Palantir

After the massive share price gains of recent weeks, Palantir CEO Alex Karp is using the momentum for a strategic repositioning. While competitors like OpenAI or Anthropic are focusing on increasingly larger language models, Karp is positioning his company as the spearhead for so-called "Sovereign AI". In collaboration with NVIDIA, the group is advancing customer-controlled AI environments that prioritize user data sovereignty. With this, the leadership is reacting to the growing criticism of "Frontier AI" models, which Karp accuses of lacking transparency and posing risks to data security.

The results for the second quarter of 2026, published just over a week ago, serve as the foundation for this course. 94 billion US dollars. The commercial business in the USA, in particular, proved to be a significant driver with growth of 149 percent compared to the same period last year. 062 billion US dollars during the reporting period. These figures underscore the transformation from a service provider primarily specialized in government contracts to a broader-based software group. A cooperation with Mercury Systems, announced on Friday, illustrates this trend: Palantir is providing the technology for digital twins and the automation of material planning in manufacturing.

Such industrial partnerships are intended to further reduce dependence on large government contracts. Despite its business successes, the group's management is confronted with internal and external conflicts. A partnership with USA Today Co. announced on August 6 to monetize reader data triggered a storm of protest. According to media reports, 31 unions and around 800 journalists are demanding a halt to the agreement. They refer to Palantir's controversial collaboration with the US immigration agency ICE, which involved a contract volume of 30 million US dollars last year.

These controversies are also reflected in the recent movements of institutional investors. While heavyweights like Vanguard slightly expanded their positions to over 215 million shares in the second quarter of 2026, other entities significantly reduced their involvement. Activest Wealth Management decreased its stake by 60 percent. 1 million US dollars on May 20. On the stock market, profit-taking recently caused slight pressure. 46 Euros. 56 billion Euros, the company's valuation remains a point of contention among experts. The discrepancy in assessing future earning power is as great as with hardly any other technology stock.