🚀 Joining the Nasdaq | Palantir Bullets #104
Nasdaq-100 soon, First DevCon, Major AIP expansion
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Editor: Emanuele Marabella
Last week:
Palantir announced it will join the Nasdaq stock exchange on November 26th, unlocking eligibility for the Nasdaq-100 Index. At its current market cap, Palantir could enter the top 30.
Palantir held its first Developer Conference, DevCon, a two-day event that brought together 150 commercial and government clients. During the event, Palantir launched the new AIP for Developers features.
Palantir signs a 4y expansion with Rio Tinto to deploy AIP:
“With the Ontology providing a unified view of all assets, Network Specialists coordinate the haulage of iron ore by 53 driverless trains, each with 240 wagons, across the Pilbara rail network.” - Palantir press release
According to The Guardian, Palantir faced friction in the UK while trying to expand to MoJ and the Prison Service:
"Ministers need to push back against any use of artificial intelligence in the criminal justice." Peter Frankental, Amnesty International UK
Palantir stock crossed $65, making the company’s market cap exceed that of Lockheed Martin. Palantir is now the second biggest defense contractor after Raytheon Technologies.
Is the valuation sustainable?
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Yours,
Arny
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Disclaimer: The views and opinions expressed above are current as of the date of this document and are subject to change without notice. Materials referenced above will be provided for educational purposes only. None of the above will include investment advice, a recommendation or an offer to sell, or a solicitation of an offer to buy, any securities or investment products.