A similar article was posted here on March 28, 2023, when Jovine was just beginning to run a similar ad, but I have updated that story to incorporate the (now very different) numbers and narratives driving these stocks, and the current valuations.
The language is similar to pretty much every teaser ad you’ll ever see…
“A remarkable yet small company is at the forefront. This company is literally at the center of this revolution.
“Right now, only a handful of the savviest investors know.
“But that’s starting to change.
“If you were to make only one investment in the next decade, this is it. It doesn’t get clearer than this. “
The ad, for Dylan Jovine’s Behind the Markets ($79/yr), is all about the growing use of Artificial Intelligence in the military… and in particular, how Ukraine is a training ground for these technologies, which are already proving their value. Here’s the lead-in from the ad:
“New Breakthrough ‘Living Software’ Has Been… Ukraine’s ‘Secret Weapon’ Against Russia
“The Washington Post Reports: ‘It’s a big reason David is beating Goliath….’
“The Wall Street Journal Reports: ‘…it’s a technical revolution’
“Jeff Bezos Said: ‘It’s in the realm of science fiction.’
“Our research proves that early investors could reap 5,633% gains on the small A.I. firm that makes it.”
And at the top of the ad we see a photo of Ukraine’s president and… some other guy…
“On the right is Ukrainian President Zelenskyy. His leadership in defending his country has earned him comparisons to Winston Churchill. But the thin man standing on the left is as valuable as any of Ukraine’s best generals. He runs the AI software firm that’s been Ukraine’s secret weapon in its war against Russia.”
Ah, well that gets us our answer awfully darn quick — those who consume way too much investing media will recognize that dude right away, here’s a different photo from the visit…
Know who that is? We’ll keep you in suspense for just a moment while we skim through the rest of the ad to look for more clues…
More from Jovine:
“… the key is to find a company with a breakthrough technology on the verge of entering this phase. That’s how generational wealth is made.
“And that’s what makes the AI software firm I’m bringing to you today so compelling
“It’s solidly in the acceptance phase right now.
“The US Army signed up to buy their software on October 6, 2022
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just click here...“Homeland Security signed up to buy their AI software on September 26, 2022
“US Space Command signed up to buy their software on June 2, 2022
“Like the iPhone, an entire generation of soldiers and commanders are looking at its screen every day. It’s what they’re being trained on and what they’ll be used to using.”
And he sees a lot more overseas buying of this company’s software…
“For NATO to function properly, it needs a unified command and control.
“That means every officer and soldier under NATO command needs to be processing the same information and looking at the same screens.
“That’s why England’s military bought their AI software on December 21, 2022…
“Australia bought their AI software on November 8, 2022…
“And Japan bought their AI software on January 4, 2021…”
But there’s also some kind of commercial use, too… so apparently you can do something other than shoot down Russian drones with this technology:
“The CDC signed up to use their software on December 7, 2022…
“The FDA signed up to use their software to modernize the food supply chain on October 25, 2022…
“Lockheed Martin signed up to use their AI software for their Aegis ships on November 30, 2022…
“Hyundai signed up to use their AI software to help with shipbuilding on September 20, 2022.”
Enough? I agree. As I noted, they had us with the photo — that’s a picture of Alex Karp shaking hands with the Ukrainian President, and he was actually the first vendor to visit Kyiv last year, in June, just a few months after the Russian invasion. And yes, Alex Karp is the CEO and co-founder of Palantir (PLTR), the “big data” company that was built largely on contracts with the US military.
Palantir at first was largely known for its work in data mining for the intelligence agencies, doing stuff like predicting terrorist attacks… it was even given some credit for helping to track down Osama Bin Laden. The company was founded 20 years ago, but for a long time was considered one of the most valuable and secretive private companies in the world (for a time it was the biggest holding of the Private Shares Fund (PRIVX), which I have written about a few times, so I’ve been paying a little bit of attention to Palantir for a while)… and the other co-founder is the now-legendary venture investor (and lightning rod) Peter Thiel, so the company has always gotten quite a lot of attention.
The public listing of Palantir, predicted for years and long-delayed, made a big splash in the Fall of 2020, and the stock surged to incredible heights in the manic trading of early 2021, with investors hoping that Palantir would be the next mega-cap tech stock, the FAANG leader of the 2020s… but that ended poorly, as it did for so many other popular tech companies, even Cathie Wood at Ark Invest gave up and sold last year, and by the time Jovine was first running this ad back in March, the shares were around $8 (the A.I. surge has lifted PLTR, it’s now up to about $20).
Palantir is just barely becoming profitable now, after several years of gradually improving margins — though thanks to tons of stock-based compensation, they have actually generated positive cash flow from their operations over the past couple years. (The year they went public, stock-based compensation was more than their revenue… and it is shrinking, largely because the share price has come down, but remains high, it was 50% of revenue in 2021 and 30% in 2022 — 21% in the first quarter of this year).
And that’s largely been the challenge for Palantir as an investment — it wants to be considered a software company, but they have spent so freely that they don’t earn the kind of margins that we’re used to seeing from software companies. Really, in many ways they’ve looked more like IBM, sending in an army of consultants to run customized data analysis projects for their clients rather than just selling a certain number of ‘seats’ for a generic software platform.
Still, analysts think PLTR will be profitable in 2023 on a GAAP basis (if you ignore stock-based compensation, they’re already profitable… just barely). The average forecast from analysts is that they’ll have adjusted earnings of 21 cents in 2023, their first profitable year, followed by 26 cents in 2025 and 34 cents in 2025. So that’s roughly 25% annual earnings growth. Those numbers have scooched up by a penny or two since March, but have certainly not exploded like we’ve seen for other AI-connected stocks like NVIDIA — Palantir’s business is not generally fast and twitchy, these tend to be big, long-term contracts with large companies and governments who don’t suddenly double their “order” in a given month.
What are you willing to pay for that, assuming it can continue at something near that level? Personally, I’d want to pay less than 50X earnings, that’s a PEG ratio of 2.0 and is usually the most I want to pay for a “growth at a reasonable price” company.
And whaddya know, 50X 2023 earnings would be about $10-11 (and 50X 2024 earnings forecasts would be a little above $13), which is why it was looking rational back in March at $8… but not so much today, at $20. I was fairly close to considering the stock during the downturn, when it was mostly in the $6-8 range, but I didn’t bite, and it appears I missed that particular idea. Which is OK, if you don’t say no to a lot of things and have some “buy” discipline, you’ll get sucked into every interesting story.
Palantir is a BIG company — they have a market cap of about $42 billion these days (it was $17 billion in March), and have $2.5 billion in cash and no debt, so they’re not at all fragile. They are still growing, and the commercial revenue is growing much faster than their government revenue (though is still a little smaller, commercial will probably become more than 50% of revenue by the end of this year, since their government revenue is only growing at 10-15%/year)… and the best sign on the commercial side is probably that they’re bringing on lots of new customers (now a total of 391 customers, 114 more than a year ago… and they signed almost 1,000 deals last year — some customers have many deals). If you want to think of them as a recurring revenue/software company, they had net dollar retention of 115% in 2022, and total revenue growth of 24%. You can check out their latest investor presentation here for more detail on those numbers.
I don’t know if I would have called Palantir a pure “AI” company last year, but certainly a big part of artificial intelligence is analyzing massive amounts of data, and that’s the core of Palantir’s business. This is how they sum up their connection to artificial intelligence:
“Organizations have more data at their disposal than ever before. Yet for many, AI/ML remains technology in search of a problem rather than a valuable source of new value.
“This paradox has a simple explanation: Building AI/ML models for one-time insight is relatively straightforward, but managing models over time and making them useful for downstream operations is much more challenging. Palantir makes AI/ML models operational by deploying them on top of a trustworthy data foundation and continuously improving them based on user decisions and feedback — in a cyclic way. Our platforms provide the matrix for end-to-end MLOps, propelling AI/ML out of the experimental vacuum and into the real world.”
And CEO Alex Karp does highlight AI in his Annual Letter, too…
“Our collective focus on artificial intelligence, including the natural language processing capabilities that have recently been made more widely available to the public, is not misplaced.
“The transformative potential of software, which we have been building for two decades, is only in the earliest stages of revealing itself…
“The widespread adoption of artificial intelligence in civilian applications will come soon. In the military context, it has already arrived.
“Our technology is on the front lines around the world, including in eastern Europe, where software has become a significant and often decisive lever on the battlefield.
“The traditional military calculus that involves comparative assessments of the capabilities of physical assets, including tanks and missiles, for example, in isolation from their accompanying software systems, which are now essential to the efficacy of an asset in the field, is now essentially obsolete.”
And then in the first quarter letter, he put it this way:
“The arrival of the latest large language models, which have provided the world with the first real hints of more generalizable forms of artificial intelligence, will transform enterprise software.
“We were fortunate in that we began building years ago the foundational architecture that will be required in order to meaningfully leverage the power of these new technologies within the context of privately held datasets.
“It has now become increasingly apparent that a platform that combines the capabilities of a foundational software architecture with those of the latest large language models is essential in order for the models to evolve into something of transformational value for large organizations.
“And what we are building will become that platform.
“The depth of engagement with and demand for our new Artificial Intelligence Platform (AIP) is without precedent.”
Makes some sense to me, and I do find Palantir a more appealing company than the only real “pure play” AI stock we saw touted in the first part of 2023, C3.ai (AI), which also has some government contracts, though that’s largely because Palantir has consistent growth and a pretty linear improvement in margins that’s gradually creating a profitable company. I can’t really tell you that one has much better software than the other, and they’re probably not really direct competitors in many ways, though I can at least guess that Palantir’s services are more popular than C3’s among businesses, just from noting that C3 (which mostly sells to large businesses) has grown revenue from $172 million in 2020 to $267 million in 2022, and during that same period Palantir’s commercial revenue grew from $99 million to $335 million.
Palantir actually has pretty remarkable growth on the commercial side, they seem to be “winning” in that arena, it’s just masked a bit by much slower growth in their larger government business.
And yes, Palantir is reportedly helping give Ukraine’s military an edge against Russia on the AI front. Or at least the algorithm and data processing front. Ukraine is reportedly using Palantir’s Skykit to analyze data for targeting and asset allocation in the field.
Those who got burned by PLTR’s collapse over the past year or two might find it hard to look at the stock again anytime soon, but, even here at $20, the valuation is significantly more rational than it was in 2021.
At least, if you can stomach the massive stock-based compensation, (and that’s at least improving each quarter… and the cynic will remind you that high SBC is pretty much endemic to the sector, so if you want to buy tech stocks you pretty much have to live with it).
Here’s what I wrote in March:
“I would be surprised if the stock went on a wild tear at this point, it seems to have settled in as a “growth at a reasonable price” company where investors will be focused on actual earnings, so they’d probably need a big “surprise” earnings beat to get people feeling super lusty again… but you never know, the shares could take off as part of the rising level of enthusiasm for all things AI. They should be reporting their next quarter in about six weeks, probably in the second week of May.”
And, well, I was surprised, and they sure did beat their earnings estimates in that first quarter report — though I’d say the “super lusty” feeling came from the A.I. story mania, partly fueled by Palantir’s optimistic commentary about their leadership in that area. I’m a little surprised that estimates have not lifted for PLTR earnings over the next year or two, so at this point either investors are yelling at the analysts that they need to catch up (as happened with NVIDIA through the fourth quarter of last year and first quarter of this year, when investors were far ahead of the analysts and the analysts eventually caught up), or investors have gotten too enthusiastic because of the dramatic surge of interest in A.I. Or something in between, I guess.
We’ll get a better idea of how things look in the next quarterly update, which will be released on Monday after the market close. I’d say Palantir needs to beat the estimates by a good 30-40% or so to justify the share price move, and probably say optimistic things that get analysts to upgrade their growth forecasts — but they just might do that. Certainly the business is humming along nicely right now, picking up lots of contracts, and could keep building.
I missed the chance to buy Palantir when it was at a rational price for six months or so in the $6-10 range, because I didn’t see the big corporate sales growth coming, and I can’t quite justify chasing it here at $20… but given their steady improvement in margins and the stability of their big government contracts, it’s possible that their commercial growth will be strong enough to justify the price today. It is very richly valued, and I assume that they don’t really have the capacity for a shock near-100% revenue growth number in any given quarter like NVIDIA had earlier this year (Palantir’s probably not increases prices dramatically like NVDA can do with their A.I. chipsets today, and they’re not outsourcing production like NVDA does), but, and I say this as a NVIDIA shareholder, I’d also say Palantir is not as insanely valued as NVIDIA right now. I’d be more inclined to buy PLTR than NVDA at the moment, though I’m also quite content with the fact that I don’t have to buy either. So that’s something.
And Jovine also hints at a couple other picks he likes, though with many fewer clues… can get get some answers on those?
Let’s see…
“AI Software Stock Pick #2: ‘AI Air Force: The Small AI Company Powering the U.S. Air Force’
“While our second AI stock pick may not be as glamorous as our first, its mission is just as important…
“It monitors all the systems on fighters like the F-35 lightening to help the Air Force predict high-risk subsystems before they fail.
“That has reduced unscheduled maintenance by 40%, which keeps our fighters protecting our skies longer than ever before.”
Ah, well speak of the devil… that’s C3.ai, which does indeed sell a “predictive maintenance” product to the Air Force. In their words…
“Machine learning (ML) solutions that leverage operational performance and maintenance records can anticipate system failure and automate inventory management. These condition-based predictive models reduce the frequency and duration of unscheduled maintenance, increasing aircraft availability by proactively scheduling repairs and decreasing the number of missions aborted because of maintenance-related breakdowns.”
That software product was developed for commercial aircraft customers, but appears to be working well for the military, too — C3 does indeed say that there’s been a 40% reduction in unscheduled maintenance for high-priority aircraft, and the Army said it reduced “severe in-flight malfunctions” by 24%. Sounds like a win, even if it’s not perhaps as direct as targeting Russian forces with drones.
C3 has about the same chart as Palantir over the past couple years — a hot IPO that fell apart when revenue and earnings disappointed and the market bubble deflated, and then was saved by ChatGPT and the mania over all things A.I. this year… but C3 is far smaller, and far less “real” than Palantir right now. They are still burning quite a lot of cash, their cash flow is probably actually going to fall this year, and the analyst guess is now that they’ll begin to be profitable on an adjusted basis sometime next year, but not “GAAP profitable” for at least three or four years.
Their revenue forecasts have really fallen apart as they’ve failed to capitalize on their early chunk of business with Baker Hughes — a couple years ago, analysts were expecting C3.ai to be posting at least $500 million in revenue this fiscal year… and now the forecast is that they’ll just barely top $300 million. They’ve got to find some strong top-line growth to make the finances make sense, so that’s what I’d be looking for in their next quarterly update (which probably won’t be until the end of August).
And the third one? Here’s how he teases it:
“Classified AI: The Small AI Company Securing Our Nation’s Top Secrets”
“The AI stock I just told you about is going to keep our fighters in the air for longer.
“Yet we can have the best fighters in the air and the best Kill Chain software on the ground…
“But if our military can’t communicate securely, none of that will matter.
“Our enemies will know our every move – before we make them.
“Our 3rd stock pick is a small AI software firm that allows communication to run smoothly and securely.”
And on that one, I’m afraid, our Thinkolator draws a blank — not enough clues to really narrow down which of the many cybersecurity companies who work with the government this might be (essentially all of them at least say they use AI). Maybe it’s that one other “pure play” AI stock that got attention earlier this year, BigBear.ai (BBAI), maybe it’s A10 (ATEN), or it could be many others ranging up to much larger companies like CrowdStrike (CRWD) or Palo Alto Networks (PANW). If you’ve got a favorite “communication security” AI stock to suggest to us, feel free to do so with a comment below.
I also keep experimenting with the AI chatbots, it’s fascinating to see what they come up with when asked about specific investments… here’s what it gave me when I asked ChatGPT to compare C3.ai to Palantir as potential investments:
“C3.ai and Palantir are both software companies that focus on utilizing artificial intelligence (AI) to solve complex problems for their clients. However, there are some differences between the two companies that may impact their potential as investments.
“C3.ai focuses on developing enterprise-scale AI applications for industries such as energy, healthcare, and manufacturing. Their products enable businesses to collect and analyze large amounts of data in order to optimize their operations and improve their bottom line. C3.ai has partnerships with major companies such as Microsoft and Amazon, which could provide them with a competitive advantage in the market.
“Palantir, on the other hand, specializes in providing data analysis and management solutions for government agencies and large corporations. Their products enable clients to integrate and analyze disparate data sources to identify patterns and make better decisions. Palantir has a strong reputation in the industry and has worked with clients such as the U.S. Department of Defense and the CIA.
“In terms of financial performance, both companies have experienced significant growth in recent years. C3.ai went public in December 2020 and has seen its stock price rise steadily since then. Palantir went public in September 2020 and has also seen strong demand for its shares.
“Overall, both C3.ai and Palantir have the potential to be good investments, depending on your investment strategy and risk tolerance. C3.ai may be a better choice for investors who are interested in the growing field of enterprise-scale AI applications, while Palantir may be a better choice for those who are interested in government and corporate clients. Ultimately, it is important to do your own research and carefully evaluate the potential risks and rewards of each investment opportunity before making a decision.”
Here’s what ChatGPT means when it says “stock price rise steadily” and “strong demand for its shares” about these two companies over the past two years (I gave it a few months for the IPO enthusiasm to burn off, otherwise it would have been worse — they both came public in late 2020), so I guess there’s still room for us to think human thoughts about our investments… even if they are AI companies (that top line in orange is the S&P 500, green is the Nasdaq 100):
that last uptick on the last chart looks like what newsletter buzz can do
Excellent insight, as usual, thanks for sharing
Travis,
Have you considered using one of the AI bots for a Thinkolator exercise?
I’ve tried a few times, but it’s a little crazy how much they seem to just make stuff up sometimes. I did ask ChatGPT to summarize one of my articles, and it wrote a careful abstract that was sort of on topic… but focused it on a stock that I hadn’t even mentioned in that article.
As a former C/S guy, i liked a comment heard recently, probably on the radio:
‘Most things currently getting called “AI” are really just a giant auto-complete programs. Trying to predict what the highest probability next word will be.’
I have recently tried to phone several commercial companies, attempting to give them lots of money – to purchase some high ticket items. Their “virtual assistants” have been FAR more annoying – and less effective – than the old telephone-answering menu programs. One eventually even lost the sale altogether.
I´m not surprised, as there´s more of Artificial than of Intelligence on it
now that’s funny!!!
NVidia modules are the picks and shuffles needed on graphics vs Intel PC chips which are less and less needed of AI infra expansion. Would you make an exception on your 40x earning rule in Nvidia given its role in Ai C.A.G.R 42% estimates
Make an exception to hold an overvalued company? Sure, I hold lots of companies through cycles if I think they have a good long-term future. I’ve owned NVDA for six years or so, and may well still hold some shares a decade from now. Selling just because it got “too expensive” short-circuits the extreme gains that you can sometimes get from the very best long-term growth stocks.
But I wouldn’t make an exception to buy them at this valuation. The enthusiasm waxes and wanes, I’m more comfortable buying when the optimism is lower.
Just one thought on Intel, the amount that intel has spent on research is staggering. On anyone of many fronts, it’s huge! Where there research has/is going blows away the 3nm size or even Nvidia’s GPU breakthroughs. Not trying to put down TSM or NVDA’s accomplishments or giving Intel a break for dropping the ball on their foundries but what I’ve learned from what all Intel has been doing is amazing!
That third AI company you didn’t have enough clues for. Could it be Darktrace?
Sure, Darktrace (DARK.L, DRKTF, DRKTY) could be a reasonable guess. Don’t really know the company, but they pitch themselves as AI-powered cybersecurity. They were subject of a short attack earlier this year, but the stock price has mostly recovered from that.
What are the pros and cons of buying shares ending in ‘F’ vs ‘Y’?
Fidelity will not let you put a stop on these companies.
That’s a good question since they both have the same stats. That is except for F.P/E slightly. Now for some reason DRKT.L has a price of 362.60GBp
Ok I’m a bit low in my foreign currency exchange rate but the Great Britannia pound has not fallen into the gutter like that without me having heard about it so there must be something else going on.
Now more to the point being listed in USD here, with the F should have no foreign tax implications or I really don’t know WTF’s going on and just another reason ten feet of tax code and growing is simply insane!
The tax implications aren’t changed much by the ticker, or even by whether you buy directly in London or buy on the OTC market in the US.
Remember, when there’s a lower-case p (GBp vs. GBP), that means they’re talking pence, not pounds. Stocks on the London Stock Exchange traditionally trade in pence, so 362p is £3.62, or about US$4.58.
Generally you want to buy the OTC stock that has the highest trading volume.
When it comes to foreign stocks, ending in an “F” means it’s just a ticker the brokers use to represent shares bought on a foreign exchange (though you might buy them from another US person using that ticker, it doesn’t have to be shares the broker bought for you in London). Shares ending in “Y” are ADRs, which means the shares are bought and held in trust for you by the ADR sponsor. The only real difference is that sometimes the formal ADR shares also have an ADR fee charged by the bank which holds on to the shares backing the ADRs, and that fee can occasionally be meaningful.
When buying shares of a London-listed stock, it’s important to watch the price in London and try to place your order in the first hour of trading, when both London and NY markets are open — that will likely get you a fill, because your broker could buy those shares in London for you without any risk, and earn a couple pennies in the deal. Remember that it is MUCH harder to sell lightly-traded OTC stocks than it is to buy them — you’ll often have to offer a discounted price to get someone to bite, particularly if you need to sell when the home market is not open. If you’re a small individual investor, liquid markets are much more important for sellers than for buyers.
There’s a lot more friction in these kinds of trades, given the lack of liquidity and the fact that the fair price is set in London, and fees and commissions are generally higher — I’d only buy OTC-listed foreign stocks if I intended to hold for a longer time, there’s too much friction to make them a good bet for active trading.
Can’t wait to see Skynet given control of all of the U.S. defense decisions….buy shares in Cyberdyne systems before they shoot to the moon.
Huh, which moon?
I’m not scared because I can transform into molten metal
No, that was back in the 70’s when it was determined that the computers that ARE constantly scanning the radar of everywhere would not have access to any launch buttons!
Do you think this will dampen the enthusiasm for AI now?
https://www.foxnews.com/tech/ai-expert-warns-elon-musk-signed-letter-doesnt-enough-literally-everyone-earth-will-die
I’m sure there will be more pushback, and those doomsday scenarios do a lot of extrapolating, but usually laws and regulation lag way behind commercial innovation.
Really, foxnews, surely here we can be more serious and call things the way they truly are like for what they actually are licensed for which is fox entertainment!
Now more to the point most of the time when IQ’s reach a certain level those peoples regular thinking can run askew to how the rest of us see things. Brilliant as the dude is, I’ve never heard him worried about those billion people becoming refugees fleeing death zones of heat exhaustion thru India & Pakistan’s two nuclear arsenals. Other than that there is no evidence of mass extinction any time the poles switch places!
Out there far enough? That is the point!
How about Blackberry’s role in the Ukraine?
Don’t know anything about that… what are they doing?
https://tgdaily.com/technology/blackberrys-work-in-ukraine-doing-good-pays-off/
Why not use some budget to purchase the plan. Then we will know what #3 is. I think it may get many more to subscribe if you advertised this fact!
That would be cheating 🙂
Besides sometimes a member, that does subscribe, posts the (?) answer!
thats why im here to give travis a dose of his own medecine or get some really good ideas for free initially… im here for the lead magnets then ill consider a paid membership I do love dougs idea since what brought me here is….. curiousity! 🙂 new member happy to be here get to know you swashbucklers
Russia will soon win the Ukraine war and Ukraine will be Russian. The Zelenskey and J Biden corruption will be disclosed. The US will have to replenish its military arsenal, so these companies could benefit. Big derecho wind of change is coming. Selah
Because the USA has free speech protection, Putin shills like yourself are not in a US gulag. Were your situation reversed, you would be freezing in Siberia.
Thank TRAVIS for sharing always amazing research, nobody with idea over the 9 shares recommended by AI. IMPACT of investor place?
Would be surprised if they’re not similar to Lango’s SUPRMAN stocks.
Exactly TRAVIS, thank for answer, I guess that the SUPRMAN are the 5 companies in the list of the new 9 companies called AI Impacts AI Revolution, and today they are launching one around $8 but not so much information for discover it. they had a good results with SYM, OCCADO, IONQ, PLTR, C3A.I., I lost IONQ and I am a little worried because some of them are in my modest opinion overvalued, but I know it is the future and I hope I can buy some of them but I like medium cap, $ 2000 millions, $ 4000 millions, or less, any opinion of Rigetti and D-Ware in quantum computers? the best…
I wonder why anyone would want to profit from war i.e. killing folks with obscene human male behavior.
Every investor sets their own moral boundaries. I don’t like war or killing, but don’t mind owning a company that builds aircraft carriers. I won’t buy tobacco companies, but have no such qualms about marijuana or liquor companies. Some people think of stocks as pieces of paper, others as companies that should represent their morals… it takes all kinds.
Here, I share with you over some principles, I don´t buy labs stopping the cancer cure, or buying smallcaps with promising developments for get them out… It will go against my moral, and money is money, it serves but if your sick money will not save your life.
wise words to me anyway. this could also be complete pseudo b/s.. I would not have a clue
Sad part is the additive side of the USofA has killed more people than straight tobacco, besides the marketing making tobacco use something that should be done at least twenty times per day instead of twenty times a year! So how do you feel about the lobbying and marketing firm that did all that for big tobacco, for decades now, spreading all the lies from the petroleum industry about climate change? As the climate will soon dwarf the pain and suffering and death from all the vice perpetrated deaths!
Thx for your views on both C3Ai and Palantir Travis, very useful as ever. Looked at on a 3 yr chart both are displaying classic bath tub shape. I dipped into Palantir a couple of years back and got out again as the stock was dropping fast. When you covered it earlier this year it was about $8 and near the bottom so I rebought, thanks to you. Yep it is sitting at $20 right now and hopefully will continue up. Interesting to hear your view of C3Ai, I got into that stock earlier this year at $17. It is now > $40 and still rising. Reading your comment on that I’ll watch this closely and if it starts droppng I’ll exit quickly
Thanks Davepa, glad you were more nimble with Palantir than I was. C3 has surprised me several times in its short history, so maybe I’m just getting it wrong — we’ll see.
For anyone interested in understanding the actual product that PLTR has, I’d highly recommend watching CodeStrap’s Youtube channel. He is a SW architect by training, and was given a stack by pltr to use at home. He was recently hired as a managing Dir at PWC specifically for their business dealings using palantir. he has a remarkably understandable way of explaining a very complicated product.
As someone who has changed my portfolio to embrace the future of AI I am delighted to see you cover this indusry that will change the world. PLTR recruited the sharpest brains by paying little but offering them stock options. This has made the PLTR genuises millionaires and billionaires. They are the first to benefot from their success. We will follow as PLTR expands globally. I hope you will put your microscope on other companies that will double and triple in value in the coming years. Examples include AEHR, PERI, SPLK, PSTG, SYM , GTLB AND ACLS.
hi, about Ali athea what is liquid intelligence ;
I’m holding on to PLTR and AI….Done well with KOPN too…lots of room to run …
The third stock is “SPLK” . I paid for the disclosure.
that is kind of you brother. Im a new member and see great value in my membership already. I will return the kind favor once i get used to the flow in here!
That sounds a lot like Draganfly (PRO). They’re working in Ukraine helping find kidnapped and lost people, making sure fields are safe to plow by making sure to remove bombs, finding underground bombs, (underground bombs alone would take people 20+ years to find) Russian war machinery… Founded in 1998, small drone company which has the first drone (Commander) in the Smithsonian. It helped find the driver of a crashed car in sub-freezing temperatures. Foun him before he froze to death.
DDOG has done well for me.