$PLTR is a big proportion of my portfolio.

Here are 18 reasons why I am extremely confident:

1. Palantir is becoming increasingly faster in acquiring new customers with Bootcamps. AIP Now will make it even faster.

2. Geopolitical tensions push the need for AI in Defense spending.

3. Big tech results ( $META $GOOG $MSFT $NOW) show AI is real and markets crave AI Revenues.

4. Palantir is not only a "pure AI play", but also (very) GAAP profitable. Scarsity.

5. $NOW results show AI is spreading in the enterprise. Palantir's offering is superior and targeted at solving the most critical use cases for each vertical. NOW's AI solutions look basic.

6. People are still focused on AI Chats, but it is with agents that you really solve use cases. Palantir AIP orchestrates k-agents = 10x superior value proposition.

7. $PLTR's management appears extremely confident in public appearances.

8. @anduriltech, Palantir's client and partner, is breaking into the legacy military complex. This means the DoD is realizing it needs to embrace defense tech to stay competitive.

9. New customers spend on avg $1mn/y. Each of these clients are expected to contribute $3-5mn in a few years, creating a Revenue boost.

10. Growth should approach ~30% in 2025 as the customers acquired in 2023-24 expand driven by the interest in AI growth.

11. Valuation is not “cheap” vs analyst estimates, but these forecasts are relatively pessimistic. Analysts expect 20% growth up to 2026...

12. As Palantir makes more bootcamps it can be more effective in generating conversions. Last quarter we got 44 new customers, 103 deals >$1mn out of ~360 bootcamps.

13. We are starting to see evidence of network effects from PLTR clients making bootcamps on their own.

14. The Partner ecosystem is growing (the latest is Oracle), but still seems relatively untapped. This will be a key driver to reach smaller customers.

15. While there is strong interest for "AI" in the market, there are still no AI IPOs despite AI startups are valued very richly. As Palantir could be taken as a "comp" to price these AI potential IPOs, Wall Street needs Palantir to shine...

16. S&P500 inclusion is closer and closer. Last time $SMCI entered with ~$50bn cap. It’s only a matter of time now. The next possibility is in June.

17. AI models companies like OpenAI, Mistal, and Anthropic are valued at crazy valuations, yet models are already a commodity. Palantir's AIP, being an LLM orchestration layer contributes to the process of commoditization of these models. Models can be switched with a click. Good luck removing AIP when it unlocks much business value...

18. Karp is karping.

What makes you confident?