Markets
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Matt Phillips

Palantir CEO Karp to hold live AMA Wednesday

It’s been a topsy-turvy morning for Palantir, which opened up as much as 1.6% before slipping into negative territory. Share of the defense and corporate AI software provider — up more than 50% year to date — rocketed to the top of the S&P 500 this year after posting strong results last week. It’s a familiar position for the company, which held that title last year.

As Business Insider reports, the company’s charismatic, idiosyncratic, and sometimes bombastic CEO Alex Karp has become an object of affection for a loyal online following of retail traders, in a way familiar to those who witnessed the emergence of the Elon Musk fanboy as a market phenomenon. The Palantir faithful is likely looking forward the live AMA (that is, “ask me anything”) Karp is slated to hold tomorrow at 12 p.m. ET.

Inside the lovefest between Palantir and its army of retail investors

Inside the lovefest between Palantir and its army of retail investors

As Business Insider reports, the company’s charismatic, idiosyncratic, and sometimes bombastic CEO Alex Karp has become an object of affection for a loyal online following of retail traders, in a way familiar to those who witnessed the emergence of the Elon Musk fanboy as a market phenomenon. The Palantir faithful is likely looking forward the live AMA (that is, “ask me anything”) Karp is slated to hold tomorrow at 12 p.m. ET.

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SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

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