Palantir topped 100 US megacaps this week, up 11%.

It trades at 98 times expected profit, more than SpaceX. Goldman Sachs just upgraded it to Buy. $PLTR

The main idea: sovereign AI. Governments, militaries and banks want to use AI but won’t hand their data to Amazon’s or Google’s cloud. Palantir’s software runs wherever the client says, including on their own servers and in closed networks with no internet access.

Goldman expects this to bring large new contracts, especially outside the US. Analysts expect sales to nearly triple to $17bn by 2028.