2024-03-18 17:39:10 ET
Summary
- Palantir Technologies Inc. is uniquely positioned in the AI rally, avoiding the cyclical nature of hardware-focused companies.
- The company is already implementing large language models and driving real-world value with diverse applications.
- Palantir's recent uptick in results and customer growth indicate potential for future top-line growth and margin expansion.
- Despite these recent positive developments, we believe that from a fundamental point of view shares are priced for perfection even in an optimistic scenario.
Investment Thesis
In the world of booming equity markets, AI being the topic du jour, and companies like Nvidia ( NVDA ) reaching multi-billion dollar valuations at a record pace, our nature has generally been to question the current narrative. Overall, we began to assess whether valuations, even allowing for tremendous growth, remain justified at current levels....
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For further details see:
Palantir: AI Tailwinds May Not Outweigh Fundamentals