Episode summary
Palantir Jumps After ‘Otherworldly Demand Lifts Outlook | Bloomberg Intelligence
Bloomberg Intelligence
· · Hosts: Paul Sweeney, Scarlet Fu · Guests: Mandeep Singh, Michael Halen, Christopher Ciolino, Sam Fazeli
Summary
Palantir shares jumped after it raised full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” The analyst said the company has posted 13 straight quarters of top-line acceleration and 93% growth is impressive, but he also warned that Palantir’s customer base of about 1,000 creates concentration risk and makes it more vulnerable as OpenAI, Anthropic and the hyperscalers compete more directly.
The discussion also covered Anthropic’s reported $10 billion compute deal with a months-old infrastructure startup, framed as part of the scramble for data-center capacity. The analyst said AI companies are sourcing compute wherever they can, even from Bitcoin mining infrastructure, because processing power and grid-connected data centers are the constraint.
McDonald’s results were softer than expected in the U.S. as value promotions missed the mark and prices rose for consumers, while Caterpillar posted a “monster quarter” with stronger sales, margins and backlog, helped by both data-center power demand and a broader construction recovery. In healthcare, the analyst said Pfizer and Merck face major patent cliffs, making pipeline execution more important, while BioNTech’s COVID vaccine demand appears to be fading with a weaker summer wave.
Key takeaways
- Palantir’s beat-and-raise quarter was strong, but the analyst sees customer concentration and rising AI competition as the main risks.
- Anthropic’s $10 billion compute deal shows how tight AI infrastructure capacity remains, with data-center access becoming the bottleneck.
- McDonald’s U.S. slowdown reflected weaker value execution, fewer discounts and tougher comparisons, not just softer consumer demand.
- Caterpillar’s backlog rose to more than $72 billion, and the analyst said some orders are already being taken out to 2030.
- Pfizer and Merck are being judged increasingly on pipeline replacement for looming patent expiries, not just current sales.
Notable quotes
“the shares jumped by the most in almost 16 months after the company boosted four-year revenue and income forecast as described and described commercial demand for its data analytics tools as quote otherworldly”
“I mean right now Enthropic is just getting compute from wherever they can whether it's SpaceX or Meta”
“they pulled BOS buy 1 get one offers. Mhm. Um they took away a lot of discounts on the app”
“It was really a monster quarter. Um, you had against pretty lofty expectations heading into the print”
How the episode opens
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Listen on demand wherever you get your podcasts or watch us live on YouTube. Again, I'm just looking. I'm not I don't really know Palanteer Technologies that well, but the shares jumped by the most in almost 16 months after the company boosted four-year revenue and income forecast as described and described commercial demand for its data analytics tools as quote otherworldly.
I I don't know. So, but I know Mandep Singh knows he's covers all this tech stuff for Bloomberg Intelligence. Mandep, can you just briefly describe what Palanteer is and and what you took away from the earnings last night?
I mean this is a company pre-AI before LLM came to the scene and they have done a lot of customized work for government entities large defense companies where it helps make sense of big data. Basically it goes back to that big data days where he
Dealing with large amounts of data. they can help you create a pretty dashboard that can you know give you the insights from unstructured data. Now with all the LLMs coming to the scene uh they clearly have made a pivot towards incorporating LLMs as part of the solution and uh what we have seen is uh accelerating growth over the last 13 quarters.
So this is the 13th consecutive quarter of topline acceleration and you know 93% growth is very impressive for a software company.
But when I look at you know the customer base we're talking about thousand customers. So it's very high ASPs very high monetization at their customer base which like I said half of this uh is coming from the government.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- palantir outlook
- ai compute capacity
- restaurant earnings
- industrial machinery demand
- biotech sales forecasts
Companies and tickers mentioned
- PLTR
- MCD
- CAT
- PFE
- MRK
- BNTX
- Palantir Technologies
- Anthropic
- Volta Infra Holdings
- McDonald's
- Caterpillar
- Pfizer
- Merck & Co.
- BioNTech SE
Watch the episode
Watch “Palantir Jumps After ‘Otherworldly Demand Lifts Outlook | Bloomberg Intelligence” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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