$Palantir Technologies Inc.(PLTR)$When Palantir was listed it was viewed as a growth prospects with AI analytics services provided to government agencies and commercial organizations using its software tools “to make better decisions to solve companies issues.”
They say Palantir is the next $1 trillion market cap company.
Palantir is a favorite stock of Cathie Wood’s ARKK Invest who see it with future long term exponential growth potential with deep value. However now this month you see Cathie Wood Dumps and sell a big portion $56M of Palantir Shares at its lowest point. Likely making a huge lost with its stocks going down -50% to -70% the pass year.
It sets you thinking, didn’t she say this company have long term exponential growth ? But she dumps a big portion of it now. And looking to switch to better stocks compared to Palantir ?
With articles saying “Palentir’s services is what many companies need, as data analytics has exploded with companies and governments attempt to leverage the ever-growing amounts of data being collected”
The thing is I need to know how does Palantir software work. I understand it does Data mining of clients existing data, then analyse it, provide a solution. But with its secrecy not much people will know how the software actually works.
And Palantir will also need to customize their software for every specific companies, to analyze the particular company, due to how every company operates in a different process … etc.
Because I will want to know how the software is use and how it works. Not those YouTube videos by Palantir advertising it’s services with beautiful graphics… etc. it doesn’t really shows you anything, it only paints a beautiful illusion.
I invest in Google and I understand how Google algorithms works, as I am a SEO practitioner myself. And I use Facebook as a digital marketer and understand how it’s Ads works. Then I will know when to go in and when to exit and quick to know anything happened to the business and find the fundamentals in questions.
With Palantir I will not know when to exit when there is something wrong with its business. Which I will feel very uncomfortable with. I really need to at least use the service or at least really understand how it works before I really invest in the company.
Hype is a good thing for a stock, but only as long as it does not become too detached from reality.
I really admire those that went all-in on Palantir. And DCA con-current every drop the pass year. You people have guts. If it really dominate in the future you guys will be millionaire and have the last laugh.
If I invest in Palantir, I would invest with some good diversification with other stocks. Because Google Cloud or Microsoft Azure can easily comes up with a AI software too, to challenge Palentir.
Take everything we read with substantial skepticism and a healthy grain of salt.
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https://youtu.be/GWvDI4odDsU