$Palantir Technologies Inc.(PLTR)$
As expected, tech stocks have surged significantly. I casually looked up several platform companies in the US stock market, and the numbers are really eye-catching. VMware had a revenue of $12.8 billion in 2022 before being acquired by Broadcom, which valued the company at $69 billion. EQIX has a revenue of $8.2 billion and a profit of $1 billion, with a market value of $89 billion. ServiceNow has a revenue of $11 billion and a profit of $1.4 billion, with a market value of $208.4 billion. PLTR has a revenue of $2.9 billion and a profit of $460 million, with a market value of $236.5 billion (I couldn't believe my eyes when I saw this number and checked it three times before writing it down). Both China and the US are major internet and technology powers. When will our tech companies be able to achieve such revenues and market values?
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