Despite what Alex Karp, the boss of Palantir, says, investors are hardly “batshit crazy” to bet against his company. The seller of whizzy analytics tools has a market value of nearly $450bn, equivalent to 137 times its sales over the past 12 months and 624 times its net profit. Nvidia, the most valuable company in the world and a fellow beneficiary of the artificial-intelligence (AI) boom, is worth a comparatively meagre 28 times its sales and 54 times its net profit.
in Business
