Palantir Technologies celebrated a significant triumph last week when it announced $1 billion in revenue for the first time in a quarter. This milestone is a history-making moment for the publicly traded defense technology company. Palantir’s mysterious reputation captivates retail investors. Palantir makes a lot of claims that are hard to verify. Recently, its shares skyrocketed, pulling a remarkable amount of attention with them. Smart company—under the leadership of its unconventional CEO, Alex Karp—the company still lives and dies by its vision of creating sophisticated solutions.
And the more success Palantir is having, the better it is. In contrast, OpenAI’s ChatGPT products are just exploding—already slated to hit 700 million weekly active users. Seriously, $182 billion is an extraordinary jump! Our registered user base—now primarily consisting of local government officials—has more than quadrupled in the past year, and even increased roughly 40% just since March. ChatGPT’s explosion puts the spotlight on a bigger trend—skyrocketing interest in AI-powered tech.
On the political side, former President Donald Trump made headlines with plans to raise tariffs on goods imported from India by a “substantial” margin. This decision, taken in light of India’s ongoing receipts of Russian crude oil, has already sparked trade row alarm bells. Trump’s announcement injects a new dynamic into the debate over international trade and domestic energy policies.
As stock markets reacted to these news developments, all three major indexes ended Monday’s trading day more than 1% up. The S&P 500 ended its four-day losing streak today. At the same time, the Dow Jones Industrial Average continued to recover from its recent sell-off. On Tuesday morning, stock futures are pointing to a modestly positive open, a sign that investor optimism remains deep.
With a single social media post, Trump captured the political conversation. He dubbed his campaign effort the “‘HOTTEST’ ad in town.” This statement reflects his ongoing engagement with the public and highlights his strategies as he prepares for future political endeavors.
“substantially” – Donald Trump