Palantir shares surged north by more than 27% on Tuesday after the company reported quarterly earnings that CEO Alex Karp called "otherworldly" in a call with ******* ysts Monday evening.
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
3 months ago
