Yes Palantir make a shitload of money. But it is also ridiculously overvalued, for now, given its revenues. Karp is an intense dude, 100% of the time, and is hard to take, but he is very brilliant. I met him in 2023 and bought PLTR as a result. AI is not just a bubble, but a SHELL GAME. Especially with the OpenAI and Oracle fraudsters. The only companies doing it right are Apple, Amazon and Palantir.
Then you have a 20-bagger in PLTR like my rich pal I told to buy it, and you could withstand a brutal drawdown and still be a hero.
Yup, and another metaphor that works, throw a bunch of stuff at the wall to see what sticks. Not sure about fraudsters. To your list I’d add at least Tesla.
Most of us remember the microcomputer revolution, and how there is only one survivor of manufacturing computer hardware, which is Apple, and even they OEM the products; IBM’s been out of microcomputers for decades; Microsoft began as a hardware company and only in recent years started to build its own integrated hardware (I’m not counting the Microsoft coprocessor card I seem to remember).
As with all budding industries, there will be failures, mergers, takeovers. Should be fun.