Palantir AIPCon March 2024 Summary $PLTR #AI

Stock Spotlight on $PLTR

While I do not yet have a position, I have noted this stock and company on my podcast. I think the company is definitely one to watch but the PE ratio is approaching 300!

Full replay of the keynote and client use cases. (runtime 1 hour 36 min)

Here are the Charts, Summary and Concluding thoughts:

Lifetime chart

Closeup

AIPCon is their second ever Customer Conference. Meaning they invite existing customers, partners and potential key prospects to drink all what is new and presentations from clients and executives.

This video is about a conference by Palantir called AIPCon. Here are the key takeaways:

• Palantir Foundry is a software product that helps businesses improve their operations using AI.

• The conference featured presentations from several Palantir customers about how they are using Foundry to solve problems in their businesses.

• Some of the highlights from the customer presentations included:

  • LEN 0.00%↑ Lenar, a homebuilder, was able to exceed their goal of building 73,000 homes by 11,000 homes by using Foundry to automate emails to vendors and optimize their bidding processes.

  • LOW 0.00%↑ Lowe's was able to reduce overdue activities and make individual workers more productive by using Foundry to manage their call center team and supply chain.

  • ACHR 0.00%↑ Archer Aviation, a company developing electric vertical takeoff and landing aircraft (eVTOL), is using Foundry to help them design and manufacture their aircraft.

  • GIS 0.00%↑ General Mills is using Foundry to automate decisions about raw materials and logistics, which is saving them $40,000 per day.

  • $PCRFY Panasonic is using Foundry to help their technicians troubleshoot and repair lithium ion batteries. This is saving them time and money.

  • CASS 0.00%↑ Cass Investments is using Foundry to process investment leads and provide investment alternatives to their clients. This has allowed them to automate 85% of their lead workflow and reduce their lead process time by 90%.

  • CMI 0.00%↑ Cummins is using Foundry to connect the right people with the right data to solve problems. This has helped them to mitigate revenue risk and reduce repair time.

  • ESI is using Foundry to integrate data from multiple acquisitions that they have made. This has helped them to improve their efficiency and effectiveness.

• Palantir also announced a new product called the Foundry Marketplace at the conference. The Foundry Marketplace is a network that allows Palantir customers to share and reuse use cases for Foundry. This will make it easier for new customers to get started with Foundry and will help existing customers to identify new use cases for the product.

Here is a summary video of you would rather not read or want the short version:

Conclusion

This is a company to watch. It can continue to break up but the risk is the PE of 300. Can this company expand their earnings and revenue faster so that the PE can come down a bit even as price rises. For comparison NVDA PE is 75. SMCI PE is 88.

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