Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to support counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. Its platforms include Palantir Gotham, which integrates with other systems for defense offerings, enabling users to see, understand, and act in the modern battlespace; Palantir Foundry, a central operating system for organizational data; Palantir Apollo, which delivers software and updates across environments; and the Palantir Artificial Intelligence Platform, which provides unified access to open-source, self-hosted, and commercial large language models. The company has a strategic partnership with Ondas Inc. to develop AI-enabled operational capabilities for stratospheric, aerial, and land-based ISR missions, and strategic collaborations with NVIDIA to run NVIDIA AI and Nemotron open models in sovereign environments, and with PwC to transform critical business operations. Incorporated in 2003, Palantir is headquartered in Aventura, Florida.
Palantir's AI Growth Surges, But Valuation and Europe Risks Loom
▲
Explosive AI-Driven Growth Palantir's Q1 revenue jumped 85% to $1.63B, with U.S. revenue doubling and customer count up 31%, showing strong demand for its AI software.
This is the core positive driver of the period, directly boosting investor confidence.
▲
Major Partnerships and Government Deal New Google Cloud and Zeta partnerships expand commercial reach, while a 10-year, $10B U.S. Army agreement deepens defense ties and improves revenue predictability.
These deals provide tangible growth avenues and long-term revenue visibility.
▲
Strategic Alliances and Raised Guidance An expanded Nvidia partnership targets sovereign AI, and Trump's disclosed stake plus raised 71% growth guidance boost confidence in Palantir's future.
These factors enhance credibility and signal strong forward momentum.
▼
Valuation and European Headwinds Valuation is stretched at 79–128x earnings, leaving little room for error. France dropped Palantir for a local rival, UK and German work is under pressure, and AI-bubble warnings raise doubts.
These risks could trigger a correction and limit upside, providing a necessary counterweight.
Latest
▲3▼1
Palantir Beats Again, Raises Guidance, Expands Sovereign AI Partnerships
▲
Fifth Straight Double Beat, FY26 Guidance Raised to $8.15B Palantir beat sales and profit expectations for the fifth quarter in a row, with revenue up 92% to $1.9 billion. U.S. commercial sales jumped 149%, and management raised full-year revenue guidance to about $8.15 billion. This confirms demand is still accelerating, which supports the stock's high price.
This is the period's biggest new fundamental event and directly drives the stock higher.
▲
AIP Commercial Expansion and 2029 Targets Palantir said its AIP commercial AI business is expanding across healthcare, defense, and manufacturing, and it projected $23 billion in revenue and $10.2 billion in earnings by 2029. That long-term forecast gives investors a concrete growth path, though it requires very fast growth and leaves little room for error.
New long-term financial targets shape how investors value the stock today.
▲
Armada Partnership Extends Sovereign AI to US-Made Modular Data Centers Palantir named Armada its first certified modular data center partner, combining Palantir's Sovereign AI software with US-made modular data centers that customers own and control. This opens a new route to sell to governments and companies that want AI without relying on outside clouds, supporting future revenue.
A new partnership expands Palantir's sovereign AI reach and is a fresh growth driver.
▼
Michael Burry Keeps Betting Against Palantir and the AI Boom Michael Burry replaced his Palantir short with longer-dated put options into 2027, warning the AI buildout may not last. His bearish bet keeps negative sentiment alive and can pressure the stock, especially because Palantir trades at a very high valuation.
This is the main counterweight to the positive news and a recurring risk for the stock.
Q3 2026
▲3▼1
Palantir's Q3: Blowout Earnings, Pentagon Win, But Valuation and Europe Risks Persist
▲
Blowout Q2 Earnings and Raised Guidance Palantir's Q2 revenue jumped 93% to $1.94B, marking a fifth straight earnings beat. Management raised full-year guidance to about $8.15B, signaling confidence in continued rapid growth.
This is the core new financial result that drove investor optimism during the quarter.
▲
Pentagon Maven Program of Record The Pentagon made its Maven AI program a formal program of record, potentially worth $2.3B. This deepens Palantir's defense ties and improves long-term revenue visibility.
A major new government contract win that strengthens Palantir's defense business.
▲
Expanded Nvidia Sovereign-AI Partnership and New Deals Palantir expanded its partnership with Nvidia for sovereign AI and won new commercial and government deals with the Army, FAA, Novartis, and Chipotle, broadening its customer base.
Shows continued commercial momentum and strategic alliances that support future growth.
▼
Extreme Valuation and Europe Headwinds Palantir's stock trades at 67–150 times earnings, leaving little room for error. Michael Burry extended his short into 2027, AI-bubble warnings persist, and France replaced Palantir with ChapsVision while UK scrutiny continues.
These are the main risks that could pressure the stock despite strong operational results.
News & notes movingPLTR
United States
Artificial Intelligence▲2
Palantir and Armada Partner on Sovereign AI Infrastructure
Palantir Technologies and Armada have entered a partnership to provide sovereign AI infrastructure, a move that could expand Palantir's addressable market across enterprise and government AI deployments. Under the deal, Palantir named Armada its inaugural Certified Modular Data Center Partner, integrating its Sovereign AI Operating System with Armada's Galleon modular data centers. The offering lets customers run and adapt open-weight AI models on infrastructure they own and control, with deployments targeted for completion in months rather than years. Financial terms, contract value, and expected revenue contribution were not disclosed.
Artificial Intelligence › AI Data Center & Build-out ▲Technology
Artificial Intelligence › AI Tooling, Data & MLOps ▲Technology
PLTR · Demand · Positive Palantir named Armada its inaugural Certified Modular Data Center Partner, expanding its sovereign AI offering and addressable market
Trump Signs AI Agreement with Big Tech, Plans 10-Member Committee to Oversee Industry
U.S. President Donald Trump revealed that he co-signed an agreement on artificial intelligence with executives of leading technology companies following a luncheon at the White House, stating that the agreement is morally binding, amid growing calls to slow AI development over safety concerns. He also disclosed that the government is considering establishing a 10-member committee to oversee the AI industry and plans to appoint a new senior official in charge of AI policy, or AI Czar, within the next 3 to 4 days. Mike Johnson, Speaker of the U.S. House of Representatives, who co-hosted the event, explained that the agreement takes the form of a statement of principles that the industry voluntarily follows, with the White House playing a role in setting the direction of technology development going forward. Trump confirmed that the government will not order a halt to AI development and will prioritize industry self-regulation alongside oversight mechanisms through existing government agencies such as the Department of Justice and the Federal Bureau of Investigation. The move comes as concerns about rapid AI development intensify in both Washington and Silicon Valley, following an increase in cyberattacks carried out by AI agents, and in the same week that OpenAI announced it was delaying the launch of its latest model, GPT-6.1 Astra, due to safety concerns. Among those calling for a slowdown in AI development are Dario Amodei, CEO of Anthropic, and Sam Altman, CEO of OpenAI, while Lisa Su, CEO of AMD, said after leaving the White House that the meeting gave her a great deal of confidence, and Alex Karp, CEO of Palantir, told CNBC before attending the event that the most important issue is that all parties must be accountable for the dangers of technology they already know about.
AMD · Regulation · Positive AMD CEO Lisa Su said the White House AI meeting gave her great confidence, signaling a favorable self-regulatory policy environment for chipmakers.
PLTR · Regulation · Neutral Palantir CEO Alex Karp attended the White House AI event and stressed accountability for technology dangers, but no concrete company-specific outcome is stated.
OpenAI · Regulation · Neutral OpenAI is cited as delaying its GPT-6.1 Astra launch over safety concerns amid the White House's voluntary AI oversight push, a mixed signal for the company.
Anthropic · Regulation · Neutral Anthropic CEO Dario Amodei is mentioned only as one of those calling for a slowdown in AI development, with no company-specific development.
Palantir CEO Karp to Meet Trump and Johnson on AI Rules as Shares Slip
Palantir Technologies CEO Alex Karp was set to meet President Trump and House Speaker Mike Johnson on Tuesday as the defense and enterprise AI software company stepped into Washington's AI guardrail debate. A Palantir spokesperson confirmed Karp's attendance to CBS News. Shares of Palantir, which trades on the Nasdaq under the ticker PLTR, were down about 1.1% at $185.49 around 11:27 a.m. ET. The company's quarterly filing warns that generative and agentic AI could bring liability, security costs and reputational damage, while stronger safeguards might make its controls more valuable to customers even as they make deployments more expensive. At $185.49, the shares sit 1.87% above GuruFocus's $182.09 GF Value estimate, leaving little room for a vague policy win.
PLTR · Regulation · Neutral CEO Karp is meeting Trump and Johnson on AI guardrail rules, a regulatory development whose outcome for Palantir is unclear.
Burry Shifts AI Shorts to 2027 Puts as Anthropic IPO Filing Shows $42B Loss
Michael Burry has intensified his bearish positioning on AI, converting several stock shorts into long-dated put options as Anthropic prepares for an IPO that could value the company at more than $2T. Anthropic's confidential IPO prospectus reportedly showed revenue jumping to nearly $4.6B in 2025, roughly twelve times the prior year, alongside a net loss of about $42B and an operating loss exceeding $8B. Burry said he covered common-stock shorts in Micron Technology, Nebius Group, Caterpillar, the iShares Semiconductor ETF, CoreWeave, Nvidia, and Palantir Technologies, replacing most of them with puts extending into 2027, and swapped his Oracle short for December 2027 puts while opening a new short in MetLife using longer-dated puts. He attributed part of the repositioning to tax-loss harvesting but said the majority stemmed from weekend research that convinced him the AI bubble could burst sooner than later, prompting him to move his timelines up and seek more leverage. About $34B of Anthropic's net loss came from an accounting charge tied to the valuation of financing instruments that could eventually convert into shares rather than cash operating expenses, while the company spent $7.33B on compute and infrastructure in 2025 and disclosed $518B in future infrastructure commitments.
Anthropic · Capital · Neutral Anthropic's confidential IPO filing reportedly shows revenue near $4.6B but a $42B net loss and $518B in future infrastructure commitments.
NVDA · Capital · Negative Burry converted his Nvidia short into long-dated 2027 puts, intensifying his bearish AI-bubble bet against the stock.
MET · Capital · Negative Burry opened a new short in MetLife using longer-dated puts.
ORCL · Capital · Negative Burry swapped his Oracle short for December 2027 puts as part of his escalated AI-bubble positioning.
PLTR · Capital · Negative Burry replaced his Palantir common-stock short with longer-dated puts, maintaining a bearish bet on the AI-linked name.
CAT · Capital · Negative Burry covered his Caterpillar short but replaced it with long-dated puts, maintaining a bearish bet against the stock.
Michael Burry Warns Trump Cannot Afford AI Buildout to Unravel
Michael Burry is sharpening his warning about the artificial-intelligence boom, arguing that AI infrastructure spending has become so important to the U.S. economy that President Donald Trump's administration cannot afford to see the buildout unravel. In a recent Substack chat, the Big Short investor wrote that Trump and his team know the AI narrative and buildout is the only thing keeping this economy going, and that they cannot afford to let it fall. J.P. Morgan Asset Management estimates AI-related investment contributed about 0.47 percentage points to the 2.1% pace of U.S. real GDP growth over the past year, roughly one-fifth of total growth after adjusting for imported hardware, while hyperscalers are expected to spend nearly $800 billion on capital expenditures this year. Burry has repeatedly questioned whether that spending produces durable returns, and recent reports show him increasing bearish exposure to Micron, Nebius, Palantir and semiconductor stocks. The AI trade is also intersecting with Trump's disclosed investment portfolio, whose accounts reported 1,156 securities transactions in July worth an estimated $79 million to $270 million, including Microsoft and Amazon sales valued between $5 million and $25 million each, followed days later by smaller purchases of both stocks.
Palantir Named in Nvidia AI Agent Safeguards Rollout as Shares Slip 0.9%
Palantir Technologies appeared in Nvidia's September 28 rollout of new safeguards for AI agents, a mention that left the defense and enterprise AI software company's shares down about 0.9% at $187.99 in 10.28am ET trading. Nvidia named Palantir among more than 100 organizations working with the technology, but gave no Palantir-specific deployment or revenue figure. The safeguards pair Nvidia's OpenShell, which sets rules for what an agent may do, with Sentry, which monitors an agent's behavior from a separate hardware layer and can isolate an agent that crosses those limits. Palantir and Nvidia already work together on sovereign AI for critical supply chains, where control over sensitive data and decisions is central to the sale, giving Palantir another security argument for government and regulated customers without yet providing investors a new sales number. At $187.99, the shares sat 3.4% above the chart's $181.80 GF Value estimate, a modest premium that makes named customers and larger contracts more persuasive than a place on a partner list.
Cybersecurity & Digital Trust › AI Security & Agent Guardrails ▲Technology
Artificial Intelligence › Agentic AI & Autonomous Workflows Competition
PLTR · Technology · Neutral Palantir was named in Nvidia's AI agent safeguards rollout, giving it another security argument for government/regulated customers, but no Palantir-specific deployment or revenue figure was provided.
NVDA · Technology · Neutral Nvidia rolled out new AI agent safeguards pairing OpenShell with Sentry, naming Palantir among 100+ partners, but no Nvidia-specific financial impact is stated.
Palantir Technologies delivered a double beat against consensus for the fifth consecutive quarter, with sales of $1.9 billion soaring 92% year over year and earnings climbing 140%. U.S. commercial revenue jumped 149% year over year to $764 million and rose 28% sequentially, while U.S. commercial total contract value hit a record $2.1 billion, up 153% year over year, and U.S. commercial remaining deal value climbed 124% to $6.2 billion. The company raised guidance across many metrics, now expecting FY26 revenue of $8.150 to $8.158 billion, reflecting 82% year-over-year growth, with U.S. commercial demand guided to 134% growth. Current Zacks Consensus EPS estimates point to 115% year-over-year growth in FY26 and an additional 40% in FY27, and the stock carries a Zacks Rank #1 (Strong Buy).
Palantir Expands AIP Deals, Raises Guidance, Partners With Nebius
Palantir Technologies reported continued expansion of its AIP-based commercial AI business across healthcare, defense, and manufacturing, raised full-year revenue guidance on robust demand, and named Nebius its preferred sovereign AI infrastructure partner, integrating Nebius compute into AIP. The company's narrative projects $23.0 billion revenue and $10.2 billion earnings by 2029, requiring 55.1% yearly revenue growth and about a $7.2 billion earnings increase from $3.0 billion today. That forecast yields a $191.68 fair value, in line with its current price. Some of the lowest estimate analysts assumed revenue of about US$17.7 billion and earnings of roughly US$6.3 billion by 2029, yet still saw downside risk. Investors continue to weigh valuation risks, competitive intensity, and concentration of growth in AI-related contracts.
PLTR · Capital · Positive Raised full-year revenue guidance and projected $23.0B revenue/$10.2B earnings by 2029.
PLTR · Demand · Positive AIP commercial AI business expanding across healthcare, defense, and manufacturing with raised full-year revenue guidance on robust demand.
NBIS · Demand · Positive Named Palantir's preferred sovereign AI infrastructure partner, integrating Nebius compute into AIP — a concrete partnership win.
Palantir Lifts Full-Year Revenue Guidance to $8.15 Billion After 93% Q2 Growth
Palantir Technologies raised its full-year revenue guidance to between $8.15 billion and $8.158 billion, up from a prior forecast of $7.65 billion to $7.662 billion, after posting second-quarter revenue of $1.94 billion, a 93% increase from the same period last year. The company's U.S. commercial segment drove much of that expansion, with revenue of $764 million, up 149% year-over-year, while net dollar retention reached 157%. Palantir is also working with Mercury Systems to streamline material planning and factory workflows for large-scale military projects in support of the U.S. Department of War, part of a broader push into healthcare, defense, and manufacturing contracts across Europe, the Middle East, and U.S. federal agencies. Hedge fund ownership of the stock fell from 96 funds in the first quarter of 2026 to 86 funds in the following quarter, according to 13F filings tracked by Insider Monkey, while short interest sits at 2.83%. BlackRock remains the largest institutional stakeholder with 189.82 million shares, or 8.70% ownership, followed by Vanguard Capital Management at 6.70% and State Street Corporation at 4.79%.
PLTR · Capital · Positive Palantir raised full-year revenue guidance to $8.15B after posting 93% Q2 revenue growth.
PLTR · Demand · Positive U.S. commercial segment revenue rose 149% year-over-year with net dollar retention of 157%, reflecting strong end-customer demand.
MRCY · Demand · Positive Palantir is working with Mercury Systems to streamline material planning and factory workflows for large-scale military projects, implying a partnership/contract for Mercury.
D.A. Davidson Raises Palantir Price Target to $250 from $200
D.A. Davidson raised its price target on Palantir Technologies to $250 from $200, citing growing customer interest in AI sovereignty and the company's role in helping organizations manage AI models and data. The new target implies roughly 30% upside from Palantir's closing price of $192.59 on Thursday. Palantir's cooperation with Nvidia is also strengthening its enterprise AI position as customers seek ways to deploy and maintain increasingly complex models. The underlying growth remains strong: second-quarter revenue soared 94% to $1.94 billion from a year earlier, U.S. commercial revenue rose 149%, net dollar retention stood at roughly 157%, and the company lifted its U.S. commercial revenue projection for fiscal 2026 to more than $3.42 billion. Shares have risen 7.7% over the past week but are up only 7.7% for the year, against a 12.6% gain for the S&P 500, leaving the question of how much of that growth is already priced in.
Palantir Falls as CEO Karp Warns AI Liability Could Block IPOs
Palantir Technologies fell about 1.0% to $190.76 at 11.14am ET on Friday after CEO Alex Karp warned that AI liability could deter companies building frontier models from pursuing conventional IPOs. Karp questioned whether an AI lab facing potentially vast legal claims could go public, though his comments were a warning rather than evidence any company has abandoned such plans. Palantir itself acknowledges exposure, saying in its quarterly filing that inaccurate AI outputs or poorly implemented controls could invite legal scrutiny and damage its reputation. At $190.76, the stock trades 5.4% above its $180.98 GF Value estimate, a premium that keeps pressure on the company to show durable renewals, profitable growth and fewer costly failures.
PLTR · Regulation · Negative CEO Karp warned AI liability could deter frontier-model companies from IPOs, and Palantir itself flags legal scrutiny from inaccurate AI outputs as a risk.
Anthropic Seeks Palantir-Style Founder Control Ahead of Potential $2 Trillion IPO
Anthropic is seeking shareholder approval for a governance structure that would give CEO Dario Amodei and his six co-founders a combined 50.1% of voting power ahead of a potential blockbuster IPO. The proposal would create a special class of shares giving the seven founders control over most corporate matters, provided at least three of them continue to hold a minimum number of shares, modeled on Palantir's founder-control system. The founders would not, however, control the election of Anthropic's board members, and the company also plans to give employees a separate class of stock that could serve as a tie-breaker on some corporate matters. The Claude maker is preparing for a potential public listing that could value it at around $2 trillion, potentially among the largest IPOs ever attempted, with Morgan Stanley and Goldman Sachs expected to play leading roles. Anthropic's IPO timing remains fluid, with recent reporting putting a potential launch around October or later.
Palantir and Nebius Announce Strategic AI Infrastructure Partnership
Palantir Technologies and Nebius Group announced a strategic partnership on September 8 to bring Nebius's AI-native compute infrastructure into Palantir's commercial platform. Palantir designated Nebius as its preferred sovereign AI infrastructure partner, integrating Nebius compute and inference endpoints directly inside the Palantir enterprise perimeter. The alliance allows commercial clients to deploy open AI models and run compute-heavy workloads while maintaining strict control over proprietary data, and the companies will also collaborate on modular data center deployments to rapidly scale compute capacity where power is available. For Palantir, the deal provides dedicated high-performance compute capacity supporting its rapid U.S. commercial expansion and 157% net dollar retention rate, while for Nebius it validates its full-stack AI cloud infrastructure and unlocks direct access to Palantir's enterprise customer base. The partnership carries execution and capital risks for both sides, with Palantir facing higher hosting and delivery expenses and Nebius remaining subject to persistent EBIT losses and negative free cash flow as it aggressively builds out data centers and acquires GPUs.
Artificial Intelligence › AI Data Center & Build-out ▲Demand
Cloud & Digital Infrastructure › Data Platforms & Analytics Technology
NBIS · Demand · Positive Palantir designates Nebius as preferred sovereign AI infrastructure partner, unlocking direct access to Palantir's enterprise customer base.
PLTR · Supply · Positive Partnership provides Palantir dedicated high-performance compute capacity to support its rapid U.S. commercial expansion.
Rosenblatt Sees Larger FAA Role for Palantir as AI Air-Traffic System Goes Live
Rosenblatt analyst John McPeake says Palantir Technologies could be positioned for a much larger opportunity inside the Federal Aviation Administration as the agency begins putting artificial intelligence into live air-traffic operations. The latest catalyst is the FAA's rollout of its AI-powered Strategic Management of Airspace, Routes and Trajectories system, or SMART, at the three major airports serving Washington, D.C., the first live U.S. operation of the technology, designed to identify congestion and other airspace problems before they develop. McPeake argues investors should not view the broader modernization effort as a winner-take-all contest between Palantir and Aviation Systems International: ASI won the flight-operations portion of the program through an $875 million, 12-year contract, while Palantir is positioned around safety, analytics and data integration, potentially expanding a government relationship that began with an $18 million contract in 2021. The FAA's fiscal 2027 performance plan specifically identifies Palantir's Foundry as a platform for integrating safety data and applying AI and machine learning to aviation risks, and McPeake sees the possibility of substantially higher FAA spending in 2027, particularly around the ASKME program. The opportunity arrives as Palantir's government revenue grew 79% year over year in the second quarter of 2026, while commercial revenue rose 110%, including 149% growth in U.S. commercial sales; McPeake reiterated a Buy rating and $225 price target, implying about 19% upside, against an average analyst target of $201.74 implying roughly 5% upside.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Demand
Smart City / Autonomous Infrastructure › Geospatial, BIM & Urban Digital Twin Technology
PLTR · Demand · Positive FAA's SMART system going live and fiscal 2027 plan naming Palantir's Foundry point to a potentially much larger FAA opportunity, expanding its government business.
PLTR · Capital · Positive Rosenblatt reiterated a Buy rating and $225 price target on Palantir, citing the FAA opportunity.
Aviation Systems International · Competition · Neutral ASI won the $875 million flight-operations contract, but the article frames the modernization as not winner-take-all and gives no clear directional read on ASI.
Palantir CEO Karp Warns AI Liability Could Force Government Stakes
Palantir Technologies CEO Alex Karp raised the prospect that massive legal claims could eventually force governments to protect or even take ownership stakes in frontier AI laboratories, pushing legal liability into the debate over frontier AI listings. Shares of the defense and enterprise-AI software company slipped about 0.3% to $191.18 at 10.36am ET on Thursday morning. Palantir's own quarterly filing acknowledges that failures involving generative or agentic AI could trigger liability, regulatory scrutiny and reputational damage. The company can still position itself as the controlled deployment layer rather than a creator of frontier models, but that advantage must be proven through enforceable authorization limits, visible audit trails and contracts that contain customer risk. At $191.18, the stock trades 5.8% above its GF Value estimate of $180.69, suggesting investors already expect Palantir's governance edge to translate into durable growth.
Artificial Intelligence › Agentic AI & Autonomous Workflows Regulation
PLTR · Regulation · Neutral CEO Karp warns that massive AI legal liability could force government stakes in frontier AI labs, highlighting regulatory/liability risk that Palantir's own filing acknowledges could hit it.
Surf Air Mobility Names Ex-Palantir Executive to Lead Palantir-Powered SurfOS
Surf Air Mobility has appointed former Palantir executive Barrett Brown as President of SurfOS, a Palantir-powered platform for commercial aviation software. SurfOS is positioned as Surf Air Mobility's operating system for airline and aircraft partners, with Palantir's software underpinning its data and AI capabilities. The move comes as investor Michael Burry has expanded short positions that include exposure to Palantir, signaling prominent skepticism toward parts of the current AI and semiconductor rally. Palantir builds software platforms for intelligence and data-heavy customers, and its tools already handle complex, security-sensitive workflows resembling those airlines and aircraft operators manage daily. The clearest thing to track next is whether SurfOS converts into new, disclosed commercial agreements relying on Palantir AIP or Foundry over the next few earnings reports.
Artificial Intelligence › Agentic AI & Autonomous Workflows Competition
SRFM · Technology · Positive Surf Air Mobility named ex-Palantir executive Barrett Brown to lead its Palantir-powered SurfOS aviation software platform.
PLTR · Demand · Neutral Surf Air Mobility's Palantir-powered SurfOS platform relies on Palantir AIP/Foundry, a potential new commercial channel, but no disclosed agreement yet.
PLTR · Capital · Negative Michael Burry expanded short positions with exposure to Palantir, signaling prominent skepticism toward the AI rally.
Michael Burry Warns $3 Trillion in Off-Balance-Sheet AI Commitments Threaten Big Tech Revenue
Investor Michael Burry warned that the hyperscalers leading the AI boom are amassing $3 trillion in financial commitments that are not reflected on their balance sheets. In a Sept. 19 Substack post, Burry said these liabilities are "in essence, in hypergrowth mode," singling out Amazon, Meta Platforms, Alphabet, Microsoft and Oracle for proceeding with enormous capital expenditures. Alphabet leads the group with $811 billion in planned spending and contractual obligations spanning memory chips, data centers and electricity generation. The $3 trillion total comprises $1.2 trillion in future lease commitments and $1.5 trillion in commitments to purchase AI-related hardware and equipment, which can stay off a firm's balance sheet until the products reach the hyperscalers and each party fulfills its obligations under current accounting rules, plus guarantees and financial backstops. Burry warned that a financial miscalculation risks blowing a hole in a blue-chip tech company's revenue, saying that "when the music's over, these off-balance sheet commitments become real liabilities very quickly." He has also raised concern about a misalignment between the typical five-to-15-year lifespan of wholesale data center leases and the annual introduction of new AI chips with different energy specifications, which could leave hyperscalers on the hook for unplanned upgrades. Burry announced an increase in his short positions on Tuesday, taking positions against Micron Technology, Palantir and Nebius, after earlier bets against Applied Materials, Tesla and Caterpillar.
Artificial Intelligence › Agentic AI & Autonomous Workflows Capital
AMZN · Capital · Negative Burry warns Amazon's massive off-balance-sheet AI capex and lease commitments could become real liabilities that blow a hole in revenue.
GOOG · Capital · Negative Alphabet leads the group with $811 billion in planned spending and contractual obligations that Burry says threaten Big Tech revenue.
META · Capital · Negative Burry singles out Meta for proceeding with enormous capex and amassing off-balance-sheet AI commitments that risk becoming real liabilities.
MSFT · Capital · Negative Burry warns Microsoft's massive off-balance-sheet AI capex commitments could become real liabilities and blow a hole in revenue.
MU · Capital · Negative Burry announced increased short positions against Micron Technology.
NBIS · Capital · Negative Burry announced increased short positions against Nebius.
Palantir Hits One-Year High on $48.1 Million Army Contract, AI Deals
Palantir Technologies shares climbed more than 3% Wednesday and moved above $190, their highest level in nearly a year, as new government contracts and expanding AI deployments added to the stock's momentum. The latest boost came from the U.S. Army, which awarded Palantir a $48.1 million contract to build an enterprise ammunition-management system that will replace nine older systems with a single platform. The stock has gained 69% over the past three months, helped by stronger-than-expected results and growing adoption of its Artificial Intelligence Platform. Palantir is also expanding overseas, with CEO Alex Karp meeting the presidents of Poland and Lithuania this week to discuss potential technology investments, and the company announcing partnerships with Nvidia, Nebius and Method Security, plus a separate deal with Fujitsu aimed at expanding its software across enterprise networks in Japan. The FAA recently began using Palantir's AI-powered SMART system at three Washington-area airports to identify congestion and other problems before they develop, and Rosenblatt analyst John McPeake reiterated a Buy rating and a $225 price target, citing additional FAA opportunities.
Burry Adds Shorts in Palantir, Nebius and Micron as Chip Tape Splits
Investor Michael Burry disclosed he added "in some size" to short positions in Micron Technology, Nebius Group and Palantir Technologies, along with the iShares Semiconductor ETF, in a Tuesday Substack post, and the tape split his list rather than confirming it evenly. Palantir stock is at $188.33, up 2% in Wednesday morning trading, while Nebius stock is at $231.84, down 2%, and Micron stock is at $1,082.32, down 1%. The iShares Semiconductor ETF is down 1% and the Invesco QQQ Trust is down 0.3%. Burry's stated case is a memory-supply case: he said memory producers had run up to "ridiculous prices for what they are and will sell down intensely on the other side," citing Acer chairman and chief executive Jason Chen, who said certain advanced memory products remain scarce while older-generation memory has more sellers than buyers and pointed to expanding, lower-priced Chinese production as a challenge to expectations of sustained price increases. Burry also warned that the NASDAQ 100 Index remains heavily concentrated and said he expects money to rotate out of semiconductor stocks, though he stopped short of calling a market top. The size of the positions wasn't disclosed, and no share count or dollar value has been attached to any of them.
MU · Supply · Negative Burry added a short position in Micron, arguing memory producers ran up to ridiculous prices and will sell down intensely as Chinese production expands and older memory has more sellers than buyers.
NBIS · Capital · Negative Burry disclosed adding a short position in Nebius Group, and the stock fell 2% in Wednesday trading.
PLTR · Capital · Neutral Burry added a short position in Palantir, but the stock rose 2% and the article gives no company-specific driver beyond the short disclosure.
2353.TW · Supply · Neutral Acer's chairman is cited as saying advanced memory remains scarce while older memory has more sellers than buyers, but Acer itself is only a passing source, not a subject of the news.
Palantir's AI Sovereignty Push Wins DA Davidson Upgrade as Wall Street Warms
DA Davidson analyst Gil Luria raised his price target on Palantir Technologies from $200 to $250, citing the company's AI sovereignty strategy unveiled at its AIPCon 11 event, which focused on model-agnostic, auditable AI systems rather than new models or compute partnerships. Palantir expects U.S. commercial revenue to exceed $3.424 billion for FY2026, representing growth of at least 134% from a year ago, and the company has achieved consistent GAAP profitability, a rare distinction among high-growth software peers. The stock trades at more than 110x forward earnings, leaving zero margin for error, and two risks the upgrade does not address are federal spending exposure under a budget-cutting environment and continued dependence on large customers, with its top three customers accounting for 16% of revenue in the first half of 2026. Hedge fund exposure cooled, with the number of funds holding Palantir falling from 96 in Q1 2026 to 87 in Q2 2026, a 9% drop, while short interest sits around 3.0%, with 65.13 million shares sold short as of August 31 and 1.44 days to cover. Competitors including Microsoft, AWS, and Google are building model-agnostic development layers with the advantage of an enterprise infrastructure stack, and time will tell whether Palantir's strategy translates into durable competitive separation.
Palantir Q2 Revenue Jumps 92.83% as Valuation Debate Intensifies
Palantir Technologies reported second-quarter revenue growth of 92.83% year-over-year to $1.935 billion, with adjusted profits per share of $0.41 beating the $0.28 consensus estimate. U.S. commercial sales jumped 149%, underscoring demand for the company's AI software, while the stock has risen more than 60% from its June low of $106.37 to a recent $207.52. That surge has put valuation back at the center of the debate, with the shares trading around $183.03 in the most recent report against a 12-month price target of $185.99 set by 24/7 Wall St. CEO Alex Karp said he expects sovereign AI demand to buoy growth in line with or above the U.S. commercial business over the next 18 months, and analysts logged 26 positive revisions to fiscal 2027 EPS projections in the prior 30 days with no lower revisions. The next catalyst will be whether Palantir can keep expanding its commercial business and profitability at a high pace while the stock's value remains elevated.
Rackspace Technology Joins NVIDIA Cloud Partner Program
Rackspace Technology, Inc. announced in September 2026 that it had joined the NVIDIA Cloud Partner Program, enhancing its ability to deliver NVIDIA accelerated computing and governed AI cloud services for regulated and sovereign enterprises. A key outcome of the move is Rackspace's Institutional Sovereign Pod, which combines NVIDIA Blackwell, Palantir Foundry and AIP in a governed environment intended to keep enterprise data, models and AI operations under tighter control. The partnership follows the June 2026 announcement of a 30 MW AMD Instinct GPU build out in Rackspace data centers, and together the two moves frame a bolder AI infrastructure story for the company. Rackspace's narrative projects $2.8 billion revenue and $218.6 million earnings by 2029, requiring 1.1% yearly revenue growth and a $364.6 million earnings increase from -$146.0 million today, with a $4.90 fair value implying 21% upside. Some of the lowest ranked analysts had assumed only about 1.5% annual revenue growth and continued losses, warning that automation could shrink Rackspace's managed services opportunity even as the NVIDIA partnership might prompt them to revisit those pessimistic views.
Artificial Intelligence › AI Server OEM & System Integration Competition
RXT · Capital · Positive The article cites Rackspace's projected $2.8B revenue and $218.6M earnings by 2029 with a $4.90 fair value implying 21% upside.
RXT · Demand · Positive Rackspace joined the NVIDIA Cloud Partner Program and launched its Institutional Sovereign Pod to deliver governed AI cloud services.
NVDA · Demand · Positive Rackspace joined the NVIDIA Cloud Partner Program to deliver NVIDIA accelerated computing and Blackwell-based AI cloud services.
PLTR · Demand · Positive Palantir Foundry and AIP are combined into Rackspace's Institutional Sovereign Pod, embedding Palantir in a new governed AI offering.
Palantir CEO Alex Karp Says AI Giants May Never IPO, Urges Nationalization
Palantir chief executive Alex Karp said in a September 17 interview with CNBC that the biggest names in artificial intelligence may never hold initial public offerings and should instead be nationalized to shield them from liability. "These businesses have to be nationalized because if you don't nationalize it, every single one of [their] clients is going to sue," Karp said, arguing that firms building machine learning systems that could "destroy 10% of the world" carry civil and criminal liability. Asked how such liabilities would be disclosed if OpenAI ever filed for an IPO, Karp replied, "You're assuming there will be an S-1… [but] the only way to deal with this kind of liability is to go to the government and say, 'nationalize us, please!'" He also called on the Federal Reserve to impose a framework for greater civil and criminal punishments when AI developers "aren't being responsible." The remarks echo earlier proposals from OpenAI CEO Sam Altman, who a year ago floated granting Washington a 5% stake in OpenAI and has backed a public wealth fund letting everyday people share in AI-driven growth, an idea also raised by Senator Bernie Sanders.
Artificial Intelligence › Foundation Models & Research Labs Regulation
PLTR · Regulation · Neutral Karp, Palantir's CEO, calls for nationalizing AI giants and for Fed-imposed civil/criminal liability framework for AI developers.
OpenAI · Regulation · Neutral Karp says OpenAI-style AI firms may never IPO and should be nationalized to shield them from liability; Altman's prior 5% stake proposal is cited as context.
Cathie Wood's Ark Invest Buys $24.7 Million of CoreWeave, Trims Bitcoin ETF
Cathie Wood's Ark Invest added heavily to CoreWeave while cutting several other AI and technology positions last week. Ark bought about 239,000 shares of CoreWeave, the AI cloud infrastructure provider, worth roughly $24.7 million, and also added about $7.25 million of Meta Platforms shares. The purchases came alongside sales of about $5.9 million of Palantir, $10 million of Advanced Micro Devices, $13.1 million of Alphabet and $6.5 million of Shopify. Outside technology, Ark bought about $8.9 million of Ionis Pharmaceuticals and $9.3 million of Guardant Health while cutting $21.8 million of 10x Genomics. Its largest single sale was 1.53 million shares of the ARK 21Shares Bitcoin ETF, worth about $39.8 million, and it also reduced positions in Circle and Coinbase.
Palantir $5,000 Stake Modeled at $4,629 to $8,161 by 2031
A $5,000 investment in Palantir Technologies could be worth between $4,629 and $8,161.50 by 2031 under a five-year scenario model built on current data. The base case projects shares at $217.44 for a 23.62% total return and a stake of about $6,181, the bull case targets $287.10 for a 63.23% return and $8,161.50, and the bear case puts the stock at $162.84 for a 7.42% loss and $4,629. Palantir posted second-quarter 2026 revenue of $1.935 billion, up 92.83% year-over-year, with a Rule of 40 score of 155 and adjusted free cash flow of $1.22 billion at a 63% margin, and management raised full-year 2026 revenue guidance to $8.150 to $8.158 billion. Total remaining deal value reached $13.1 billion, up 83%, net dollar retention expanded to 157%, and CEO Alex Karp said demand for AI sovereignty has been unleashed. The stock trades near $175.91 at a P/E of roughly 250 and a beta of 1.621, and the model carries a 0.9 confidence score with a hold recommendation.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Demand
PLTR · Capital · Positive Palantir posted Q2 2026 revenue up 92.83% YoY with 63% FCF margin and raised full-year revenue guidance, driving the modeled upside scenarios.
PLTR · Demand · Positive Total remaining deal value rose 83% to $13.1B and net dollar retention expanded to 157%, with CEO Karp citing unleashed AI sovereignty demand.
Palantir Appoints Ex-Labour Deputy Tom Watson as UK Senior Vice President
Palantir Technologies has appointed former Labour deputy leader Tom Watson to a senior executive role in the UK as the company faces mounting criticism that could jeopardize a major contract. The veteran politician, who left the House of Commons in 2019, will serve as Palantir's UK senior vice president, the software developer and major military vendor said on Friday. In that role, Palantir said he will lead efforts to make sure public contracts support British jobs across the entire country, a key priority of Prime Minister Andy Burnham. Watson has been an adviser to Palantir since 2024.
Palantir Rises as Thales Pitches Sovereign European AI Command Platform
Palantir Technologies shares gained approximately 1.2% to $176.455 Thursday as Europe's push for sovereign military AI took center stage. NATO has already selected Palantir's Maven Smart System for headquarters operations, but European defense giant Thales is pushing Hexaforce as a sovereign command platform designed to operate without U.S. ITAR restrictions. Thales CEO Patrice Caine said Palantir currently addresses only a limited slice of NATO's broader requirements, while stopping short of arguing that Hexaforce can replace Palantir outright. Thursday's presentation disclosed no lost Palantir contract, replacement decision or competitor revenue win. The stock trades just 1.14% below its GF Value of $178.49, leaving it close to GuruFocus' estimate of fair value.
HO.PA · Competition · Neutral Thales pushes Hexaforce as a sovereign command platform, but the article reports no contract win or revenue gain for Thales.
PLTR · Competition · Neutral Thales pitches Hexaforce as a sovereign European AI command platform, but no lost Palantir contract or replacement decision was disclosed, leaving the competitive impact unclear.
Chipotle Builds Food Safety Platform on Palantir Foundry
Chipotle Mexican Grill is building a food safety risk platform on Palantir Technologies' Foundry software, according to WIRED. The platform appears to analyze health department scores, pest incidents and employee illnesses to assign each store a food safety score, and Chipotle confirmed the work, with chief corporate affairs and food safety officer Laurie Schalow saying the company is piloting a new Food Safety Risk Management Platform designed to provide a more consistent and centralized view of food safety risk across its restaurants. The move follows a turbulent period in which the FDA has identified more than 12,800 illnesses tied to foodborne outbreaks so far this year, and Chipotle stopped serving jalapenos from one supplier in July after a salmonella outbreak that went on to sicken more than 430 people. Palantir already sells into the sector, counting Tyson, General Mills and the independent purchasing co-op for Wendy's among its customers, with corporate work now accounting for nearly half its US business and US commercial revenue up 149% to $764 million last quarter. Chipotle shares were up 0.65% and Palantir 0.73% premarket.
Artificial Intelligence › AI Applications & Copilots Demand
CMG · Technology · Positive Chipotle is piloting a new Food Safety Risk Management Platform built on Palantir Foundry to centralize food safety risk across its restaurants.
PLTR · Demand · Positive Chipotle is adopting Palantir's Foundry software for its food safety platform, a concrete new customer deal.
Surf Air Mobility Signs First OperatorOS Contract With Sprintbach Aviation
Surf Air Mobility Inc. has signed a definitive agreement with Sprintbach Aviation for OperatorOS, its SurfOS flight operations software for Part 135 operators powered by Palantir Technologies, marking the official commercial launch of the product. The contract is the company's first commercial OperatorOS agreement and will contribute to its goal of having five operators live on OperatorOS by the end of 2026, with Surf Air Mobility earning a percentage of revenue for all Sprintbach flights managed through the software. OperatorOS is designed to manage aircraft and crew scheduling, flight management, reporting, and distribution for Part 135 operators, and has been used internally to run Surf Air Mobility's own airline operations, Southern Airways and Mokulele Airlines, since 2025. The system was recently approved by the Federal Aviation Administration as an authorized system of record for electronic signatures and recordkeeping. Sprintbach currently operates 9 aircraft with 16 pilots on staff, and OperatorOS will help it streamline and optimize aircraft and crew scheduling, generate actionable insights and clearer visibility into its operations, and reduce manual processes from a single AI-enabled software solution.
Cloud & Digital Infrastructure › Vertical SaaS Technology
SRFM · Demand · Positive Surf Air Mobility signed its first commercial OperatorOS contract with Sprintbach Aviation, launching the product commercially and adding a revenue-sharing operator.
Sprintbach Aviation · Demand · Positive Sprintbach Aviation is the first operator to sign for OperatorOS, adopting the software to streamline its aircraft and crew scheduling.
PLTR · Demand · Positive Surf Air's OperatorOS flight-ops software is powered by Palantir Technologies, giving Palantir a role in the product's first commercial contract.
Palantir Names Nebius Preferred Sovereign AI Cloud Partner
Palantir Technologies and Nebius Group announced a partnership on 8 September 2026 making Nebius Palantir's preferred sovereign AI infrastructure provider, integrating Nebius' AI-native cloud and inference endpoints into Palantir's commercial perimeter to give eligible customers more control over compute, data, and models. The alliance positions Nebius as an AI-first cloud platform built for demanding AI workloads and could broaden its reach through Palantir's enterprise distribution and modular data-center deployments. The news comes alongside Nebius' first senior secured debt facility of about US$775.0 million, backed by GPU assets and contracted cash flows, underscoring how the company is funding and filling significant new capacity. Nebius Group's narrative projects $30.3 billion revenue and $2.4 billion earnings by 2029, with a $312.67 fair value implying 49% upside to its current price, while some of the lowest ranked analysts had assumed heavy spending would keep Nebius unprofitable even with revenue reaching about US$19.1 billion by 2029. The Palantir deal strengthens Nebius' case as a sovereign AI provider and could reinforce near-term demand visibility, but it does not remove the key near-term risk around heavy capital spending and the company's ability to translate rapid revenue growth into sustainable margins.
Cloud & Digital Infrastructure › Mega-cap Hyperscalers Competition
Artificial Intelligence › Agentic AI & Autonomous Workflows Competition
NBIS · Demand · Positive Named Palantir's preferred sovereign AI cloud partner, integrating Nebius' AI cloud and inference endpoints into Palantir's commercial perimeter, broadening reach and demand visibility.
NBIS · Capital · Neutral First senior secured debt facility of about $775M backed by GPU assets funds new capacity but underscores heavy capital spending and margin risk.
PLTR · Demand · Positive Palantir secures Nebius as preferred sovereign AI infrastructure provider, giving eligible customers more control over compute, data, and models.
Longtime technology analyst Daniel Ives doubled down on his call that Palantir Technologies could eventually become a $1 trillion company, a valuation that would require roughly 141% upside from the AI software company's current $414.7 billion market value. Ives reiterated the view at the Future Proof Conference in Huntington Beach, California, having previously argued in April that Palantir could reach a $1 trillion valuation within two to three years. The thesis rests on Palantir sustaining extraordinary commercial growth, and recent results support the optimism: second-quarter revenue surged 93% year over year to $1.94 billion, U.S. commercial revenue jumped 149% to $764 million, and overall commercial revenue increased 110%. Management raised its 2026 revenue outlook to between $8.15 billion and $8.158 billion, implying roughly 82% growth at the midpoint, with U.S. commercial revenue expected to increase at least 134%. UBS analyst Karl Keirstead recently lifted his price target to $250 from $220 while maintaining a Buy rating, though the stock trades at roughly 78 times forward earnings and more than 72 times trailing sales, leaving little room for execution mistakes.
Palantir Presses Anthropic for Zero-Data-Retention Guarantee as AI Data Control Fight Escalates
Palantir has pressed Anthropic for an irrevocable zero-data-retention guarantee before allowing Anthropic models to be made accessible through Palantir's software, according to Reuters, citing The Information. The demand is aimed at contractual certainty that sensitive prompts, usage data and outputs cannot later be retained, repurposed or exposed through policy changes. The dispute intensified after Anthropic changed the policy for its Fable model in June, allowing companies to retain usage logs for 30 days to defend against attacks, a move that drew customer pushback. Nvidia has reportedly limited Anthropic models to less-sensitive tasks while using its own Nemotron models for internal work, and Booz Allen has barred Anthropic's commercial model from specific proprietary cybersecurity activities. The development strengthens part of Palantir's growth thesis, which centers on becoming the layer that determines how models interact with sensitive corporate data, though the stock trades at a market cap of nearly $400 billion and around 143-times trailing earnings after surging over 50% in August. Palantir's Q2 sales surged 93% to $1.94 billion, U.S. commercial revenues were up 149%, and adjusted operating margins reached 62%, with management expecting nearly $8.15 billion in 2026 sales.
Artificial Intelligence › AI Applications & Copilots Competition
PLTR · Demand · Positive Palantir pressing Anthropic for a zero-data-retention guarantee strengthens its thesis as the layer governing how models touch sensitive corporate data.
Anthropic · Regulation · Negative Anthropic faces customer pushback and demands for contractual data-retention guarantees after changing its Fable model policy to allow 30-day log retention.
BAH · Competition · Negative Booz Allen barred Anthropic's commercial model from specific proprietary cybersecurity activities, a data-control restriction tied to the dispute.
NVDA · Competition · Negative Nvidia reportedly limited Anthropic models to less-sensitive tasks while using its own Nemotron models internally, reflecting the data-control fight.
Palantir's Q2 2026 revenue grew 92.8% year-over-year to $1.935 billion, with U.S. commercial revenue up 149% and GAAP net income of $1.06 billion, up 225% year-over-year. Management raised FY2026 revenue guidance to $8.15 to $8.158 billion, representing 82% year-over-year growth, and adjusted free cash flow guidance to $4.5 to $4.7 billion. FY2027 EPS consensus climbed from $2.07 ninety days ago to $2.33, with 26 upward revisions and zero cuts in the past 30 days, while management guides U.S. commercial revenue above $3.424 billion, or 134% growth. Shares trade at $172.56, roughly 148x trailing earnings and 68x sales, against a consensus target of $195.73 from 32 covering analysts. The next test is Q3 2026 earnings, where consensus calls for $0.41 EPS on $2.18 billion in revenue.
Palantir and Nvidia Restrict Anthropic AI Over Data Retention
Palantir and Nvidia have reportedly tightened restrictions around Anthropic's advanced AI models over data-retention concerns, with Palantir demanding irrevocable zero-data-retention guarantees before making the models available through its software and Nvidia limiting Claude to less-sensitive internal work. Palantir's September 10 sovereign-AI push with Nvidia uses Nvidia Nemotron open models and customer-controlled infrastructure, while Anthropic said on September 1 it would roll out Enterprise Frontier Safeguards later this fall, storing data in customer-controlled cloud infrastructure with zero-data-retention protections. Microsoft's Sovereign Private Cloud can run large AI models in fully disconnected, customer-controlled environments, a proposition it expanded with Mistral on July 21, though Microsoft also offers Anthropic models across Copilot and Foundry and says Anthropic models used in its online services are excluded from some in-country processing commitments and unavailable in certain sovereign-cloud environments. Palantir's second-quarter U.S. commercial revenue rose 149%, and Insider Monkey tracked 86 hedge funds long PLTR in the second quarter of 2026, down from 96 in the first quarter, while 273 hedge funds held reportable MSFT longs in the second quarter, down from 282. Short positioning is more pointed in Palantir, with 65.13 million shares sold short as of August 31, 3.00% of float, and 2.2 days to cover.
Artificial Intelligence › AI Compute & Accelerator Silicon Competition
Artificial Intelligence › AI Applications & Copilots Competition
Anthropic · Regulation · Negative Anthropic's advanced AI models face tightened restrictions from Palantir and Nvidia over data-retention concerns.
PLTR · Demand · Positive Palantir demanded irrevocable zero-data-retention guarantees and pushed sovereign AI with Nvidia, while its Q2 U.S. commercial revenue rose 149%.
NVDA · Regulation · Negative Nvidia limited Anthropic's Claude to less-sensitive internal work over data-retention concerns, restricting use of its AI models.
MSFT · Competition · Neutral Microsoft's Sovereign Private Cloud can run large AI models in disconnected customer-controlled environments, positioning it against Palantir/Nvidia sovereign-AI push, though it also offers Anthropic models.
Palantir, Nvidia, Booz Allen Restrict Anthropic and OpenAI Models Over Data Protections
Palantir Technologies, Nvidia, and Booz Allen Hamilton are restricting or threatening to drop advanced AI models from Anthropic and OpenAI unless the labs provide stronger data protections, according to Reuters. Palantir has pressed Anthropic to guarantee zero data retention before making its models available through Palantir's software, while Nvidia limits Anthropic's models to less sensitive internal tasks and prefers its own Nemotron models for proprietary work, and Booz Allen has forbidden staff from running Anthropic's commercial model on cybersecurity projects touching proprietary data. The pushback intensified after Anthropic introduced a 30-day data retention policy in June tied to the rollout of its Fable 5 model, saying it needed usage logs to detect sophisticated attacks that unfold across multiple sessions, though the company said it would not use the retained data to train its models. Anthropic responded by announcing Enterprise Frontier Safeguards, which lets enterprise customers store activity data in their own cloud infrastructure, including Amazon S3, Azure Blob Storage, or Google Cloud Storage, under their own encryption keys, with automated safety monitoring but no human review by Anthropic employees; the system is rolling out in phases, with broader availability targeted for later this fall. Last week, Palantir and Nvidia unveiled a platform pairing Palantir's software with Nvidia's open Nemotron models to let organizations run AI on their own data without exposing it to outside model providers, and Nvidia shares dropped roughly 3% on Monday as AI-related stocks broadly retreated.
Cloud & Digital Infrastructure › Mega-cap Hyperscalers Demand
Anthropic · Technology · Neutral Anthropic faces customer pushback over its 30-day data retention policy but responded with Enterprise Frontier Safeguards letting enterprises store activity data in their own cloud infrastructure.
PLTR · Technology · Positive Palantir pressed Anthropic for zero data retention and launched a platform with Nvidia's Nemotron models letting organizations run AI on their own data without exposing it to outside providers.
NVDA · Technology · Neutral Nvidia limits Anthropic's models to less sensitive internal tasks and prefers its own Nemotron models, while also unveiling a Palantir-Nvidia platform for running AI on private data.
BAH · Technology · Negative Booz Allen forbids staff from running Anthropic's commercial model on cybersecurity projects touching proprietary data, restricting its AI tooling over data-protection concerns.
OpenAI · Technology · Negative OpenAI's models are among those being restricted or threatened with being dropped by Palantir, Nvidia, and Booz Allen over data-protection concerns.
Palantir's Undelivered Backlog Is the Real Test for Its Stock
Palantir Technologies has already sold work it has not yet delivered, and how fast it can deploy that backlog is what could move its stock from here. The company signed U.S. commercial contracts worth $2.132 billion across their full terms in the June quarter, while total remaining deal value ended that quarter at $13.1 billion, up from $11.8 billion at the end of March, and remaining performance obligations stood at $4.9 billion at the end of June. Palantir says the limiting factor in turning AI into value is the rate of AIP deployment, work that falls to its forward deployed engineers, and the September Fujitsu agreement matters because Fujitsu renewed its partnership for Palantir AIP and Palantir Foundry and will serve as a Global FDE Partner. Net dollar retention rose to 157% from 150% in the March quarter, and the cleanest test ahead is the U.S. commercial guide, raised in August to at least $3.424 billion for full year 2026 from at least $3.224 billion three months earlier.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Demand
PLTR · Capital · Positive Raised U.S. commercial revenue guidance to at least $3.424B for 2026 signals stronger financial outlook.
PLTR · Demand · Positive Palantir's U.S. commercial contracts signed ($2.132B) and rising net dollar retention (157%) show strong end-customer demand for its AIP/Foundry products.
6702.JP · Demand · Positive Fujitsu renewed its partnership for Palantir AIP and Foundry and will serve as a Global FDE Partner, deepening its product adoption role.
NVIDIA and Palantir Raise Guidance as AI Spending Accelerates
NVIDIA and Palantir both raised guidance after posting quarters that doubled revenue, with NVIDIA growing 105.8% year over year to $96.22 billion and Palantir's U.S. commercial segment surging 149% to $764 million. NVIDIA's Data Center revenue reached $89.023 billion, up 117%, while networking jumped 138%, and the company guided Q3 revenue to $108 billion, plus or minus 2%, saying supply sets the ceiling. Palantir's total revenue reached $1.94 billion, up 92.8%, with adjusted EPS of $0.41 beating the $0.28 estimate, total contract value closed of $3.37 billion, and net dollar retention of 157%. NVIDIA trades at a forward P/E of 24 on $302.97 billion in trailing revenue against 70% guided fiscal 2028 growth, while Palantir trades at a forward P/E of 75 and a price-to-sales ratio of 65. NVIDIA's 17.32% YTD move lags its fundamentals, and Palantir's negative 5.92% YTD reset will look like a gift if AIP pilot conversions hold pace, though its $265 million in Q2 stock-based compensation and long sales cycles keep the risk in view.
Palantir CEO Alex Karp to Personally Back Mykhailo Fedorov's New Defense Tech Startup
Palantir Technologies CEO Alex Karp is set to become the first major investor in a new defense technology company launched by Mykhailo Fedorov, Ukraine's former defense minister who was dismissed by President Volodymyr Zelenskyy in July after roughly five months in the role. In a video Fedorov posted on social media, Karp said the two had worked together for five years and called the venture one that could be "defining for the world," bringing Ukraine's wartime experience to allied countries as a commercial product. Bloomberg reported early priorities would include battlefield robotics, jet-powered interceptor drones, and low-cost AI-guided missiles, though neither the investment amount nor the startup's name has been disclosed, and Fedorov's press office said further details on the Palantir relationship would come gradually. The investment is Karp's personal bet rather than a confirmed Palantir corporate investment, and Palantir did not immediately respond to a request for comment. The news lands as Palantir's own government business thrives, with second-quarter U.S. government revenue up 90% year over year to $809 million, part of overall revenue that grew 93% to $1.935 billion.
Robotics & Physical AI › Humanoid Robots Competition
PLTR · Capital · Neutral CEO Alex Karp's personal investment in Fedorov's defense startup is not a confirmed Palantir corporate investment, so the impact on Palantir is unclear.
DA Davidson Raises Palantir Price Target to $250 on AI Demand
DA Davidson raised its price target on Palantir Technologies to $250 from $200 on Thursday while keeping a Buy rating, citing growing customer interest in AI sovereignty and the company's expanding role in managing enterprise AI systems. The firm said Palantir's AIPCon11 event highlighted rising demand for tools that help organizations control AI models and data. DA Davidson also pointed to Palantir's recent work with Nvidia, where the software company developed a supply-management system using Nemotron technology, as evidence of its ability to address operational challenges tied to AI deployment. Palantir reported 79% revenue growth in its latest quarter, with gross profit margin reaching 85%. Other analysts remain positive as well: Phillip Securities recently raised its target to $215 from $202, William Blair highlighted expansion of Palantir's Maven Smart System agreement with the Pentagon, and Baird and Truist Securities retained positive ratings, while Benchmark continues to rate the shares Hold.
Rosenblatt Reiterates Buy and $225 Target on Palantir After Customer Forum
Rosenblatt reiterated its Buy rating and $225 price target on Palantir Technologies after the company's 11th customer forum, implying roughly 35% upside from the $166.68 level where the stock traded Friday. The forum showcased Palantir's AI software moving beyond demonstrations into real operations, with customers highlighting deployments across industrial supply chains and U.S. Army targeting systems. That adoption follows second-quarter revenue growth of 93% to $1.94 billion, while management expects approximately $8.15 billion in full-year revenue and at least 134% growth from its U.S. commercial business. Palantir's roughly $426 billion market capitalization represents more than 52 times the midpoint of management's annual revenue outlook, leaving almost no room for execution errors. The stock also sits 5.72% below its GF Value estimate of $176.79.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Demand
PLTR · Capital · Positive Rosenblatt reiterated its Buy rating and $225 price target on Palantir, implying ~35% upside.
PLTR · Demand · Positive Customer forum showcased real operational deployments of Palantir's AI software across industrial supply chains and U.S. Army targeting systems.
USA
