What makes Palantir so appealing

Stephen “Sarge” Guilfoyle joins TheStreet to explain why he’s so bullish on Palantir.

Transcript

00:00You highlighted Palantir as your single best trade back in May. Now you're back.

00:04Are you still bullish on the stock?

00:07I'm not back because I never left. I've been bullish on this stock since almost since the

00:11very beginning. If you go back to the stocks under $10 portfolio days of real money pro

00:16back when it was called real money pro, my net basis for the stock would be around $6.

00:21Now, I couldn't own it while I ran that portfolio. So once that product ended,

00:25I could buy it for myself. My net basis is around $16. But this is a name that I am prepared to

00:31buy on dips and hold on to, hopefully, for a very long time. I'm thinking in terms of my

00:37generations of my family with this one. I'm not thinking only for myself.

00:42So this is a generational play for you. When you were here in May,

00:46the stock has since doubled from that price. Why are you so optimistic about Palantir?

00:53Part of it has to do with the CEO, which is Alex Karp. So I guess that could change somewhat.

00:58But he's the kind of guy that you really want running a tech company, I believe.

01:01I don't believe in everything he says. Sometimes he sounds a little wacky. Sometimes he doesn't.

01:05But that's perfect to have someone who's somewhat, who's a genius, but maybe somewhat eccentric

01:11running your tech company. He understands the ontology of AI. He understands how to maybe,

01:20how to, I guess, monetize AI in a way that other software firms and big data firms really haven't

01:27figured out just yet. So far, it's really only been the NVIDIAs and the other providers. NVIDIA

01:33is the main one who have really prospered on this AI gold rush, if you will. Where on this end,

01:39on the user end, the actual interface end with the customer side, Palantir seems to be,

01:45so far, the only one that's really winning on that side.