pltr stock: Cathie Wood Dumps, What Now?

[Generated Title]: Palantir: Still Impressive, Still Uninvestable. What's the Catch?

Okay, Palantir. Let's be real for a second. Another quarter, another round of headlines screaming about how they "beat expectations" and how their U.S. commercial revenue is "soaring." Give me a break.

The "Soaring" Revenue Mirage

Soaring, huh? Up 121% year-over-year, we're told. Sounds fantastic, right? Like they're printing money faster than the Fed. But let's dig a little deeper, shall we? Cathie Wood, bless her heart, clearly isn't buying the hype, dumping millions worth of PLTR shares even after this "amazing" quarter. She sold $7.9 million worth, to be exact. What does she know that the rest of these cheerleader analysts don't? Cathie Wood Dumps $7.9 Million Worth Of Palantir Stock Despite 121% Revenue Surge — Ark Doubles Down On Peter Thiel's Buzzy Crypto Upstart - Palantir Technologies (NASDAQ:PLTR)

I mean, the company reported a revenue of $1.18 billion, surpassing the anticipated $1.09 billion, and adjusted earnings of 21 cents per share, beating the forecasted 17 cents per share. Okay, numbers look good on paper. But what's the quality of that revenue? Are they landing sustainable, long-term contracts, or are they just juicing the numbers with short-term, high-risk deals that'll come back to bite them later?

And adjusted earnings? Don't even get me started. "Adjusted" always means "we conveniently left out all the stuff that makes us look bad." Stock-based compensation, maybe? Amortization of some intangible asset they overpaid for? Who knows!

The Cathie Wood Question

Seriously, though, the Cathie Wood thing is nagging at me. She's not exactly known for being shy about her bullish bets, so why the sudden cold feet with Palantir? Is she seeing something in the tea leaves that the rest of us are missing? Is it a sign that the "growth at all costs" era is finally over, and investors are starting to demand actual, you know, profits?

Is it because Peter Thiel is backing some crypto upstart called Bullish (of all names), and she's jumping on that bandwagon instead. Ark Invest bought a total of 238,346 shares across ARKK, Ark Fintech Innovation ETF (BATS:ARKF), and ARK Next Generation Internet ETF (BATS:ARKW). Crypto... right.

Then again, maybe I'm just being a grumpy old cynic. Maybe Palantir really is the future, and I'm just too stuck in my ways to see it. But something feels off.

The Uninvestable Verdict

Look, I'm not saying Palantir is a bad company. They're doing some genuinely interesting work, and their technology is undeniably impressive. But as an investment? Nah. It's too volatile, too dependent on government contracts (which can disappear overnight), and frankly, too expensive. The stock's priced for perfection, and in this market, "perfect" is a dangerous place to be.

They've got a "Momentum in the 97th percentile" whatever that means. Does that mean it's likely to go up? Or that it's way overbought and due for a correction? Offcourse, I'm betting on the latter.

Still Overhyped, Still Overvalued