Overview
- Palantir shares, which rose 4.7% Thursday to $142.11, remain 15.4% lower for the year and 31% below November’s $207.18 high.
- Investors bid up tech after reports of possible U.S.–Iran de‑escalation pushed the S&P 500 above 7,000, with Uber’s plan to spend over $10 billion on self‑driving cars adding fresh AI enthusiasm.
- Strong execution continues to meet valuation doubts, with last quarter’s revenue up 70% to $1.41 billion and U.S. commercial sales up 137% even as the trailing price‑to‑sales ratio sits near 68.
- Stock‑based pay has lifted the share count 28% in five years, which reduces each share’s claim on profits unless future growth outpaces that dilution.
- Trading has been jumpy, with 33 days of 5% moves over the past year including a 7.6% slide after Michael Burry highlighted Anthropic and its new Managed Agents, and the next earnings report is the key test for the growth story.