Palantir Jumps A Massive 10% Hailing New Tech Rally, Here’s What Happens Next
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Peter Thiel’s totally-not-evil™ tech company Palantir Technologies just had a massive rally of 10, no wait, 11, no wait, 12%! It literally keeps changing as I write this. And it’s looking like a rising tech company lifts all stocks because we’re seeing a lil bump for everyone. How generous.
The boost was triggered by PLTR’s latest quarterly earnings, which were $1.4 billion, well above Wall Street’s Predictions and 71% higher than the same period a year ago. And if that’s just a quarter of their earnings, imagine what the full amount is!
So why the long green candles? Well, Palantir had a massive 137% surge in domestic sales and a 66% bump in revenue from the US government and not just because Thiel and Trump are besties, but it doesn’t hurt.
But what does Palantir make exactly? Well, that’s a great question and the truth is: no one knows. Many people have wondered, but no one’s actually thought to ask them directly. Some say that it’s software of some kind or maybe computer integration… systems?
But who really cares! Whatever it is it’s selling like hotcakes so who needs to know?
That’s the thing about money, it doesn’t really matter what the product is or who’s selling it or why, just so long as the money keeps coming in and the numbers look good. I mean, you’ve got stocks right? Are you really that fussed about what the products actually are or are all these companies just numbers on a spreadsheet?
These people could be selling anything. Swap out tech with tulips and if the numbers were the same we’d still keep investing.
So when I tell you that Palantir’s AI-driven ‘ImmigrationOS’ is used by ICE to track down and deport immigrants, does it really matter? Number goes up, baby.
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