Apple & Palantir Earnings, Elon Caps Grok Bot Usage, SpaceX’s Starfall | Diet TBPN

Apple and Palantir both beat earnings, but the market still sold both stocks about 2% lower as investors fixated on future margin pressure rather than the headline beats. The host highlighted Apple’s record September-quarter revenue and the Financial Times report that rising memory chip costs and AI compute spending could squeeze profitability. Palantir’s quarter was framed as a bigger strategic signal: Q3 revenue reached $2.3 billion annualized to $9.25 billion, and US commercial revenue surpassed US government revenue for the first time, reinforcing the company’s pivot toward enterprise AI deployment.

The conversation then turned to the changing shape of the internet around Google’s AI mode and Reddit’s earnings call. The host argued that AI search is becoming the default experience, reducing the need to click out to the open web and putting pressure on destination-dependent media and SMB marketing funnels. At the same time, the discussion acknowledged Google’s scale, cloud and TPU exposure, and its continuing ability to finance AI infrastructure from high-margin search cash flow.

The episode also covered Elon’s claim that Grokbot was too expensive to serve, AI-enabled surveillance via airplane-sound location tracking, CrowdStrike’s $495 million of AI security acquisitions, SpaceX’s Starfall microgravity manufacturing push, OpenAI’s security partnership with Cathedral Systems, and Peter Rahal’s new Rowdy snack brand taking on Doritos.