Schwab Network on $PLTR (Nov 3, 2026)

We certainly have some profits that interest you with Apple and Palantir.

Okay. Speaking of evaluation, what is your quick opinion of Palantir? It's another company that has exceeded expectations, but I wonder if part of the pressure is related to the valuation. What do you think of that?

I think evaluation plays a role in this. I think one of the key factors here, despite exceeding earnings per share and exceeding revenue, is that they have grown their business side, which now outperforms the government side.

Over the past two quarters, we have discussed how the commercial sector is making significant progress. It has grown by more than 149% this quarter, in addition to growing by 150% year-on-year in the last quarter. So, that's the positive side here.

I think one of the caveats, and the reason why the stock is under pressure perhaps, besides its superior performance and lack of decline like many AI software companies, is that the Remaining Value of Deals (RDV) grew by only 2% compared to the second quarter, while the Remaining Performance Obligations (RPO) remained flat.

The administration acknowledged that shorter-than-usual contract periods in the sovereign AI field may have been considered during this quarter.

Alex Karp made some positive comments after the report, which is not surprising in this regard. It is not surprising to see a slight decline here, perhaps due to some of that data, but overall, the report is very good.

Analysts are showing a very positive outlook on the stock after the earnings, even with that high valuation.