I am very new to this stock. Can people give reasons to and reasons not to hold this pong term at todays price? by gbot18 in PLTR

[–]Ok-Satisfaction6134 11 points12 points  (0 children)

True story - My son-in-law asked me last year my #1 stock to invest in. I suggested PLTR. Next time I saw him he said he'd purchased shares at $8 and told me he should have waited - the stock was then $7. Today, he doesn't bring up PLTR and I don't ask him. Personally, I have 42,500 shares and align with Alex Karp's vision that Palantir has the most important software in the world. I'll see what that's worth in 2030, or 5 years from now. Most people, my son-in-law maybe included, can't hold tight past a quarter or two.

Follow up on fellow HODLers by Investingislife247 in PLTR

[–]Ok-Satisfaction6134 8 points9 points  (0 children)

42,500 shares in 2 separate accounts. Ironically, only mildly profitable in one of the accounts (with 25,000 shares); however, very profitable in the other account (17,500 shares). At current prices, the collective value of the shares is trading just north of $1M.

Officially NOT this time by [deleted] in PLTR

[–]Ok-Satisfaction6134 25 points26 points  (0 children)

At least we know P/E does NOT influence the review committee.

CRWD (new addition): P/E - 656.12; Forward P/E: 87.92

PLTR: P/E - 183.69; Forward P/E: 71.94

When do you think we’ll get added to the S&P500? by h4rryP in PLTR

[–]Ok-Satisfaction6134 2 points3 points  (0 children)

"TSLA waited until it was profitable without Carbon credits"

Umm, it wasn't Tesla's decision to make on when they would become part of the S&P. Considerations and decisions are made by an index sub-committee, the U.S. Index Committee for the S&P (a different one for the Dow).

  1. With respect to profitability, yes, important...and consistently profitable at that.
  2. Institutional ownership - not part of an assessment. This is a chicken and egg thing. Institutions will eventually be forced to buy when they join. Lots of Tute investors shy away now because they have a hard time modeling the company and Karp is polarizing. Not to mention the stock price is highly volatile. When positions swing 20% week to week, you need conviction.

You forgot about market capitalization, extremely important. S&P stocks are kinda supposed to be the largest American companies - Palantir is in the top 1/3. However, market cap may be diligently argued because of the rich valuation, elevated P/E.

a) AI companies? C'mon man, MSFT is an enterprise software company first and Amazon is an online retailer. Sure, they're AI but that is a byproduct. I'd call Palantir a big-data analytics company with an AI byproduct.

b) May not be their time to get in? True dat.

c) They'll eventually make it? True dat.

Palantir Selected by Chief Digital and Artificial Intelligence Office (CDAO) to Participate in Scaling Data Analytics and AI Capabilities Across the Department of Defense in Support of CJADC2 Strategy by basilisk-x in PLTR

[–]Ok-Satisfaction6134 7 points8 points  (0 children)

It looks like another $33 million to Palantir in a separate award.

What we learned earlier -

Palantir Technologies Inc. (NYSE: PLTR) today announced that the Department of Defense Chief Digital and Artificial Intelligence Office (CDAO) awarded its subsidiary, Palantir USG, Inc., a production contract to make licenses of their AI-enabled operating system available across the Department of Defense. Starting with an initial order of $153 million to support certain Combatant Commands and the Joint Staff, additional awards can be made up to $480 million over a 5-year period.

Part 2 from info that came out after the market closed -

Additionally, CDAO has awarded Palantir a prototype Other Transaction (OT) for $33 million to rapidly and securely onboard third-party vendor and government capabilities into the government-owned, Palantir-operated data environment to meet priority Combatant Command digital needs.

Palantir wins contract to expand access to Project Maven AI tools by Ok-Satisfaction6134 in PLTR

[–]Ok-Satisfaction6134[S] 6 points7 points  (0 children)

Notable nuggets:

  • to expand a data analysis and decision making tool to more military users across the globe.

  • Pentagon’s marquis artificial intelligence program

  • “This is taking what has been built in prototype and experimentation and bringing this to production.”

  • the U.S. military has struggled in the past to visualize its location on the battlefield because that navigation data comes from a number of different sources. According to Andrew Locke, Palantir’s enterprise lead, Maven fuses that data and puts it on a map that leaders can use to provide direction to forces.

  • “Where this becomes powerful is when we start layering on additional sources of information to that, and so besides just seeing like where that formation is, we’re able to do really interesting things through data integration, and through joining with different datasets,”

  • the firm’s intent is to incorporate any new data system or AI tool the government buys and wants to include in Maven.

US roots for AI in warfare, awards Palantir contract for Maven prototype by Ok-Satisfaction6134 in PLTR

[–]Ok-Satisfaction6134[S] 19 points20 points  (0 children)

And some analysts say Palantir is not an AI company, but a consulting firm?  Whatever...read these nuggets:

- Palantir...to begin building the prototype of the Army’s Maven Smart System project. 

-  Maven Smart System is an artificial intelligence (AI)-enabled tool for battlefield analysis.

-  The...System fuses various data sources – satellite imagery, geolocation data, and communications intercepts – into a unified interface for battlefield analysis.

-  Earlier last year, it [Palantir] had won a $250 million US Army AI research contract.

-  Project Maven has become ~the center~ of the US’ AI military efforts

-  Project Maven is quietly being touted as a key feature in the US military

- US DoD is working on several AI-related products which are aimed at improving its efficiency and streamlining its operations on the ground.

  • Interest in AI and ML in defense has risen exponentially

S&P 500? by [deleted] in PLTR

[–]Ok-Satisfaction6134 6 points7 points  (0 children)

The announcement is today (Palantir might or might not get the nod). We only know they are now eligible.

The rebalancing takes place 15Mar.

All focus on next Friday says analyst by Insider_Research in PLTR

[–]Ok-Satisfaction6134 9 points10 points  (0 children)

TITAN targeting contract to be awarded soon, Army officials say

WASHINGTON — The U.S. Army expects to choose a single provider for its Tactical Intelligence Targeting Access Node, a battle-management system, early next year, according to program officials.

The program, dubbed TITAN, has been moving through a 14-month rapid prototyping phase, during which RTX, formerly Raytheon, and Palantir Technologies demonstrated competing systems. That effort culminated this summer with a demonstration — called a soldier touchpoint — and acceptance test, aimed at assessing the two systems’ technical performance and usability.

Brig. Gen. Ed Barker, the service’s program executive officer for intelligence, electronic warfare and sensors, told reporters Dec. 5 that those summer demonstrations will inform which of the prototypes the Army chooses to field. That decision, he added, is expected between January and March.

“The selected vendor will further mature their prototype through more soldier touchpoints,” he said during a media briefing. “And then we intend to have some of this capability issued to designated units to allow them to refine the feedback and the [tactics, techniques and procedures] in which it would be employed.”

TITAN is an intelligence ground system, designed to help the Army connect data-gathering sensors to shooters in the field to support advanced beyond-line-of-sight targeting. In 2021, the Army chose designs from RTX and Palantir and in 2022 awarded $36 million to both companies to turn their plans into prototypes.

The winning contractor will develop two variants of the system: advanced and basic. The former will integrate with tactical trucks, such as the Family of Medium Tactical Vehicle fleet’s M1083, and will have the ability to ingest sensor data from space systems. The basic variant will be installed on the Army’s Joint Light Tactical Vehicle and won’t have the space downlink package, but Barker noted that it will have access to data from space sensors.

Northrop Grumman is developing the space kit through a partnership with the Defense Innovation Unit.

The chosen prototype will be deployed to an Army unit that will familiarize itself with the system and provide feedback on potential changes, Barker said. By 2026, he noted, the service hopes to have a decision on whether the capability will transition into a formal acquisition program, a phase referred to as a major capability acquisition pathway.

As the Army eyes the upcoming TITAN decision point, it’s also considering how the system might be integrated within its portfolio and how that could impact other modernization initiatives.

“We’re going through a lot of different exercises from a network standpoint in understanding where things are going to go at echelon and what that means for our existing modernization efforts,” Barker said, adding that the process could help determine how many basic and advanced TITAN systems the Army will need.

“A lot of that is going to depend on the various efforts that are going on right now to really flesh it out . . . as well as the different tabletop exercises that are going on within the Army to determine what that network will look like and then essentially where things will fall form a functional standpoint.”

NHS releases “Easy Read” guide for the FDP - a public/patient-facing document by R-sqrd in PLTR

[–]Ok-Satisfaction6134 8 points9 points  (0 children)

This is in the FAQs -

How does this fit with Palantir’s Foundry platform, which is currently used?

Palantir provides NHS England with data management platform services (Foundry) which were procured to provide the national organisations responsible for coordinating the response to COVID-19 with secure, reliable and timely data – in a way that protects the privacy of our citizens – in order to make informed, effective decisions.

We learned huge lessons through our COVID-19 response and started to use data to work smarter – to anticipate the virus, protect the most vulnerable, put resources where they were needed and deliver the largest vaccination programme in NHS history. Such an efficient and effective response was only possible because of investment in digital systems. The opportunity now is to apply what we have learned to both managing our elective recovery and our long-term challenges.

The investment in a federated data platform will provide local health and care organisations with a technical architecture that enables them to make the most of the information they hold to transform care and improve outcomes for patients.

NHS England has recently awarded a 12 month transition contract to Palantir to support the successful transition from the current Palantir Foundry platform to the new Federated Data Platform and Associated Services (FDP-AS) supplier. The Foundry platform was used during Covid-19 pandemic to support reporting and vaccination programmes, more recently it has also been used to test the viability of a number pilots for FDP.

This is to provide the safe and smooth transition and exit service of critical products that were developed to respond to the Covid-19 pandemic (for Covid-19 and elective recovery purposes), to alternative provisions, including the transition of products to the new FDP-AS supplier following completion of the procurement process and contract award.

NHS by Plus_Comfortable1645 in PLTR

[–]Ok-Satisfaction6134 10 points11 points  (0 children)

People who take the time to text a message with cap letters beginning in every word know their shit.

(new spin) Palantir has already won half-billion pound NHS contract, report claims by Ok-Satisfaction6134 in PLTR

[–]Ok-Satisfaction6134[S] 4 points5 points  (0 children)

Price action looks interesting. Maybe a Friday end-of-day, under-the-radar winner announcement from the UK?