Palantir’s AI Future: Time to Buy or Too Late?

[Music] hey there future Tech millionaires So today we're diving into one of the hottest stocks of 2024 palente tier is it just riding the AI hype wave or is there something real behind all this Buzz let's break it down paler style let's go profit machine or AI pipe dream all right first up if you haven't heard of paler it's that mysterious tech company that helps governments companies and probably your grandma organize all the data in the universe if think of it as the Sherlock holes of data analytics only instead of solving murder mysteries they're helping businesses make sense of everything from sales to security breaches okay so what's all the fuss about let's talk numbers folks in Q2 2024 paler pulled in a whopping 678 million in Revenue that's a 27% year-over-year increase and get this they've been profitable for six consecutive quarters yep I said the p word profitable they ain't just losing money while hyping AI That's right unlike a lot of tech Darlings out there paler is actually making money and not just a little their net income was $134 million in Q2 alone not bad for a company whose business model once felt like it was trying to explain quantum physics at a fourth grade science fair but hold up why all the buzz right right now three letters AI first and then P that's right paler is going all in on artificial intelligence they've got their artificial intelligence platform AIP and investors are eating it up like it's the last slice of pizza at a party everyone's betting big that paler is going to become the go-to data solution for companies using AI to make decisions like your boss who uses AI to figure out which emails to ignore and it's not just government contracts anymore their us commercial revenue is up a mind-blowing 55% year-over-year and they've added 83% more us commercial customers it's like everyone wants to hop on the paler train next stop AI domination so the stock is skyrocketing it's up big time in 2024 the question you're probably asking is this real or just the AI hype train blowing smoke is paler overhyped well there's always some hype when you slap AI on anything these days like AI powered toasters or AI toothbrushes but let's not kid ourselves paler Core Business is solid they're not just profitable they've got over $4 billion do in cash and cash equivalents and their free cash flow margin is at 22% they're generating real cash folks plus with big government contracts rolling in and Commercial businesses signing up like it's Black Friday it's not all smoking mirrors but don't get me wrong paler is riding the AI wave like a pro Surfer AI is definitely giving it a boost but with strong financials and a real product that businesses trust this isn't some Dodge Coin level hype you're not just betting on the future of AI here you're betting on a company with proven staying power so should you jump on the paler rocket is it too hyped or just right well it's definitely exciting Ai and Big Data are the future and palente sitting at the center of it all like the cool kid at the tech lunch table but don't just chase the hype always look at the fundamentals and maybe grab a snack while you're at it AI can't eat your pizza yet all right folks that's it for today remember this video is for entertainment purposes only not Financial advice it be sure to do your own research before making any investment decisions don't forget to hit that like button subscribe for more stock deep Dives and tap the Bell so you're the first to know about the next big thing in tech stocks until next time happy investing