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☕️ Palantir reclaims $100 and that’s not the half of it

Apr 25, 2025

Howdy! 👋

Traders have decided that it’s time to do some short-term profit taking which is par for the course after a 3-day winning streak. And something we talked about earlier this week.

That said, I think the S&P 500 and the Nasdaq could both be green by the time you read this because there’s a lot of FOMO in the air.

The best course of action on a day like today is – in my experience – to take a deep breath and step away from your screens.

After a cursory look at what’s on my radar, of course. And, if you’re an OBAer, a look at this week’s AMAs which will be out shortly. 😀

Here’s my playbook.

1 – Palantir reclaims $100 and that’s not the half of it

The super smart Liz Claman invited me back to the Claman Countdown yesterday to talk about the markets, the rally and Palantir being back at $100+ along with my good friend and colleague, Thomas Hayes. (Watch)

Tom, btw, made one heckuva compelling argument for Paypal (which I don’t own).

I might have to rethink that one. 🤔

Keith’s Investing Tip: One of the great challenges when it comes to investing is to know enough about a subject to think you’re right, but not enough to know you’re wrong.

2 – Alphabet’s hat trick

A definite tip o’the hat to all things Alphabet which reported Q1 earnings (Read):

Revenue: $90.23B vs. $89.12B expected

EPS (GAAP): $2.81 vs. $2.01 expected

Search & Other Ads: $50.7B, up 9.8% YoY

Total Advertising Revenue: $66.89B, up 8.5%

Buyback: Another $70B repurchase approved

AI investment & infrastructure cited as growth priority

If you own it, I’m happy for ya!

I didn’t see what I was looking for, unfortunately…

YouTube advertising revenue: $8.93 billion v $8.97 billion

Google Cloud revenue: $12.26 billion v $12.27 billion

Traffic acquisition costs (TAC): $13.75 billion v$13.66 billion

Keith’s Investing Tip: The markets reward knowledge, not guesswork. I’d rather own a choice like Palantir because I think it has considerably better upside potential than Alphabet which is still struggling in the very areas where it needs to make a difference imho.

If you’ve got this sorted and you’re getting the results you want, outstanding! If not and you’d like help finding the next Palantir, I’ll be here if you need me.

3 – Forget housing, data center demand is where it’s at

I speak at events around the world and am constantly running into folks who think AI isn’t a thing or who want to know “when it’s gonna monetize.”

Try now.

Amazon: “No significant change. Demand is still rising.” (Read)

Nvidia: “We haven’t seen a pullback.”

Anthropic: AI will require 50 gigawatts of new power by 2027 - the equivalent of 50 nuclear power plants.

At the risk of sounding like a broken record, AI will go down as the biggest investing theme in recorded human history.

Every business on the planet will adapt, adopt or die.

And the same is true for investors.

If you need help, you know where to find me.

Oh, and as I type, IonQ just announced a $22M deal with EPB to turn Chattanooga into America’s first quantum computing and networking hub. (Read)

4 – Apple moves its AI team

You know what to do.

I hope.

5 – META: Virtual Reality, Real Layoffs

Meta just axed part of its Reality Labs crew—aka the folks behind Quest headsets and that VR fitness thing you swore you’d use after New Year’s.

Turns out losing $5B while pulling in only $1.1B might not be sustainable.

Who knew? 🤦‍

MyPOV: When your 'reality lab' is burning billions, it’s time to test a new hypothesis: profits.”

Trade idea: If El Zucko doubles down, consider Meta (META) on a pullback with a tight stop. If not, another fave I’d rather own is still selling the picks and shovels and has an 80%+ market share. Hooyah!