S. companies—including Boeing, Northrop Grumman and Caterpillar.

Sales of U.S. weapons to Israel have surged since October 2023, with Washington approving more than $32 billion in armaments, ammunition and other equipment to the Israeli military over that time, according to a Wall Street Journal analysis of State Department disclosures.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Benoit Faucon

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November 12, 2025
Walmart helps pull Wall Street to its 5th straight loss

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NEW YORK (AP) — Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates.

The S&P 500 slipped 0.4%. All its losses have been relatively modest, but it has not risen since setting an all-time high last Thursday. The Dow Jones Industrial Average dropped 152 points, or 0.3%, and the Nasdaq composite fell 0.3%.

Walmart was one of the market’s heaviest weights and dropped 4.5% after reporting a profit for the spring that came up short of analysts’ expectations, while Nvidia and other Big Tech stocks held a bit steadier following two days of sharp swings.

The moves were stronger in the bond market, where Treasury yields rose after a report forced Wall Street to scale back hopes that the Federal Reserve may soon deliver relief by cutting interest rates.

AP AUDIO: Wall Street edges lower in its final moves ahead of a speech by the Federal Reserve’s head

U.S. stocks are falling after a weaker-than-expected profit report from a major retailer. The AP’s Seth Sutel reports.

The report suggested growth in U.S. business activity is accelerating and hit its fastest rate so far this year. That’s good news for the economy, but the preliminary data from S&P Global also said tariffs helped push up average selling prices at the fastest rate in three years. That’s a discouraging sign for inflation.

Taken all together, such data has historically aligned more with the Federal Reserve considering a hike in interest rates, rather than a cut, according to Chris Williamson, chief business economist at S&P Global Market Intelligence.

No one expects a rate hike to happen, but the overwhelming expectation on Wall Street has been for coming cuts. Traders are betting on a nearly three-in-four chance that the Fed will lower its main interest rate at its next meeting in September, according to data from CME Group. The hope on Wall Street has been that Fed Chair Jerome Powell may give hints on Friday that easier rates may be coming.

He will be speaking in Jackson Hole, Wyoming, at an annual conference of central bankers that’s been home to big policy announcements in the past.

A cut in interest rates would be the first of the year, and it would give investment prices and the economy a boost by potentially making it cheaper to borrow to buy cars or equipment. But it could also risk worsening inflation.

The Fed has been hesitant to cut interest rates this year out of fear that President Donald Trump’s tariffs could push inflation higher, but a surprisingly weak report on job growth earlier this month suddenly made the job market a bigger worry. Trump, meanwhile, has angrily pushed for cuts to interest rates, often insulting Powell while doing so.

The yield on the 10-year Treasury, which helps set rates for mortgages, rose to 4.32% from 4.29%. The two-year Treasury, which moves more on expectations for what the Federal Reserve will do with short-term interest rates, climbed to 3.78% from 3.74%.

On Wall Street, Walmart dropped even though it reported encouraging growth in revenue during the latest quarter and raised its forecast for profit over its full fiscal year.

Analysts said the market’s expectations were high coming into the report. The Bentonville, Arkansas, company’s stock came into the day with a gain of 13.5% for the year so far, more than the rest of the market.

Big Tech stocks are under even more pressure to deliver bigger profits amid criticism that their stock prices ran too high, too fast and have become too expensive because of the frenzy around artificial-intelligence technology.

Several AI superstar stocks have swung sharply this week, taking some shine off their skyscraping surges for the year, because of such criticism. But they held a bit steadier on Thursday.

Palantir Technologies, which at one point on Wednesday was on track to fall more than 9% for a second straight day before paring its loss, rose 0.1%. Nvidia, the chip company that’s become the poster child of the AI boom, edged down 0.2%.

Coty tumbled 21.6% after the beauty products company reported a loss for the latest quarter, when analysts expected a slight profit. The company, whose brands include CoverGirl and Joop!, said uncertainty about tariffs and the economy are making retailers cautious in their orders.

On the winning side of Wall Street was Nordson, which makes products and systems used for precision dispensing and other things. It delivered profit and revenue for the latest quarter that topped analysts’ expectations, and its stock rose 3%.

All told, the S&P 500 slipped 25.61 points to 6,370.17. The Dow Jones Industrial Average fell 152.81 to 44,785.50, and the Nasdaq composite sank 72.55 to 21,100.31.

In stock markets abroad, indexes were mixed across much of Europe and Asia.

Germany, Europe’s largest economy, saw its DAX return 0.1% after U.S. and European Union officials offered a framework for their trade deal.

Japan’s Nikkei 225 fell 0.6% after a survey showed Japan’s factory activity contracted again in August.

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AP Writers Teresa Cerojano and Matt Ott contributed.

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August 22, 2025
2 Supercharged Growth Stocks to Buy Before They Soar as Much as 169% According to Select Wall Street Analysts

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The rally that began early last year continues to push the market into the stratosphere. The S&P 500 hit a record high this week, while the Nasdaq Composite is within striking distance of a new all-time high, sitting roughly 2% below its peak (as of this writing). The market’s relentless rise has many stocks at or near new heights, leaving some investors to wonder if the rally still has room to run.

UBS analyst Mark Haefele remains bullish. “All-time highs often generate investor concern that markets have peaked. Such worries are not supported by history,” he wrote in a note to clients. XM Investment analyst Marios Hadjikyriacos agrees. “Stock markets are enjoying the best of all worlds, buoyed by a resilient U.S. economy and speculation that Fed rate cuts are just around the corner, helping to justify stretched valuations,” he wrote. It’s worth noting the Fed did, in fact, cut rates last week, helping propel the market to even greater heights.

Despite the ongoing rally, there are still opportunities to be had, including some stocks that have triple-digit upside, according to some veteran analysts. With that as a backdrop, here are two supercharged growth stocks with additional upside of 169% and 160% respectively.

Image source: Getty Images.

Palantir Technologies: Implied upside 169%

One of the biggest roadblocks to the adoption of artificial intelligence (AI) is that many companies simply lack the know-how to implement this cutting-edge technology — while still getting their money’s worth. That isn’t surprising, particularly given the expertise needed to get these systems up and running. That’s where Palantir Technologies (NYSE: PLTR) comes in.

The company has a long and compelling track record for creating AI systems for the U.S. government defense and intelligence agencies. It wasn’t long before Palantir turned its focus and AI expertise to delivering actionable intelligence for enterprises.

The advent of generative AI early last year was right in the company’s wheelhouse, and Palantir quickly created a framework that businesses could use to deliver quantifiable results. The fruit of its labors is its Artificial Intelligence Platform (AIP), which provides customized solutions to everyday business dilemmas.

It was Palantir’s brilliant implementation strategy that helped bridge the knowledge gap. The company offers interactive sessions dubbed “boot camps.” These gatherings, which last from one to five days, pair Palantir engineers with business and government customers to help them solve company-specific challenges. The company has sponsored more than 1,300 boot camps since late last year, helping fuel robust sales.

In the second quarter, Palantir cited numerous examples of boot camps that resulted in seven-figure deals within weeks after attendance. In all, the company closed 96 deals worth more than $1 million during the quarter. Of those, 33 were worth at least $5 million, and 27 were worth at least $10 million, which helps illustrate the value of these sessions to customers.

Greentech Research investment analyst Hilary Kramer is the most bullish among her Wall Street colleagues, suggesting that Palantir “easily can be” a $100 stock over the next few years. That represents a potential upside for investors of 169% compared to Wednesday’s closing price. The analyst said Palantir is her “absolute 100% favorite,” citing the company’s ability to use data to supply “actionable decision-making.”

At 218 times earnings and 35 times sales, Palantir seems exorbitantly expensive. However, its forward price/earnings-to-growth (PEG) ratio, which factors in its accelerating growth, comes in at 0.35, when any number less than 1 is the benchmark for an undervalued stock.

Symbotic: Implied upside 160%

Given the growing importance of digital retail, one area ripe for disruption is warehouse automation, and Symbotic (NASDAQ: SYM) is an emerging power player in the space.

The company uses custom AI solutions to automate the processing of pallets and individual cases, helping to maximize every available inch of warehouse space. Symbotic pairs advanced algorithms with a cadre of smart robots that work together to load and unload trucks, stack pallets, and even isolate individual crates, squeezing more inventory into less space.

This increases efficiency, reduces labor costs, and decreases transportation and operating expenses, helping the system pay for itself over time. Symbotic estimates that over its useful life, each “module” can pay for itself multiple times over, saving businesses tens or even hundreds of millions of dollars. The company boasts a bevy of household names as customers, including Walmart, Target, Albertsons, and C&S Wholesales Grocers.

The company continues to generate robust results. For its fiscal 2024 third quarter (ended June 29), Symbotic generated record revenue that grew 58% year over year to $492 million, while the company slashed its losses by 71%, resulting in a loss per share of $0.02. That said, Symbotic has been consistently free cash flow positive, which suggests it’s on track for profitability.

In the wake of the company’s financial report, Cantor Fitzgerald analyst Derek Soderberg maintained his overweight (buy) rating and $60 price target on the stock. That represents a potential upside of 160% compared to Wednesday’s closing price. The analyst believes that, despite some deployment challenges, as the systems improve, Symbotic can generate 10% annual recurring revenue from its hardware.

It’s worth noting that an “anonymous” short report posted online alleges that Symbotic disclosures are misleading and most analysts on Wall Street are being duped. It’s interesting that none of the analysts who cover Symbotic have even bothered to acknowledge the report, which suggests it’s much ado about nothing. That said, it does add an element of the unknown — and by extension risk.

As with many high-growth stocks — particularly ones that don’t yet generate a profit — Symbotic stock is a bit riskier, so any position should be sized appropriately with that in mind. Furthermore, Symbotic isn’t cheap, currently selling for roughly 6 times next year’s expected sales. Those caveats aside, as a leader in an emerging industry, Symbotic has a long runway for growth ahead and could be a big winner in the AI revolution.

Should you invest $1,000 in Palantir Technologies right now?

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Danny Vena has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies, Target, and Walmart. The Motley Fool has a disclosure policy.

2 Supercharged Growth Stocks to Buy Before They Soar as Much as 169% According to Select Wall Street Analysts was originally published by The Motley Fool

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September 28, 2024
Palantir Slides After Annual Sales Forecast Fails to Impress

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(Bloomberg) — Palantir Technologies Inc. shares slid in extended trading on Monday as the market was unimpressed by the company’s outlook for annual sales after the stock has already tripled in the past year.

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The company nudged its annual revenue forecast slightly higher to a range of $2.68 billion to $2.69 billion. Analysts expected $2.68 billion, on average, according to data compiled by Bloomberg. The company raised its outlook for adjusted operating income to a range of $868 million to $880 million. Analysts had expected $846.6 million.

The stock tumbled 10% in extended trading in New York. Palantir is one of the marquee stocks of the tech world’s current AI frenzy, with new products helping to catapult it more than 200% over the last 12 months.

Co-founded by Peter Thiel, Palantir develops software and analysis tools for companies and government agencies allied with American interests. Palantir’s roots are in government sales — the venture arm of the US Central Intelligence Agency was among its initial backers — but “unbridled and growing demand” from US businesses for its artificial intelligence software now drives the business, Chief Executive Alex Karp told shareholders in a letter.

Palantir sells its AI software through boot camps, an engineer-led strategy to get customers up and running in just a few days instead of months and what the company credits for increasing US commercial customers by 69% to 262 during the first quarter. Revenue growth from government contracts is now growing at a slower pace than commercial revenue and analysts expect commercial sales to eclipse those from governments next year.

Palantir reported $335 million in government revenue in the first quarter, up 16%, and $299 million in commercial revenue, a 27% increase from a year earlier.

“Palantir’s commercial segment saw another strong quarter with 40% growth in the US, but gains are likely to taper” in the second half at this business and the government unit,” Bloomberg Intelligence analyst Mandeep Singh wrote in a research note. Billings growth of 2% in the first quarter “suggests a lack of pipeline visibility, even with commercial’s solid customer additions.”

The company posted sales of $634.3 million for the three months ended March 31, up 21% from a year earlier. Analysts had estimated $615.8 million in sales, according to data compiled by Bloomberg. Net income was $106 million, its largest quarterly profit ever, far surpassing the average estimate for $83 million. Palantir reported its first profitable year in 2023.

In the current quarter, Palantir said it expects revenue of $649 million to $653 million and adjusted income from operations of $209 million to $213 million.

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May 6, 2024
Palantir vs. Snowflake: Who’s Winning in Artificial Intelligence (AI)?

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One of the biggest themes fueling a sharp rebound in the market last year was artificial intelligence (AI). Applications such as ChatGPT have taken the world by storm, and megacap tech companies such as Microsoft, Alphabet, Amazon, and Nvidia are spending billions to gain an edge in the AI arena.

Other software players making inroads in the space are often overlooked in relation to their larger peers. Two such companies in the data analytics space are taking very different approaches to AI. Let’s take a look at how Snowflake (NYSE: SNOW) and Palantir Technologies (NYSE: PLTR) are competing in AI, and assess which company looks like the winner.

Palantir is bringing the heat…

Palantir has long been considered a government contracting business given the company’s close ties to the U.S. military and its Western allies. Although the company develops a host of software products, many Wall Street pundits remained skeptical of Palantir’s tech chops. In fact, a short report published by The Bear Cave nine months ago went as far as labeling Palantir an “AI imposter.”

But in 2023, Palantir caught the bears off guard thanks to the success of its fourth big product: the Palantir Artificial Intelligence Platform (AIP). Since AIP’s commercial launch last April, Palantir has performed nearly 850 demo pilots for the new software platform. By comparison, the company did 92 pilots in 2022.

What’s even more impressive is the rate at which these demos are converting to paid customers. Last year, Palantir grew its customer count by 35% year over year. However, customer growth from its non-government operation was the real winner — increasing by 44%.

In addition to accelerating its top line, Palantir has been demonstrating disciplined financial operation all around. The company has reported profits on a generally accepted accounting principles (GAAP) basis in five consecutive quarters, and its balance sheet ended 2023 with $3.7 billion of cash and equivalents, and no debt.

I see the advent of AIP as a first step in Palantir’s changing investors’ perception of it from a government contractor to an actual software-as-a-service (SaaS) business.

Image source: Getty Images.

…and the snow is melting

Snowflake has almost a polar opposite narrative to that of Palantir. When it was still private, Snowflake attracted some of the world’s most renowned venture capitalists. Moreover, the company’s innovative data warehousing service helped fuel staggering revenue growth for years. Unsurprisingly, Snowflake completed the largest software initial public offering in history in 2020 — and even saw participation from the likes of Warren Buffett.

Nevertheless, since hitting the public exchanges in late 2020, the growth narrative surrounding Snowflake has started to cool. The company’s revenue growth has started to slow down significantly, and while some of this can be attributed to a challenging economy, there is more to the picture than decelerating sales.

One of the most important metrics for SaaS businesses is net revenue retention (NRR), which measures how much revenue is expanding net of any churn the company experiences. If the ratio is above 100%, that implies that the company is outselling its churn.

Indeed, Snowflake’s recent NRR of 131% isn’t anything to cry about. However, what’s concerning is that the company’s NRR has declined in eight consecutive quarters. With revenue growth slowing down, and retention concurrently in decline, it’s no wonder that Snowflake is still hemorrhaging cash — reporting a GAAP net loss of $836 million in 2023.

What’s potentially the most concerning of all is Snowflake’s lack of urgency surrounding AI. In mid-2023, the company acquired a start-up called Neeva, which specializes in generative AI applications geared toward cloud-based data sets. Since the acquisition, Snowflake has been pretty tight-lipped about its AI strategy. And with the company’s CEO resigning on Feb. 28, it seems to me that Snowflake’s future and its place in the AI landscape are enigmatic, at best. Frank Slootman will remain as chairman of the board at Snowflake and Senior Vice President of AI Sridhar Ramaswamy has taken over as CEO.

Valuation

The chart below shows the price-to-sales (P/S) ratios for a number of growth SaaS stocks. At a P/S around 28, Palantir is the highest-valued company in this cohort based on this metric. However, it’s important to note that Palantir’s valuation has expanded significantly since its blowout fourth-quarter earnings report last month. I think the company’s premium valuation is warranted, and am bullish about the long-term potential of AIP.

SNOW PS Ratio Chart

On the other hand, I do not see the recent decline in Snowflake’s stock price as an opportunity to buy the dip. The company appears to be at a crossroads, and could very well be falling behind in the AI revolution.

With strong revenue growth, steady profits, accelerated customer acquisition, and a concrete AI vision, I see Palantir as the clear winner compared to Snowflake. A prudent strategy could be to use dollar-cost averaging to start building a position in Palantir, or add to an existing allocation.

Should you invest $1,000 in Palantir Technologies right now?

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Adam Spatacco has positions in Alphabet, Amazon, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, Nvidia, Palantir Technologies, and Snowflake. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Palantir vs. Snowflake: Who’s Winning in Artificial Intelligence (AI)? was originally published by The Motley Fool

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March 11, 2024
Palantir forecasts strong 2024 profit on robust AI demand

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By Arsheeya Bajwa

(Reuters) – Palantir Technologies forecast a full-year profit above Wall Street estimates on Tuesday, as the data analytics company benefits from strong demand for its artificial intelligence offerings.

Enterprises are looking to build and deploy their own AI-backed offerings, helping demand for Palantir’s products including its Artificial Intelligence Program, which CEO Alex Karp sees as the “future” of the company.

Palantir signed 103 deals of over $1 million each in the fourth quarter, Chief Revenue Officer Ryan Taylor told Reuters.

U.S. commercial revenue in the quarter ended Dec. 31 surged 70% to $131 million, compared with a 12% increase a year earlier.

The company said it expects 2024 U.S. commercial revenue above $640 million, projecting growth of at least 40%, compared with a 36% rise in 2023.

Fourth-quarter commercial revenue stood at $284 million, beating analysts’ average estimate of $270 million, according to LSEG data.

The company reported quarterly revenue of $608.4 million above estimates, and a record profit of $93.4 million.

However, growth at its mainstay government segment, which contributed more than half of total fourth-quarter revenue, has continued to slow. Government revenue grew 11% compared with a 23% jump a year earlier.

Analysts have flagged uncertainty in the recognition of revenue from government deals, citing “lumpiness of government contracts” as revenue from such deals likely shows up in the company’s books without much consistency.

Last month, Palantir entered into an agreement with the Israeli Defense Ministry to provide technology as the war in Gaza continues.

On an adjusted basis, the company forecast 2024 profit between $834 million and $850 million, above LSEG estimates of $658.8 million. Its revenue forecast was in line with estimates.

But its current-quarter revenue forecast was below estimates. Revenue chief Taylor attributed this to seasonal weakness in the first three months of the year.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shinjini Ganguli)

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February 5, 2024
My Top 5 Growth Stocks to Buy in 2024

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The year 2023 was quite impressive for the U.S. stock market, with the S&P 500 and the Nasdaq Composite indexes posting returns of 24% and 43%, respectively. A major part of this bull rally can be attributed to the strong performance of artificial intelligence (AI) and other related stocks.

AI is far more than a passing trend and marks a transformational technology in today’s world. Its relevance as a major investment theme persists in 2024.

Against this backdrop, here’s why high-quality AI-powered stocks such as Nvidia (NASDAQ: NVDA), Super Micro Computer (NASDAQ: SMCI), Snowflake (NYSE: SNOW), Palantir Technologies (NYSE: PLTR), and UiPath (NYSE: PATH) can prove to be smart buys in 2024.

Nvidia

An undisputed leader in the AI market, Nvidia’s GPUs, CPUs, networking technologies, and software offerings are being used extensively by data centers to upgrade their infrastructure for AI workloads.

CEO Jensen Huang expects data centers to spend nearly $1 trillion in capital expenditures for transitioning from CPU-based infrastructure to GPU-based infrastructure, necessary for high-performance computing, machine learning, and AI workloads. Nvidia seems positioned to capitalize on this opportunity, with cutting-edge AI chips and a Compute Unified Device Architecture (CUDA) software stack used by nearly 4 million developers to optimally program these chips. The company also accelerated the pace of new data center chip architecture releases from every two years to annually.

After a lackluster performance in the past few quarters, Nvidia is seeing strength in the gaming business driven by the availability of Nvidia RTX retracing and AI technologies at low price points. The increasing prevalence of esports is also a major growth driver for the company’s gaming chips.

Considering these tailwinds, despite trading at 34 times trailing 12-month sales, Nvidia’s strong position in the AI market makes it a potentially wise investment choice in 2024.

Super Micro Computer

Super Micro Computer, excelling in high-end server and storage systems, benefited dramatically from the increasing demand for its AI platforms, especially the large language model (LLM)-optimized HGX-H100 solutions (which contain multiple H100 chips interconnected with cutting-edge networking technologies). Many hyperscalers and cloud service providers also demand direct-attached cold-plate liquid-cooling solutions with the server systems to address the high power costs and thermal challenges associated with deploying power-hungry AI workloads. The company’s modular, energy-efficient, and scalable solutions helped set it apart from competitors focused on mass-producing servers.

Supermicro’s collaborations with major chip players such as Nvidia, Advanced Micro Devices, and Intel further ensured early access to advanced AI chips, giving the company a distinct competitive advantage. By sending solutions earlier to customers, Super Micro helps customers to make decisions earlier — translating into incremental revenue opportunities for the company. All these positives make Supermicro a compelling pick for 2024.

Snowflake

Snowflake, a cloud-native data platform, helps multiple organizations such as Salesforce, ServiceNow, Workday, and SAP manage, store, and analyze vast amounts of structured and unstructured data from a wide range of diverse sources and formats. This capability plays a major role in giving organizations a comprehensive view of the data landscape and running complex AI algorithms and models.

A key advantage for Snowflake is its ability to process unstructured and streaming data. Over 30% of its customer base is working with unstructured data, leading to a 17 times increase in unstructured data consumption year over year in October 2023. A new data streaming feature, Dynamic Tables, already attracted 1,500 customers, with more expected to adopt it in the coming months. Furthermore, Snowflake’s data marketplace, a major part of its data cloud platform, allows organizations to access and share data sets, thereby enriching their own data with additional insights and context. This further improves the outcomes of their AI models. The data-sharing feature created a strong network effect and a sticky customer base — which are major positives in the current uncertain economic environment.

Palantir Technologies

Shares of data analytics company Palantir surged an impressive 167% in 2023, a marked recovery from the 65% decline in 2022. The company’s platform is well known for its exceptional ability to analyze large data sets for government and commercial clients utilizing advanced AI and machine learning algorithms.

Recently, Palantir launched an innovative Artificial Intelligence Platform (AIP) that combines its core machine learning capabilities with the power of advanced large language models, allowing customers to improve productivity and operational efficiency. The company also launched an innovative go-to-market strategy called AIP Bootcamp, which allows clients to test its platforms with real workflows in five or fewer days. A significant change from the traditional pilot strategy, AIP Bootcamps allow for faster negotiation and customer wins.

Palantir is already positive according to generally accepted accounting principles (GAAP), a solid strength for a high-growth company. This is why the company seems to be a smart buy now.

UiPath

Leading robotic process automation player UiPath helps businesses automate routine and mundane tasks, thereby helping them improve enterprise productivity and cost efficiencies. The company is also leveraging AI technologies to drive automation for even more complex and nuanced tasks.

UiPath’s focus on industry verticalization, or developing tailored automation solutions for specific industries, has been a key competitive strength. The company invests in playbooks, marketing events, and enablement programs to help its support teams better understand the unique needs and challenges of various industries, helping them deliver targeted solutions to their customers. All this has translated into a rapid expansion in the customer base and a successful cross-selling strategy. With a portfolio of innovative offerings and a robust marketing strategy, UiPath may prove to be an intriguing investment for 2024.

Should you invest $1,000 in Nvidia right now?

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Manali Bhade has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, Palantir Technologies, Salesforce, ServiceNow, Snowflake, UiPath, and Workday. The Motley Fool recommends Intel and Super Micro Computer and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.

My Top 5 Growth Stocks to Buy in 2024 was originally published by The Motley Fool

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January 28, 2024
Interest Rate Cuts Are Coming! 3 Spectacular Growth Stocks to Buy Hand Over Fist With $100 in 2024

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Fool.com contributor Parkev Tatevosian discusses the Federal Reserve interest rate policy and three growth stocks that could benefit from the easing conditions.

*Stock prices used were the afternoon prices of Jan. 11, 2024. The video was published on Jan. 13, 2024.

Should you invest $1,000 in Palantir Technologies right now?

Before you buy stock in Palantir Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies, Pinterest, and Uber Technologies. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Interest Rate Cuts Are Coming! 3 Spectacular Growth Stocks to Buy Hand Over Fist With $100 in 2024 was originally published by The Motley Fool

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January 13, 2024
Palantir Stock Spikes After Analyst Says to Buy ‘The Messi of AI’

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Palantir Technologies

shares were getting a major boost Friday after Wedbush technology analyst Dan Ives launched coverage of the AI software company with an Outperform rating, setting a target price of $25. Ives contends Palantir is well-positioned to take market share in both the commercial and government analytics software markets.

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July 28, 2023
Palantir Earnings Sent the Stock Soaring. Why Analysts Aren’t So Excited.

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Palantir

Technology’s earnings looked like they had something for everyone, as the data-analytics software company forecast its first profitable year and talked up its artificial-intelligence prospects. However, some Wall Street analysts are focused on slowing revenue growth as a reason to be wary of the stock.

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May 9, 2023
Geneos Wealth Management Inc. Grows Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

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Geneos Wealth Management Inc. lifted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,891 shares of the company’s stock after purchasing an additional 2,200 shares during the period. Geneos Wealth Management Inc.’s holdings in Palantir Technologies were worth $699,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PLTR. QCM Cayman Ltd. acquired a new stake in Palantir Technologies in the 4th quarter worth about $111,000. New York State Common Retirement Fund increased its stake in Palantir Technologies by 2.0% during the 4th quarter. New York State Common Retirement Fund now owns 1,939,758 shares of the company’s stock worth $12,453,000 after buying an additional 37,700 shares during the period. Kistler Tiffany Companies LLC acquired a new position in Palantir Technologies in the 4th quarter worth $48,000. International Assets Investment Management LLC grew its stake in shares of Palantir Technologies by 93.6% during the fourth quarter. International Assets Investment Management LLC now owns 147,688 shares of the company’s stock valued at $948,000 after acquiring an additional 71,402 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $1,471,000. Hedge funds and other institutional investors own 31.90% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $8.58 on Friday. Palantir Technologies Inc. has a 1-year low of $5.84 and a 1-year high of $13.33. The company has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.72.

Palantir Technologies (NYSE:PLTR – Get Rating) last issued its earnings results on Monday, February 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Palantir Technologies had a negative return on equity of 11.90% and a negative net margin of 19.61%. The business had revenue of $508.62 million for the quarter, compared to analysts’ expectations of $504.84 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLTR. Deutsche Bank Aktiengesellschaft cut their target price on Palantir Technologies from $7.00 to $6.00 and set a “sell” rating on the stock in a research report on Monday, January 23rd. Morgan Stanley dropped their target price on shares of Palantir Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, December 19th. Mizuho increased their price target on shares of Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 14th. The Goldman Sachs Group lowered their price objective on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. Finally, DA Davidson assumed coverage on Palantir Technologies in a report on Tuesday, February 28th. They set a “neutral” rating and a $8.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.85.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 153,049 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $10.07, for a total value of $1,541,203.43. Following the completion of the transaction, the insider now directly owns 281,526 shares in the company, valued at $2,834,966.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Palantir Technologies news, insider Jeffrey Buckley sold 4,636 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total value of $39,637.80. Following the transaction, the insider now directly owns 334,051 shares of the company’s stock, valued at approximately $2,856,136.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 153,049 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $10.07, for a total value of $1,541,203.43. Following the sale, the insider now directly owns 281,526 shares of the company’s stock, valued at $2,834,966.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,462 shares of company stock worth $1,980,256. Company insiders own 13.71% of the company’s stock.

About Palantir Technologies

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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April 14, 2023