PLTR Stock: Cathie Wood's Out, What Now?

Cathie Wood Bails on Palantir? More Like Sees the Writing on the Wall

So, Cathie Wood dumps almost $8 million worth of Palantir (PLTR) stock after they beat earnings expectations? Give me a break. The company's U.S. commercial revenue jumped 121%, and still she's running for the hills. What gives?

Decoding the "ARK Logic"

Let's be real: "ARK Logic" is often an oxymoron. They bought a boatload of Bullish (BLSH), Peter Thiel’s crypto exchange, after its IPO popped. Bullish? More like… begging for a rug pull. This smells like chasing hype instead of actual value. Palantir, on the other hand, actually makes money. Go figure.

And don't even get me started on the official explanation. "Portfolio rebalancing"? That's what they want you to think. It's corporate speak for "oops, we messed up."

The Real Reason? (Probably)

Here's my take: Wood probably realized Palantir's valuation is insane. A 121% revenue surge is impressive, sure, but is it sustainable? Can they keep that pace up? I doubt it. And at a price of $207.18 per share, the market's already pricing in perfection.

It's like that time I bought a vintage Mustang. Looked great, sounded great, but the second I drove it off the lot, it started leaking oil and the transmission went kaput. Sometimes, the flashy exterior hides a whole lotta problems underneath. Is Palantir the tech world's equivalent of a lemon Mustang?

Offcourse, I could be wrong. Maybe Wood just had a bad day. Maybe she flipped a coin. But I suspect she saw something the rest of us are missing. Or maybe she just likes losing money. Who knows?

Meanwhile, Back in Crypto Land...

And what's this about doubling down on Bullish? A crypto exchange in this market? After the FTX implosion? After every other crypto company is laying off half their staff? Seriously?

This is a bad idea. No, "bad" doesn't cover it—this is a five-alarm dumpster fire. Peter Thiel's name attached to it doesn't make it any less risky. Remember when everyone thought Theranos was legit because it had powerful people backing it? Yeah, how'd that turn out?

So, while Wood is busy chasing crypto dreams, she's dumping a solid, growing company that's actually profitable. Makes perfect sense. According to a recent report, Cathie Wood Dumps $7.9 Million Worth Of Palantir Stock Despite 121% Revenue Surge — Ark Doubles Down On Peter Thiel's Buzzy Crypto Upstart - Palantir Technologies (NASDAQ:PLTR).

Cathie's Officially Lost It