Palantir (PLTR) Secures Defense Contract With Red Cat (RCAT)

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Palantir (PLTR) Secures Defense Contract With Red Cat (RCAT)

Insider Monkey12-17

Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up ...

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·12-17
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The same day, Palantir stock was up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palantir-pltr-secures-defense-contract-162701104.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4543","symbol_name":"AI","start_time":0,"source_url":"https://finance.yahoo.com/news/palantir-pltr-secures-defense-contract-162701104.html","article_id":"2492611917","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9dnMvsBd4o2aBwzrAWtbLg--~B/aD03Njg7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/1ff6b7fecb40946a6b0937648ae250a9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492611917","pubTimestamp":1734366421,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. 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The same day, Palantir stock was up 280% for the year, well on its way to becoming the best-performing S&P 500 stock for the year. Now the two companies have combined to strike a deal that will combine their technologies to improve the United States defense system.\nAs part of the deal, Palantir will integrate its Visual Navigation software and artificial intelligence capabilities with Red Cat’s drone technology. This deal will transform autonomous drone warfare, which has become a common element of modern warfare. The resulting drone is small enough to be carried in a backpack while the technology will make it the most capable drone ever deployed by the US. Red Cat shares are up 15% during trading today on the back of the news, while Palantir stock continues to take a breather after a record rally.\n\nPalantir is primarily a software company that is deeply integrated into the US defense thanks to its lead in developing AI technologies. The company’s Gotham platform is used for defense and intelligence purposes while its Foundry platform is designed for commercial applications across healthcare, manufacturing, and finance among other sectors.\nThe company’s primary revenue used to come from government contracts. However, quarter by quarter, the company is making inroads into the commercial sector and reducing its reliance on government contracts. This is one reason for its record rally this year. The company continues to drive significant growth in both the sectors.\nThe valuation of the stock is interesting. The stock continues to be overvalued mainly because of its growth prospects and involvement in AI. While analysts have their eyes on the commercial sector growth, people are discounting the government spending on AI. As China continues to threaten the US global dominance by taking a lead in AI, the US government is bound to spend more and more on AI infrastructure. That’s exactly where Palantir sits. It is ideally placed to capture a big piece of this spending going forward, which is why we are still bullish on the stock.\nPLTR is not on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held PLTR at the end of the third quarter which was 44 in the previous quarter. While we acknowledge the potential of PLTR as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article was originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":382458126004456,"gmtCreate":1734404886152,"gmtModify":1734404890022,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3574547619690492","idStr":"3574547619690492"},"htmlText":"Power up Hohoho&nbsp;","listText":"Power up Hohoho&nbsp;","text":"Power up Hohoho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382458126004456","repostId":2492611917,"repostType":2,"repost":{"id":"2492611917","kind":"highlight","pubTimestamp":1734366421,"share":"https://ttm.financial/m/news/2492611917?lang=&edition=fundamental","pubTime":"2024-12-17 00:27","market":"us","language":"en","title":"Palantir (PLTR) Secures Defense Contract With Red Cat (RCAT)","url":"https://stock-news.laohu8.com/highlight/detail?id=2492611917","media":"Insider Monkey","summary":"Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up 280% for the year, well on its way to becoming the best-performing S&P 500 stock for the year. Now the two companies have combined to strike a deal that will combine their technologies to improve the United States defense system.As part of the deal, Palantir will integrate its Visual Navigation software and artificial intelligence capabilities with Red Cat’s drone technology. This deal will transform autonomous drone warfare, which has become a common element of modern warfare. The resulting drone is small enough to be carried in a backpack while the technology will make it the most capable drone ever deployed by the US. Red Cat shares are up 15% during trading today on the back of the news, while Palantir stock continues to take a breather after a record rally.READ NEXT:$30 Trillion Opportu","content":"<html><body><p>Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up 280% for the year, well on its way to becoming the best-performing S&amp;P 500 stock for the year. Now the two companies have combined to strike a deal that will combine their technologies to improve the United States defense system.</p>\n<p>As part of the deal, Palantir will integrate its Visual Navigation software and artificial intelligence capabilities with Red Cat’s drone technology. This deal will transform autonomous drone warfare, which has become a common element of modern warfare. The resulting drone is small enough to be carried in a backpack while the technology will make it the most capable drone ever deployed by the US. Red Cat shares are up 15% during trading today on the back of the news, while Palantir stock continues to take a breather after a record rally.</p>\n<img height=\"768\" src=\"https://s1.yimg.com/uu/api/res/1.2/tiu0bAmuwkQ_I2Ent.7mCw--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/insidermonkey.com/1ff6b7fecb40946a6b0937648ae250a9\" width=\"1024\"/>\n<p>Palantir is primarily a software company that is deeply integrated into the US defense thanks to its lead in developing AI technologies. The company’s Gotham platform is used for defense and intelligence purposes while its Foundry platform is designed for commercial applications across healthcare, manufacturing, and finance among other sectors.</p>\n<p>The company’s primary revenue used to come from government contracts. However, quarter by quarter, the company is making inroads into the commercial sector and reducing its reliance on government contracts. This is one reason for its record rally this year. The company continues to drive significant growth in both the sectors.</p>\n<p>The valuation of the stock is interesting. The stock continues to be overvalued mainly because of its growth prospects and involvement in AI. While analysts have their eyes on the commercial sector growth, people are discounting the government spending on AI. As China continues to threaten the US global dominance by taking a lead in AI, the US government is bound to spend more and more on AI infrastructure. That’s exactly where Palantir sits. It is ideally placed to capture a big piece of this spending going forward, which is why we are still bullish on the stock.</p>\n<p>PLTR is not on our latest list of the 31 Most <a href=\"https://laohu8.com/S/BPOPN\">Popular</a> Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held PLTR at the end of the third quarter which was 44 in the previous quarter. While we acknowledge the potential of PLTR as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as PLTR but that trades at less than 5 times its earnings, check out our report about the <strong>cheapest AI stock</strong>.</p>\n<p><strong><b>READ NEXT:</b> <b>$30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley</b><b> and </b><b>Jim Cramer Says NVIDIA ‘Has Become A Wasteland’</b><b>.</b></strong></p>\n<p>Disclosure: None. This article was originally published at Insider Monkey.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir (PLTR) Secures Defense Contract With Red Cat (RCAT)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir (PLTR) Secures Defense Contract With Red Cat (RCAT)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 00:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/palantir-pltr-secures-defense-contract-162701104.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palantir-pltr-secures-defense-contract-162701104.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/9dnMvsBd4o2aBwzrAWtbLg--~B/aD03Njg7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/1ff6b7fecb40946a6b0937648ae250a9","relate_stocks":{"BK4543":"AI","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4588":"碎股","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4547":"WSB热门概念","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4127":"投资银行业与经纪业","RCAT":"Red Cat Holdings Inc.","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4023":"应用软件","BK4516":"特朗普概念","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4157":"电子设备和仪器","BK4534":"瑞士信贷持仓","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU0971096721.USD":"富达环球金融服务 A","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","PLTR":"Palantir Technologies Inc.","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H"},"source_url":"https://finance.yahoo.com/news/palantir-pltr-secures-defense-contract-162701104.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2492611917","content_text":"Last month, a small-cap company by the name of Red Cat struck a deal with the US Army to build 5,880 unmanned aircraft systems for them over the next five years. The same day, Palantir stock was up 280% for the year, well on its way to becoming the best-performing S&P 500 stock for the year. Now the two companies have combined to strike a deal that will combine their technologies to improve the United States defense system.\nAs part of the deal, Palantir will integrate its Visual Navigation software and artificial intelligence capabilities with Red Cat’s drone technology. This deal will transform autonomous drone warfare, which has become a common element of modern warfare. The resulting drone is small enough to be carried in a backpack while the technology will make it the most capable drone ever deployed by the US. Red Cat shares are up 15% during trading today on the back of the news, while Palantir stock continues to take a breather after a record rally.\n\nPalantir is primarily a software company that is deeply integrated into the US defense thanks to its lead in developing AI technologies. The company’s Gotham platform is used for defense and intelligence purposes while its Foundry platform is designed for commercial applications across healthcare, manufacturing, and finance among other sectors.\nThe company’s primary revenue used to come from government contracts. However, quarter by quarter, the company is making inroads into the commercial sector and reducing its reliance on government contracts. This is one reason for its record rally this year. The company continues to drive significant growth in both the sectors.\nThe valuation of the stock is interesting. The stock continues to be overvalued mainly because of its growth prospects and involvement in AI. While analysts have their eyes on the commercial sector growth, people are discounting the government spending on AI. As China continues to threaten the US global dominance by taking a lead in AI, the US government is bound to spend more and more on AI infrastructure. That’s exactly where Palantir sits. It is ideally placed to capture a big piece of this spending going forward, which is why we are still bullish on the stock.\nPLTR is not on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held PLTR at the end of the third quarter which was 44 in the previous quarter. While we acknowledge the potential of PLTR as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as PLTR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.\nDisclosure: None. This article was originally published at Insider Monkey.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":2,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}