Daily Recap: Key Highlights

Introduction

• Discussion not centered on Trump or tariffs this time.
• Focus on Palantir's performance and Google partnership.
• Brief overview of Tesla's earnings, market performance, and macro data.

Palantir's Performance

• Stock Highlights:
  • Hit $100.50, high of $103.62.
  • Last seen at triple digits in February.
• Market Context:
  • Trump’s comments on China tariffs influenced economic backdrop.
  • Palantir's stock rose despite mid-day market adjustments.

Palantir and Google Partnership

• Partnership Details:
  • Partnership with Google Cloud, specifically in the public sector.
  • Supports Palantir’s FedStart platform on Google Cloud.
• FedStart Platform:
  • Helps US government agencies with compliance and scaling operations.
  • Supports software vendors, enhancing Palantir’s market position.
• Strategic Importance:
  • Reinforces Palantir’s presence in the US government sector.
  • Demonstrates collaboration with major tech companies like Google.
  • Highlights trust and security with IL6 clearance.

Trump's Headlines and Tariffs

• Tariffs Discussion:
  • Initial positive market reaction to tariff reduction news.
  • Conflicting reports and statements led to market volatility.
  • White House confirmed no unilateral reduction of tariffs.
• Overall Market Reaction:
  • Market skeptical of Trump's ability to maintain high tariffs.
  • Analysts suggest buying the dip in volatile conditions.

Other Political and Market Updates

• US Trade Negotiations:
  • Statements about China’s economic model and trade relations.
  • Emphasis on more countries reaching out to the US for trade.
• White House Dynamics:
  • Reported disagreement between Scott Bent and Elon Musk.
  • Bent's stance on IRS appointments highlighted.

Additional Company News

• Grab's Market Position:
  • Added Steve Tishman to the board, potential M&A activities.
  • Potential acquisition of competitor Goto in Indonesia.
• Macro Economic Data:
  • PMI and ISM data show mixed economic expansion signals.
  • Surprising strength in new home sales.

OpenAI and Nvidia

• OpenAI Projections:
  • Projecting $125 billion revenue by 2029.
  • Anticipating major growth in AI and computational demands.
• Nvidia’s Growth Potential:
  • Undervalued compared to companies like Walmart.
  • AI and tech demand driving future growth.

Conclusion

• Market remains sensitive to political and economic news.
• Encouragement to buy amidst volatility, especially in tech stocks.
• Speaker’s upcoming trip to Toronto and opportunities for engagements.