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4 hours agoShorting Palantir or Inuit: Which One Makes Sense Right Now?
Palantir's extreme valuation contrasts sharply with Intuit's more reasonable metrics, making it a riskier short position.
Dr. Michael Burry of The Big Short fame doesn't seem to be willing to back down as a bear in the epic tug-of-war with Palantir shareholders and the great CEO Alex Karp. Undoubtedly, Burry seemed to have been getting his way, with shares of Palantir plunging viciously into a bear market amid one of the worst software slumps in recent memory.
Palantir Technologies Inc.'s surprise announcement that it's moving from Denver to Miami is even more surprising because, at least initially, it's going to be anchored at a co-working space. A regulatory filing lists the company's principal executive offices at an Industrious co-working location in Aventura, about 17 miles north of downtown Miami, suggesting the headquarters transition may be unfolding in stages as longer-term plans take shape.
An Anthropic spokesperson remained tight-lipped on whether "Claude, or any other AI model, was used for any specific operation, classified or otherwise" in a statement to the WSJ, but noted that "any use of Claude - whether in the private sector or across government - is required to comply with our Usage Policies, which govern how Claude can be deployed."
The ads are funded by a pro-AI political action committee that supports the expansion of artificial intelligence, yet they aim to weaken Bores's candidacy by tying him to his past work in tech. They accuse Bores, who has recently called for abolishing Immigration and Customs Enforcement (ICE), of hypocrisy because he previously worked at Palantir, a data analytics company whose contracts with ICE have made it a frequent target of activists.
It is the view of the BMA that doctors working in the NHS can no longer provide the tacit endorsement that using a product implies and must immediately take steps to explore refusing any non-direct care usage of Palantir's Federated Data Platform, with a view to moving away from the platform entirely in time, when a suitable alternative can be put in place.
Palantir, an $300bn startup that provides military technology to the Israel Defense Forces and AI-powered deportation targeting for Donald Trump's ICE units, has UK government contracts worth more than 500m. Global Counsel, a lobbying company Mandelson co-founded and part-owns, also works for Palantir. The cabinet secretary, Sir Chris Wormald, is being urged to release information about Mandelson's role when the British embassy arranged for Keir Starmer to visit Palantir's showroom in Washington DC in February 2025 shortly after Mandelson became ambassador to the US.
Annual revenue will gain 61% to about $7.19 billion, the Denver-based company said Monday in a statement. Analysts, on average, estimated $6.27 billion. Palantir forecast sales in the current quarter of about $1.53 billion, which also beat expectations. The shares increased 4.8% at 10:01 a.m. in New York on Tuesday. The stock had dropped 29% from its November peak, reached right before Palantir last reported results, and was down 17% to start 2026 through the close.
Palantir celebrated its latest financial results on Monday, as the tech company blew past Wall Street expectations and continues to prop up the Trump administration's push to deport immigrants. Palantir has secured millions of dollars in federal contracts amid Trump's crackdown on immigrants. The multibillion-dollar Denver-based firm creates tech focused on surveillance and analytics, to be used by the government agencies and private companies.
Since last March, the Department of Health and Human Services has been using AI tools from Palantir to screen and audit grants, grant applications, and job descriptions for noncompliance with President Donald Trump's executive orders targeting "gender ideology" and anything related to diversity, equity, inclusion (DEI), according to a recently published inventory of all use cases HHS had for AI in 2025.
He was her political adviser when she was South Dakota's governor. "Kristi is the face of DHS. Corey is the brains. He gets things done," one senior administration official told Axios. Driving the news: Lewandowski's continued involvement in DHS became clear last week, when an Axios reporter saw him standing at a gate at Ronald Reagan Washington National Airport, speaking loudly into his phone as he appeared to discuss DHS vendors' contracts.
"With any person, company, or concept, the general public really only has space in their head for one characteristic of it," says Palantir alum Marc Frankel, cofounder, board member, and former CEO of Manifest, which creates software and AI "bill of materials"-think ingredient labels for critical software. "Biden: old. AI: scary. Palantir: secretive." Frankel worked at Palantir from 2013 to 2018,
Former City Comptroller and current congressional candidate Brad Lander oversaw a major expansion of New York City public pension fund investments in Palantir Technologies, a data analytics firm whose software has long been used by Immigration and Customs Enforcement (ICE) to identify and deport undocumented immigrants. During Lander's tenure as the city's chief financial officer, the city's five public pension funds significantly increased their exposure to Palantir, according to an amNewYork review of pension fund disclosures.
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Last week, shares of Palantir Technologies Inc. (NASDAQ:PLTR) lost 0.84% over past five trading sessions after gaining 6.56% the five prior. The damage from the AI-fueled sell-off that began in late October and carried deep into November appears to be in the rearview mirror, and the stock is now up nearly 151% in 2025, including a gain of 38.43% over the past six months. Since going public on Oct. 2, 2020, it has gained an eye-popping 1,951.20%.