Palantir's Alex Karp Defends Military Partnerships, Stands Firm on Pro-Western Stance: Report

Author: Anusuya Lahiri | August 19, 2024 07:30am

Palantir Technologies Inc (NYSE:PLTR) chief Alex Karp is in no mood to play the apology card or be politically correct for its military, police, and U.S. Immigration and Customs Enforcement services despite facing massive flak and protests.

“If you have a reputation for talking about what the pope says when you meet him,” Mr. Karp explained, “you’ll never meet the pope again,” TechCrunch cites from a New York Times interview.

Karp acknowledged the company’s consistent pro-Western view despite polarising views regarding the appeasement of Iran, Russia, and China.

Karp refused to apologize for defending the U.S. government on the border or offering its product to Ukraine or Israel. Per the interview, he has no qualms about protecting the Special Ops and bringing the people home.

Karp stood out for supporting President Joe Biden despite being criticized for handling the border and his overreliance on Hollywood elites, the New York Times reports. Interestingly, Karp is supporting Vice President Kamala Harris.

Karp also maintained his pro-artificial intelligence stance, indispensable to preventing AI abuse.

In August, Palantir reported second-quarter revenue of $678.13 million, up 27% year-over-year, topping the analyst consensus of $652.1 million.

Commercial revenue grew 33% year-over-year. Government revenue climbed 23% year-over-year.

Wedbush Securities analyst Dan Ives hailed Palantir as the “Messi of AI,” while Cathie Wood’s Ark Invest expanded exposure to the stock.

Palantir Technologies stock has surged over 121% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap ETF (NYSE:VO) and Vanguard Total Stock Market ETF (NYSE:VTI).

Price Action: PLTR stock was trading higher by 1.50% to $32.56 premarket at the last check on Monday.

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Posted In: PLTR VO VTI