Right. So, another day, another attempt to appear as though I have a coherent investment strategy. Honestly, it’s mostly caffeine and hope. Today’s object of slightly-irrational-but-possibly-justified affection? Palantir (PLTR +0.80%). Closed at $147.78. Up. Good. That’s… positive.
It started with a William Blair upgrade. Which, let’s be honest, is always a nice ego boost for the stock. And then, the earnings. They actually… beat expectations. Shocking. I mean, genuinely, I was bracing for a dip. I’d already mentally prepared the email to clients explaining how ‘market volatility’ was a ‘buying opportunity’ (the classic). Volume was a healthy 54.3 million shares – almost 2% above the three-month average. People are paying attention. It’s been quite the run since the IPO in 2020 – up 1,456%. Which is… a lot. I’m starting to feel vaguely irresponsible.
Units of Cryptocurrency Lost: 0 (so far). Hours Spent Watching Charts: 7. Number of Times I Considered Taking Up Pottery: 3.
The S&P 500 rose 0.54% to 6,976. The Nasdaq Composite added 0.55% to 23,592. Snowflake, however, closed down 1.05%. Poor Snowflake. It’s always the bridesmaid, isn’t it? I’m starting to feel sorry for it. Although, obviously, I wouldn’t actually invest in feeling sorry for a software company. That would be… unprofessional.
So, William Blair thinks Palantir will generate $7 billion in free cash flow by 2030. Which sounds… optimistic. But, hey, what do I know? I’m just a portfolio manager trying to navigate the increasingly bizarre landscape of AI. It beat Q4 earnings, rocketed past Q1 2026 and full-year 2026 guidance. It grew sales by 69% in Q4 and expects 61% revenue growth in 2026. Total contract value in Q4 rose 138%. It’s valued at around 100 times next year’s free cash flow. Which is, let’s be honest, a bit terrifying.
But. It is one of the most powerful stocks of the nascent AI era. And I, for one, am willing to suspend my disbelief… for now. I mean, what’s the worst that could happen? I’m already picturing the headlines: “Portfolio Manager’s AI Bet Goes Horribly Wrong.” It’s a risk, obviously. But isn’t everything?
Number of Clients Who Will Blame Me If This All Goes South: Undetermined. Number of Glasses of Wine I Will Consume While Watching the Market: Potentially Significant.
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2026-02-03 02:12