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👎 "IT'S OVER" | Palantir Bullets #41
Palantir developments and the crowned “Tweet of the Week”
Editor: Emanuele Marabella
Hi, I’m Arny. Thank you for joining 2.823 investors who receive the deepest Palantir research. Please hit the ❤️ button if you enjoy today’s article and share it!
Palantir in the last two weeks:
Morgan Stanley issued a $9 target with a 45% downside. The analyst is concerned that the absence of a clear pricing strategy for AIP will be a tailwind for Revenue growth.
"Their core reasoning for the downgrade - zero rev growth shown from AIP makes the stock essentially seem as if it's trading on revenue that will eventually come, but none that is tangible yet." - @amitisinvesting
Bank of America reiterated its $18 target backed by strong demand for AIP.
"We think PLTR’s ability to provide genAI solutions, agnostic to a preferred LLM (large language model), compliant to tight security requirements, with demonstrated use cases across sectors, has not been fully appreciated by the market. We reiterate our Buy rating and PO of $18." - Bank of America
Either Square unveiled Avantor as a Foundry customer.
"They have over 12,400 employees and are in the Life Sciences and Biopharma industries. They have access to research laboratories and scientists in more than 180 countries." - Either Square
@Either_Square also unveiled that Conagra Brands, a food processing company, is using Palantir Foundry.
"They employ over 18,600 people. Their portfolio of products includes Slim Jim and PAM." - Either Square
Palantir released a new application called Linter, aimed at improving Foundry efficiency. The app is to be available for Beta use in September.
"The application checks the state of Foundry and suggests ways to move resources to reduce cost, optimize your ontology, and increase pipeline stability and resilience." - @jorgenthoughts
Foundry Marketplace is to be released for general availability by early 2024.
"The Marketplace storefront provides discoverability and facilitates installation of published data products." - Palantir documentation
Alex Karp will also participate at Schumer's AI Forum in September along with AI leaders, including Nvdia, OpenAI and Alphabet.
Cathie Wood bought the dip at ~$14
"Cathie decided to buy the 10% dip — her first buy since July." - @amitisinvesting
OpenAI released ChatGPT Enterprise as it faces "unprecedented demand" from Fortune 500 companies. This seems way more limited than what Palantir AIP offers, but generates competitive pressure.
"You own and control your business data in ChatGPT Enterprise. We do not train on your business data or conversations and our models don’t learn from your usage." - OpenAI
NHS employees are getting certified on Foundry. Is this a hint about the $480mn deal? Contract award on September 28th. Great spot @jorgenthoughts!
"How reasonable is it that the @NHS wants to re-train its employees for another platform? Imo unlikely, but we will discover it soon! "- Arny
CalypsoAI, a company focused on AI security, joined Palantir FedStart.
"Pumped to welcome @calypsoai to the @PalantirTech FedStart family. FedStart turns the 1.5 years IL5/IL6 process into something more like 1.5 months. We are reducing the barriers to entry for the entire Defense Tech ecosystem." - @ssankar, Palantir CTO
The new Ontologize helps professionals find job opportunities that value their experience with Palantir. From an investor standpoint, this is a great way to track new clients, expanding clients, and general adoption.
"Amazing to see the breadth of demand for Palantir skills - an ontology in every board room and in every operations center!" - @petewilz, Palantir Product Manager
Tweet of the week