Latest news with #PalantirGotham
Yahoo
5 days ago
- Business
- Yahoo
Palantir (PLTR) Shares Are Up 80% Since This Congressman Bought Company Shares
Palantir Technologies Inc (NASDAQ:PLTR) shares are buzzing as more and more politicians pile into the stock and the company keeps getting governmental contracts. Congressman James Comer from Kentucky bought Palantir Technologies Inc (NASDAQ:PLTR) shares worth up to $15,000 on January 21 this year. The stock is up 80% since then. Comer is Chairman of the House Oversight Committee. A software engineer manipulating a vast network of code on virtual monitors. Palantir has so far defied conventional valuation metrics thanks to its momentum and strong growth. In Q1 2025, its US commercial revenue jumped 71% year over year, hitting a $1 billion annualized run rate, while total commercial contract value soared 183% to $810 million. Palantir posted a 44% adjusted operating margin and $370 million in free cash flow. The company secured 139 contracts over $1 million and 31 over $10 million, amid AI Platform (AIP) deployments seeing gains. U.S. government revenue, 42% of total sales, rose 45% year over year, and Palantir now supports 32 allied nations with its AI-based command platform. Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter: Palantir Technologies Inc. (NASDAQ:PLTR) builds advanced platforms for data integration, management, and security, enabling interactive, AI assisted analysis for its users. Its core offerings include Palantir Gotham, designed for government clients, and Palantir Foundry, tailored for commercial customers. Originally focused on U.S. intelligence agencies, Palantir has expanded into defense contracts with western governments and entered the commercial market in 2016. During the quarter, the company reported strong fiscal fourth-quarter results, with revenues surpassing analyst estimates due to heightened demand from both U.S. commercial and government clients. Management also raised its fiscal 2025 revenue outlook, citing robust demand in its Artificial Intelligence Platform (AIP), which continues to gain adoption across various industries. Collectively, these developments drove a notable rise in Palantir's share price, positively contributing to performance during the quarter. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
President Trump, Palantir's possible partnership: What to know
(NewsNation) — Americans having their data shared is about to reach a whole different level under President Trump's administration. Trump recently announced he is planning on partnering with Palantir Technologies to build a federal database tracking millions of citizens. But what exactly is Palantir? How did the tech company get involved with Trump? Who is in favor of this program and who opposes? Palantir Technologies is a data and technology firm cofounded by Peter Thiel, Stephen Cohen, Joe Lonsdale and Alex Karp. The company began in 2003 and specializes in software platforms for people. It has four main projects: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir AIP. Ex-Homeland Security official Taylor fights back against Trump's 'unprecedented' investigation order Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts. Palantir Foundry focuses on data integration and analysis for corporate clients. Palantir Apollo facilitates continuous integration and delivery across all environments. Trump has stated that Palantir would use the tracking data to help protect citizens and provide better all-around assistance. In March, Trump handed down an executive order that would push all federal agencies to share their data. The Department of Homeland Security, Internal Revenue Service, Social Security Administration, and United States Department of Health and Human Services have already begun the process, which channels sensitive data into one central database. Top Trump officials visit prolific Alaska oil field amid push to expand drilling 'On its face, it looks like the government is trying to save money in terms of operations and not doing the same thing over and over again,' said Armen Kurdian, retired U.S. Navy Captain. 'When you look a little deeper, is the implications or the risks of putting all the information together at one time going to make a greater risk for the American public?' Overall, the pitch would potentially lead to fewer wasted tax dollars, faster services and smarter law enforcement for Americans. The possible centralized database has people on both sides of the fence. Those who want to see the partnership come to fruition say fraud and efficiency will receive a tremendous boost. Meta becomes the latest big tech company turning to nuclear power for AI needs Critics say it could be a 'surveillance nightmare.' They also acknowledged that Thiel's acquiring unprecedented access to Americans' data goes well beyond privacy and could lead to weaponization. 'In this case, now, instead of something being segmented, a potentially massive database of the entire U.S. population could be at risk,' added Kurdian. Palantir's cofounder, Peter Thiel, is a known mega donor for Donald Trump. Thiel has been Trump's right-hand man in Silicon Valley and worked previously with Elon Musk, Trump's former senior advisor. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-05-2025
- Business
- Yahoo
Strong Results Boosted Palantir Technologies' (PLTR) Performance in Q1
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, U.S. equities faced increased volatility due to shifting fiscal, monetary, and trade policies. The rise of advanced AI models from China, which matched U.S. capabilities at lower costs, intensified this uncertainty. As a result, investors reevaluated the high capital expenditures of U.S. tech firms, leading to a sell-off in AI stocks and concerns over domestic AI returns. Against this backdrop, Class A shares of the Fund underperformed the Russell Midcap Growth in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) develops and deploys software platforms for the intelligence community. The one-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 6.51%, and its shares gained 469.54% of their value over the last 52 weeks. On May 28, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) stock closed at $123.76 per share, with a market capitalization of $292.062 billion. Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter: Palantir Technologies Inc. (NASDAQ:PLTR) builds advanced platforms for data integration, management, and security, enabling interactive, AI assisted analysis for its users. Its core offerings include Palantir Gotham, designed for government clients, and Palantir Foundry, tailored for commercial customers. Originally focused on U.S. intelligence agencies, Palantir has expanded into defense contracts with western governments and entered the commercial market in 2016. During the quarter, the company reported strong fiscal fourth-quarter results, with revenues surpassing analyst estimates due to heightened demand from both U.S. commercial and government clients. Management also raised its fiscal 2025 revenue outlook, citing robust demand in its Artificial Intelligence Platform (AIP), which continues to gain adoption across various industries. Collectively, these developments drove a notable rise in Palantir's share price, positively contributing to performance during the quarter. A software engineer manipulating a vast network of code on virtual monitors. Palantir Technologies Inc. (NASDAQ:PLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) at the end of the first quarter, which was 64 in the previous quarter. While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Palantir Technologies Inc. (NASDAQ:PLTR) and shared the list of AI stocks on Wall Street's radar. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
PLTR vs. COHR: Which AI-Driven Tech Stock Has More Upside Now?
Both Palantir Technologies Inc. PLTR and Coherent Corp. COHR are major players in the AI and data infrastructure space. Palantir is a leading provider of enterprise-level artificial intelligence software, specializing in data integration, large-scale analytics, machine learning operations, and decision-making platforms. Its core platforms — Palantir Gotham, Foundry and Artificial Intelligence Platform (AIP) — are specifically built to empower organizations in both government and commercial sectors to harness the power of their data through real-time decision intelligence and AI-driven operations. Coherent is a critical supplier of optical and semiconductor technologies, with increasing relevance in AI hardware infrastructure. Its products include high-speed optical transceivers, lasers, compound semiconductors, and advanced substrates, all of which are essential for the high-bandwidth, low-latency data transmission required in AI-centric applications such as data centers, autonomous systems and edge computing. Palantir's AI strategy is comprehensive, combining its proprietary Foundry and Gotham platforms with a solid plan to promote AI adoption across both government and commercial sectors. Its AI Platform (AIP) is the backbone of these capabilities, enabling organizations to process large datasets and derive real-time insights. This is especially valuable in sectors requiring extensive data integration, such as defense, healthcare, finance and intelligence, where operational efficiency and decision-making speed are critical. In the government sector, Palantir is aligning its AI strategy with U.S. defense priorities. Its work in high-profile initiatives, such as the Department of Defense's Open DAGIR project, highlights its ability to modernize military operations through AI-driven solutions where data interoperability and real-time decision-making capabilities are imperative. These capabilities solidify Palantir's position as a key player in the defense sector. In the commercial space, Palantir's AIP boot camps — providing hands-on experience to over 1,000 companies — have proven instrumental in customer acquisition. Boot camps showcase the platform's capabilities and demonstrate its adaptability across logistics, manufacturing and supply chain management. Palantir's core customer base comprises businesses seeking tailored AI/ML services, particularly large government and corporate clients willing to invest heavily in its systems. This has generated solid revenues, registering a 21.3% CAGR from 2020 to 2024. Rising AI workloads are significantly increasing traffic between data centers, necessitating that the telecom industry boost investments in higher-capacity interconnects. This surge is fueling widespread upgrades across optical transport networks, which are essential for efficiently handling the surging data movement driven by AI operations. The exponential growth in AI results in massive data generation and processing, and complex AI models — especially large language models (LLMs) and generative AI systems — are increasingly reliant on ultra-fast, low-latency data transmission infrastructure. As a result, there is mounting pressure on data center operators to upgrade their interconnectivity with cutting-edge technologies. Consequently, demand for Coherent's datacom products, particularly high-speed optical transceivers, has seen a substantial upswing due to this AI-driven infrastructure transformation. Coherent's optical transceivers play a critical role in enabling high-bandwidth, low-latency communication between graphics processing units, AI accelerators, and storage systems, components vital to AI model training and inference at scale. In particular, shipments of 800G transceivers have increased meaningfully, driven by strong and growing demand from hyperscalers like Google, Amazon, Microsoft and Meta, all of which are aggressively expanding their AI capabilities. These transceivers enable faster connectivity within data centers, facilitating parallel processing and real-time inference operations across distributed compute clusters. Furthermore, Coherent's transceivers are not only helping manage current AI workloads but are also paving the way for next-generation data center architectures. Their products are designed to handle the increasing complexity and scale of AI model deployments, making them indispensable for hyperscale customers looking to future-proof their infrastructure. As the AI revolution accelerates, Coherent's role in delivering the optical hardware backbone of AI computing continues to grow in strategic importance, making it a key beneficiary of the global pivot toward intelligent, high-performance digital infrastructure. The Zacks Consensus Estimate for Palantir's current year sales and EPS indicates year-over-year growth of approximately 37% and 44%, respectively. This indicates a solid performance trajectory, with EPS estimates trending upward over the past 30 days, signaling increased optimism from analysts about Palantir's continued profitability and operational leverage, particularly as demand for its AI-driven platforms accelerates. Image Source: Zacks Investment Research In comparison, Coherent's current year sales are projected to grow about 22.6% year over year, a notable figure though slightly more modest than Palantir's top-line growth. However, Coherent stands out more prominently on the bottom line, with EPS expected to rise by over 100%, outpacing Palantir's EPS growth rate by a considerable margin. Like Palantir, EPS estimates for Coherent have also been trending higher over the past 30 days, reflecting growing confidence in its earnings recovery, particularly amid the AI-fueled surge in demand for high-speed optical components and data center infrastructure. Image Source: Zacks Investment Research COHR is currently trading at a forward 12-month P/E ratio of 19.13X, which is well below its 12-month median of 30.45X, indicating a potential undervaluation. In contrast, PLTR holds a much higher forward 12-month P/E ratio of 191.04X, though still below its median of 225.63X. While both stocks are trading at a discount to their historical valuations, Coherent appears far more attractively priced from a valuation standpoint, suggesting greater room for multiple expansion, especially given its accelerating earnings growth tied to AI infrastructure demand. While both Palantir and Coherent are benefiting from the AI boom, Coherent appears to offer more near-term upside. Its critical role in AI infrastructure, surging demand for high-speed optical components, stronger projected EPS growth, and significantly lower valuation multiple make it a more attractively priced AI play. Palantir's software leadership is compelling, but Coherent's combination of strategic relevance, earnings momentum, and undervaluation gives it the edge for investors seeking upside potential. COHR and PLTR carry a Zacks Rank #3 (Hold) each at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coherent Corp. (COHR) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
29-04-2025
- Business
- Yahoo
Strong Earnings Report Lifted Palantir Technologies (PLTR) in Q1
Investment advisory firm Ithaka Group released the 'Ithaka US Growth Strategy' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Following two years of gains exceeding 25%, the markets welcomed the new year with considerable volatility and a sharp decline. In the first quarter, Ithaka's portfolio underperformed the R1000G by 30 basis points, recording -10.3% to -10.0% (gross of fees) amid a negative market environment. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Ithaka US Growth Strategy highlighted stocks such as Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community. The one-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 35.39%, and its shares gained 421.85% of their value over the last 52 weeks. On April 28, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) stock closed at $114.65 per share with a market capitalization of $268.9 billion. Ithaka US Growth Strategy stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter: "From the front-lines of warzones to Fortune 500 enterprises, Palantir Technologies Inc. (NASDAQ:PLTR) builds software to address high-level action items, respond to defense and security concerns, and improve organizational efficiency. The company offers a number of software products from data analysis and curation (Palantir Gotham and Foundry) to a cloud-based operations software (Apollo). The company rose to popularity, in part, due to several government contracts (~55% of revenues) arising from recent and continuous global conflicts. In addition to creating generative AI defense solutions for governments across the globe, commercial customers (~45% of revenues) have flocked to the company's security and data analysis solutions to monitor and analyze business data and protect sensitive information. The stock's rise in the quarter was due to a strong earnings report that beat Street expectations as well as investor excitement with regard to the company's ability to further monetize its AI product across its growing customer base." A software engineer intently typing code into a laptop with multiple screens in an office. Palantir Technologies Inc. (NASDAQ:PLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) at the end of the fourth quarter, compared to 43 in the third quarter. While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Palantir Technologies Inc. (NASDAQ:PLTR) and shared the list of best stocks to buy according to Marjorie Taylor Greene. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
