Palantir’s Stocks have reached turbo mode. In the last month alone, stocks soared about 25%, helping AI and analytics companies to market capitalization north of $411 billion. The stock has soared more than 550% over the past year.
For Palantir investors and co-founders, the surge has turned into billions of dollars in wealth. Co-founder Peter Thiel It is said that Bloomberg Billionaire Index. Co-founders Stephen Cohen and Joe Lonsdale are also longtime members of the Super Club.
Now, financial victory is surpassing the founder of the company. Chief Technical Officer Shyam Sankar He became the latest executive on Monday, spanning a billion-dollar record, and his net worth climbed $1.3 billion.
Later that day, the company Report The latest record-breaking revenue was $1 billion, up 48% year-on-year. Profits also soared 33% to $327 million, prompting the company to increase its full-year revenue outlook to at least $4.14 billion.
The company has been successful for 20 years, Sankar explain On Monday’s earnings call.
wealth Contact Palantir for comment.
The losses of other companies are Palantir’s gains
Palantir’s stock growth could be welcome for investors who are not satisfied with the performance of other tech companies Tesla,,,,, appleand Amazonthis year it’s all in red.
Competitors in the federal contract field are also struggling, companies like companies AccentureBooz Allen and Deloitte Losing a critical government contract The Ministry of Efficiency Reduction. However, Palantir made a large profit, with U.S. government revenues rising 53% year-on-year. Just last week, the company $10 billion has landed Software and data contracts with the Army.
Although Palantir’s partnership with the federal government has attracted attention Thiel’s close relationship with the Trump administrationthe company will only move forward at full speed.
“The company has little parasitic elements,” Karp said on Monday’s earnings call. “We have a small sales force. There are very few BSs in our internals. We have a flat hierarchy. There are the most qualified, interesting people in our beliefs, heretics.”
Continuing AI also makes it easier for companies like Palantir Do more with fewer workers.
Karp told CNBC. “It’s a crazy, efficient revolution. The goal is to get 10 times the income and have 3,600 people. We have 4,100 people now.”
Like palantir Nvidia It is a machine produced by billionaires
Like Palantir this year, NVIDIA shares soared in 2024 with earnings of more than 170%. As every company continues to grow, they are on the track of billionaires’ generation.
On the top of CEO Jensen Huang $155 billionHis CFO Colette Kress and EVP Jay Puri Join the Billionaire Club At the end of last month.
“I have created billionaires in the management team that are more CEO than any world,” Huang said recently in a panel hosted by venture capitalists who run the Full Podcast. “They did a great job.”
Nvidia has a market capitalization of about $42,000, or about $4.3 trillion, about 10 times that of Palantir.
“I don’t feel sad for anyone on my layer,” Huang said. “My layer is very good.”
