John Carl,
Editor
Oct. 11, 2024
It’s a dangerous world out there...
- North Korea is testing new missiles and hacking technology.
- China is ramping up its cyberwarfare program.
- The Middle East is a hot zone of cyber activity and digital assaults, in addition to money laundering programs that are being used to fund terrorism.
And that’s why I’ve been carefully following my #1 pick in cybersecurity, Palantir, as it deploys its AI capabilities to keep its long list of clients, including the US military, ahead of the game.
The US Presidential election has highlighted this need.
In this contentious political cycle, it’s one of the core issues everyone seems to agree on.
After getting hacked by Iran, Trump’s political campaign emphasized the need to boost security.
And neither Biden nor Harris has been shy in setting aside billions in funding for the future of cybersecurity.
It’s why our preferred cybersecurity pick in the Digital Dispatch has outperformed the rest of the market, delivering an unstoppable 162% this year.
Cybersecurity is an of-the-moment issue, and that’s why Palantir is up over 25% this month alone.
It just added another contract this month, $99 million for an Army-led User-Centered Machine Learning (UCML) project.
They also completed new AI tools that can spot money laundering — which is essential in the fight against Iran and Russia as they angle to purchase illegal arms.
But it’s not just the military and governments that are interested.
3 AI Stocks That Could Make Us More Than Nvidia
Last year we told our readers to buy Nvidia well ahead of the crowd — and made 235% gains in just 29 weeks when the rest of Wall Street came piling in.
But the bigger story is what’s been happening with small AI firms. Most investors have never even heard of them... and yet they’re well known to Big Tech insiders who need their innovations to stay ahead of the competition. Big Tech is willing to pay a premium to acquire shares — and these small AI buyouts have already made us 123%, 145%, and 235%. The buyout frenzy has begun...
Find out the 3 small AI stocks at the top of Big Tech’s buyout list — and why we’re likely just weeks away from the next round of triple-digit gains.
Palantir held an Artificial Intelligence Platform (AIP) event in September, where new customers revealed their use cases for its software.
It was so packed that they were forced to limit the number of attendees, turning away hundreds.
New customers this year include: United Airlines, Nebraska Medicine, AARP, Lear, Wendy’s QSCC, Edgescale AI, Lennar, General Mills, Lowe’s, Cone Health, CSX, OpenAI, CAZ Investments, Parts Town, and 8VC.
But Palantir isn’t the only successful AI-powered stock in the portfolio.
Thanks to the rapid growth across the industry we’re seeing growth from small players as well.
Small firms are especially ripe for a potential buyout, as Big Tech is willing to pay a premium to get the technology they need.
Palantir itself has completed six buyouts already, much to the delight of investors in those companies.
With so much growth in the industry and an infusion of government cash, these buyouts will continue.
My colleague Chris Curl and I recently identified the most likely candidates and outlined why they’ll benefit the most from this outstanding year.
Companies like Palantir are now non-negotiable essentials for national security, and they’ll continue to grow even as other AI-led technologies fall by the wayside.
As I said, we made 25% this month alone.
Find out why small AI stocks will provide additional growth before the year comes to a close.
Make it your own,
John Carl
Editor, Daily Profit Cycle