Updates: Palantir - 2025 the Year of AI Application?
Summary
* While PLTR currently trades at a high multiple (~450x TTM P/E, ~150x NTM P/E), its earnings trajectory suggests significant upside potential.
* If PLTR can sustain strong revenue growth and reduce SBC to ~10% of revenue, its net income margin could expand from 16% to ~60%, narrowing the profitability gap with NVDA.
* Unlike OpenAI and cloud hyperscalers, PLTR built AIP from real-world enterprise use cases, making it more mature and deployment-ready for businesses.
* The return of
