Palantir Technologies: Soaring Thanks to Trump's Election Victory

Palantir Technologies, a data analysis and artificial intelligence company, is currently experiencing a significant surge in the stock market. Since Donald Trump's election victory, the company's shares have risen by an impressive 50 percent, making Palantir billions richer in market capitalization. This development, however, raises the question of whether this increase is based on emotional euphoria or solid economic fundamentals. Founded in 2003, Palantir is considered one of the early AI companies. The company's software platforms are designed to analyze large volumes of data and provide insights that help organizations recognize patterns, increase efficiency, and generate growth. With the implementation of technologies behind algorithms like ChatGPT, Palantir can execute these tasks in real-time. In a highly competitive market where cloud-computing giants like Microsoft, Snowflake, and Amazon offer similar services, Palantir stands out with its tailored, security-focused solutions. These include the platforms Gotham, Foundry, and the Artificial Intelligence Platform (AIP). While Gotham supports government agencies in decision-making and military targeting, Foundry focuses on improving business processes and trend recognition. The AIP enables all organizations to create and implement AI applications. The rise in the stock price could partly be attributed to Palantir's role in the former Trump administration, when the company received contracts from the U.S. Immigration and Customs Enforcement (ICE) agency. A tool specifically developed for ICE called Falcon aggregates data from surveillance networks and public records for planning raids. Despite negative press and criticism from activists, Palantir stuck to its course, thereby securing not only the contract but also potential future orders.