Palantir Technologies
Benzinga - Dec 17th, 2024
Palantir's Alex Karp Embraces 'Cult' Status, Complains About The Missing Perks As Stock Soars 350%
Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp welcomed praise from billionaire investor Stanley Druckenmiller during JPMorgan’s Asset Managers CEO Forum which took place from Friday to Sunday, as the data analytics company’s stock continues its remarkable ascent.What Happened: Druckenmiller, chairman and CEO of Duquesne Family Office, endorsed Karp’s new book “The Technological Republic,” calling it “one of the most important books I’ve ever read.” The endorsement comes as Palantir’s stock has surged nearly 350% year-to-date, significantly outperforming broader market indices.The interaction followed recent characterizations of Palantir as a “cult stock” by CNBC’s Jim Cramer, who grouped it with Tesla Inc. (NASDAQ:TSLA) and Netflix Inc. (NASDAQ:NFLX) as companies whose loyal investor bases help them ...Full story available on Benzinga.com
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