Former NYSE trader explains what has him so bullish about Palantir stock.
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00:00Well, maybe I just fell for the cult of personality or something, but I listened to Alex Carr and
00:05This guy is like he's like Satya Nadella
00:08I mean when you when you hear him talk you say you say holy moly. I could never be that smart
00:14I could never be half that smart
00:15He's just one of those guys when you hear him speak you believe him and when he tells you he doesn't have
00:20Competitors that can keep up you say well, you know, it's look he has the force. This guy can't be caught
00:26They can't catch this guy no, maybe they will catch this guy and there will be some profit taking but uh, but I
00:32Mean I got in I got the stocks under 10 portfolio into this thing around six
00:37When that's when that product went away and I was able to buy it for myself. I got in around 16
00:42Now I have a $48 target price on the stock and it's it's closing in on that target price
00:48This thing has been a great trade
00:49But when the AI trade does get whacked at some point it will get whacked with it
00:55Because it's because it needs to it doesn't have it does not yet have even though it's growing by leaps and bounds in terms of
01:01Customers it does not have the fundamentals yet to support its valuation. I think it will I think the margins eventually will be incredible for this thing because
01:10What do they do? They use big data to spy on on people and things
01:13Well, I don't like to be spied on but if somebody's gonna spy on me, I want a piece of the action. So basically
01:20That that's how I that's really how I think of balance here if you can't beat them join