Executive Summary
Robinhood's CIO Stephanie Guild delivered a sobering reality check on market valuations during a wide-ranging discussion that exposed the growing disconnect between price and fundamentals. Her most striking observation: Palantir trades at a $420 billion market cap on just $4.3 billion in expected 2025 sales—a revenue multiple that defies gravity even in today's AI-euphoric market. Guild's team actually owned Palantir but sold in October, sensing 'near-term' pressure that has since materialized a...
Key Investment Opportunity
The Valuation Normalization Trade
Palantir represents the most extreme example of AI/defense euphoria pricing in decades of perfect execution. With insiders selling aggressively and the company trading at 437x earnings on a $448 billion market cap, the risk-reward is asymmetric to the downside. Guild's team, sophisticated institutio...
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