As long as the AI hopium flies

I'll throw the British South Sea Trading Company into the ring for that title of most overvalued company ever.

It had the king himself on the board. The company value represented a decent fraction of the national gdp at the time. All without actually never producing anything of actual value. It was just bribes and speculation all the way through. It's wild.

https://en.wikipedia.org/wiki/South_Sea_Company

Extra History did a more easily digestible series, which was how I learned about it in the first place. https://youtu.be/k1kndKWJKB8

TSLA has to be in the mix with a PE over 300.

they're gonna build the american social-discredit system for many filthy dollars

To me it would depend a lot on how US/EU relations continue to grow/break. If digital sovereignty ends up putting Palantir in a position where they won't be able to seel their intelligence tools to European secret police organisations, then it's probably overvalued. If relationships work out fine, then they'll basically be the Microsoft of mass survailance, which may make them overvalued but surely not the most overvalued company that ever existed?

For the sake of democracy and freedom of human expression, I hope that their software is a bloated, bureaucratic mess and can’t power the efficient dystopia which Alex Karp wants.

it may well be terrible software, but Palantir are effectively an arm of the new Trumpian state, so guaranteed access (and ownership?) to the largest public sector projects of the largest economy in the world. It's got a good chance of becoming the Samsung of the US, so any value is not an overvalue

Michael Burry shares his own thoughts on the subject, toward the end

https://pca.st/episode/17966c7b-a56e-46f7-ab2d-03d86dbad650

Can somebody explain how the software actually adds value? How is it really that amazing? Or is it just a buzz word?

This is the first time I've seen an ad presented as a bullet point in a list of otherwise-salient bullet points. Nefarious.

>Palantir would need to grow its revenues roughly 15-fold (yes, 1,500%) over the next quarter century, implying sustained annual revenue growth in the 35% range over this time frame.

That's actually a pretty reasonnable ask for a tech company, if you believe Palantir can grow to the level of FAANG.

Palantir is only the 15th most overvalued:

https://www.macrotrends.net/stocks/stock-screener