$167.99
24h
-2.09%
11 Nov, 23:58
Long Palantir as political risk fades
Bullish-0.49%
AI Summary
The author explicitly recommends going long on Palantir (PLTR), arguing that CEO Alex Karp's recent pivot to progressive politics eliminates previous political risks associated with the stock.
All set. I never dared to buy PLTR before because of concerns about political risk.
Now it seems there’s no risk anymore; Alex Karp is a businessman who adapts to the wind.
Long PLTR.
Palantir CEO Alex Karp is shifting back toward the left wing following the Republican Party's losses in the midterm elections. He stated that he would support Democratic candidates in 2028, provided they are not from the DSA (Democratic Socialists of America).
In an interview with Politico, Karp claimed that Democrats have "corrected" their previous mistakes and referred to himself as progressive eight times.
“I’ve been a Democrat my entire life. I grew up in an extremely left-wing environment. I know more about progressivism than almost anyone on Earth, and I absolutely believe that Palantir—and all our products—are inherently progressive,”
Karp said excitedly.