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PLTR Path to $1T: "Deeply Embedded" Government Business, Needs Valuation Cooldown
Manage episode 499615775 series 3645668
Nigam Arora returns to Market on Close to discuss some of the biggest tech moves he's watching in the market. He's impressed with Microsoft (MSFT) continuing to beat "very high" expectations in Azure cloud and Copilot. On Palantir (PLTR), Nigam outlines the company's path to reaching $1 trillion in market cap. While he sees the current price-to-sales ratio as unsustainable, he says Palantir is "so deeply embedded" in the U.S. government that it has a "sticky" source of revenue even if its commercial business wavers.
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7414 episodes
Manage episode 499615775 series 3645668
Nigam Arora returns to Market on Close to discuss some of the biggest tech moves he's watching in the market. He's impressed with Microsoft (MSFT) continuing to beat "very high" expectations in Azure cloud and Copilot. On Palantir (PLTR), Nigam outlines the company's path to reaching $1 trillion in market cap. While he sees the current price-to-sales ratio as unsustainable, he says Palantir is "so deeply embedded" in the U.S. government that it has a "sticky" source of revenue even if its commercial business wavers.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – https://twitter.com/schwabnetwork
Follow us on Facebook – https://www.facebook.com/schwabnetwork
Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/
About Schwab Network - https://schwabnetwork.com/about
7414 episodes
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