Author: Christian Darnton

Christian Darnton is the Founder of Darntons. Christian invests within public markets, specifically innovative companies and equities. He is also the host of Darntons Podcast on Spotify & YouTube, and hosts the Darntons Show on YouTube weekly.

We are upgrading Snowflake to OW due to its surge in our most recent CIO Survey and maintaining our $165 PT, which implies -30% upside from the close price. At $127, SNOW shares have sold off heavily from >$400 on November 16, 2021 (-68% decline to-date vs. -20% for S&P500 over the same period) and are now trading only slightly above their $120 IPO offering price back in September 2020. For reference, the company’s current revenue run-rate as of the latest quarter is -$1.7B vs. -$0.5B in the quarter preceding its IPO. Snowflake enjoys excellent standing among customers as evident…

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BOTTOM LINE: MAIN POINTS: BOTTOM LINE: Chair Powell reiterated that the Fed will make “continued expeditious progress toward higher rates,” and noted “financial conditions have already priced in additional rate increases, but we need to go ahead and have them” at today’s hearing in the Senate Banking Committee. Chair Powell also noted that the Fed would not engage in active sales of mortgage-backed securities anytime soon. Powell emphasized that while the FOMC is “not trying to provoke and do not think we will need to provoke a recession,” it remained “absolutely essential” for the Fed to restore price stability, and…

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Bank Of America: Palantir received a “buy” rating from Bank of America on Tuesday, with the bank initiating coverage of the data software firm with a bullish outlook on its strong position in the market for AI-based technologies. Analysts at the bank gave a price targets of $13, which would represent nearly 50% upside from Tuesday’s closing price of $8.71 Despite a rough start to the year, the BofA analysts predicted 30% growth in revenue for the Palantir, speculating that its first-mover advantage in the industry and its secure technology would give the firm a leg up as AI demand…

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Overview: Independent Mastery Of Data Systems: Management: Sales Cycle: Stock Based Compensation: Overview: Investment fund 10XDNA believes that as a society, we are facing a decade of exponential technological progress, and within the next 10 years – “our world will change more extensively and profoundly than in the last 100 years”. Recently the fund gave Palantir a $24 price target despite the huge downturn the stock has experienced within recent times. The innovative fund explains their investment decision, and in terms of fund weighting, Palantir & Tesla is jointly the largest positions in the fund. Foundry is the interplay between…

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Report On Palantir: Significance Of NHS Deal: NHS Deal: Report On Palantir: This was part of an exclusive report on Palantir & the COVID vaccination rollout. Everything so far described, and much else, also fed into a product called Foundry. The ‘much else’ included all the data for the logistics. So, just by way of example – where the vaccine was, when it was likely to arrive, to whom it had been sent, how much had been used and where, with the same applying to the ordering and distribution of all the many consumables needed, from syringes to PPE. Some…

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New Join: NHS Deal: Fears Are Mounting: Palantir is not a “data broker” or “data aggregator.” New Join: A second NHS official is set to join for Palantir after it was reported that the US software company has emerged as a “front-runner” for a £360million contract. Harjeet Dhaliwal, deputy director of data services at NHS England and NHS Improvement will follow Indra Joshi, former NHSX director of AI. A spokesperson for Palantir confirmed to Digital Health News that Dhaliwal was joining the company, but said she would not be “working on any NHS related projects”. “We are delighted that Harjeet is joining…

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Overview: Key Takeaways: INVESTMENT THESIS BASE CASE ASSUMPTION Overview: Oppenheimer: Snowflake hosted its Summit conference and investor event this week, where it highlighted (1) its growing TAM opportunity as a data cloud, (2) long-term evolution to combine both OLTP and OLAP data warehousing, (3) expanding use cases to include cybersecurity-as-a-workload, and (4) ability to query on-prem data with S3-compatible storage. It also reiterated FY29 targets ($10B revenue, 20% OM, 25% FCF margin), while noting the long-term benefits of HW/SW optimizations to incremental workload deployment on Snowflake. While seeing these as lofty targets, we believe the path to achieve them is…

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Piper Sandler Report: Observations from Summit: Raymond James Report: Piper Sandler Report: PIPER SANDLER: It has been three years since we attended the last Snowflake Summit in 2019, but in general, we came away from the user event impressed by the quality and calibre of attendees, which included many Fortune 100 customers, and the broadening number of use cases for SNOW. The primary investor pushback and fear that a consumption driven model coupled with cost optimization efforts could materially erode growth potential proved to be an overly bearish view based on our customer conversations. We recommend large-cap growth investors take…

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Take Data Science Models To The Next Level Link to the full article here: https://www.linkedin.com/pulse/take-data-science-models-next-level-palantir-technologies/ By Akshay Krishnaswamy, Chief Architect, and Anirvan Mukherjee, AI/ML Solutions Lead, Palantir Technologies Palantir Technologies Recently, organizations have been leveraging artificial intelligence (AI), machine learning (ML), and optimization (OPT) models to improve organizational decision-making. Many model-building tools — such as Sagemaker, Azure ML, DataRobot, and Dataiku — let you easily build, train, and tune models, as well as utilize out-of-the-box models to fit against specific datasets. However, the journey from development sandbox to impactful operational tool for users remains precarious. One-off AI/ML/OPT models may be…

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Wejo Platform: Richard Barlow: Functionalities Of Platform: Wejo Platform: World’s first AV platform is being built to integrate live and historic connected vehicle data.Built on Wejo’s experience with 18.4 billion daily data points and our combined 18.6 million connected vehicles data setInterpreted and powered by Wejo’s connected vehicle data intelligence, AV-OS will give any AV developer, from OEM to fleet operator, unprecedented access and supportWejo AV-OS will bring about a step-change in the acceleration of AV testing, carried out in a completely safe, virtual simulation environmentWejo believes it will cut AV program development time for leading automakers and AV fleet…

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