Locator: 51103AI.
Mixed story on AI:
- AI:
- lots of NIMBY talk;
- infrastructure supply-chain shortages: chips, energy
- software companies took a big hit earlier in the year
- more recently, chip-making companies are taking a hit
- but Palantir: stock jumps; "profits have soared"; link here.
- huge gain in share price past two days after falling significantly
- Palantir unveiled a new AI partnership with Nvidia
- DA Davidson analyst upgrades stock to a buy rating; raised target to $175
- currently trading at $130
- "growing twice as fast as any of its competitors": Snowflake, Shopfiy, Datadog, CrowdStrike
- AI is very much still in high growth, high demand
- but elements of the buildout remind me of the Bakken when it went from boom to steady-state (maintenance) stage
- Palantir's 5-year price curve resembles the standard "S-curve"
- breakout/surge began late 2024 / early 2025
- peaked, overshot, and then moved back down
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Disclaimer
Briefly:
I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken. I am inappropriately exuberant about the US economy and the US market. I am also inappropriately exuberant about all things Apple. See disclaimer. This is not an investment site. Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market. I am also inappropriately exuberant about all things Apple. And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution. I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom. Now, I've added Amazon. And QCOM. Longer version here.
