Tom Nash Updates

$PLTR has been getting punched in the face lately because the market has convinced itself that OpenAI and Anthropic are coming for Palantir.

I think that is moronic.

Saying LLMs are eating Palantir is like saying paint brush manufacturers are putting painters out of business…

OpenAI and Anthropic are building the brains. Palantir is building the nervous system that actually connects the brain to the body.

Big difference.

The model can tell you what it thinks. Palantir helps a company decide whether that answer is using the right data, whether it fits the right workflow, whether the right human signed off, and whether the action actually gets pushed into the real system where money, logistics, defense, fraud, supply chains, hospitals, or governments operate.

That is the part people keep missing.

LLMs are insanely valuable, but as the major models keep improving, they are also starting to look more similar. GPT, Claude, Gemini, Grok, all of them are getting better. The gap between them is no longer the whole story.

For enterprises, the real question is not just, “Which model gives me the smartest answer?”

The real question is:

Can I trust this answer?

Can I trace where it came from?

Can I control who approves it?

Can I plug it into my existing systems?

Can I use it without blowing up compliance, security, privacy, or operations?

That is where Palantir lives.

OpenAI and Anthropic are trying to build intelligence. Palantir is trying to turn intelligence into operational outcomes.

Those are not the same business.

One is the engine. The other is the factory floor, the dashboard, the permission layer, the audit trail, the operator, and the process that turns the engine into actual production.

So when people say, “What if OpenAI replaces Palantir?” my answer is simple:

That is like saying Ferrari replaces roads because Ferrari makes a great engine.

Good luck driving that thing through a hospital procurement system, a defense agency, or a Fortune 500 compliance department.

That is why I have been doubling down on Palantir recently.

Not because Palantir has no risk. It absolutely does. Valuation risk is real. Execution risk is real. Expectations are sky high.

But the competition fear is misunderstood.

The market is treating Palantir like it is competing with the model companies.

I think Palantir is the company enterprises call when they want to actually use the models without setting the building on fire.

Key phrases from Tesla’s own document: “Humans are toolmakers. At Tesla, we make physical products at scale and at low cost with the goal of making life better for everyone.” $TSLA

I don’t think the bleeding we are seeing right now marks the end of the bull market.

Yes, stocks are getting hit. Yes, some froth is coming out. Yes, a few speculative names are getting slapped around because apparently gravity still exists.

But the big story is not changing.

The Mag 7 are locked in an AI arms race.

They are burning insane amounts of cash flow on data centers, chips, power, infrastructure, cloud capacity, models, and everything else required to dominate the next decade.

And now, for some of them, internal cash flow alone is not enough. Debt, equity issuance, creative financing, whatever it takes, the machine keeps moving.

Why?

Because with the data they have, the customer demand they see, and the real time usage trends inside their own businesses, they clearly believe the return on this AI buildout is worth it.

Are there pullbacks? Of course.

Are there shakeouts? Absolutely.

The market needs those. 

Every once in a while, it has to drain the stupidity from the speculative corners before everyone starts acting like every AI press release deserves a 40% rally.

But big picture, nothing I see tells me this train is stopping.

The AI capex cycle is alive.

The biggest companies in the world are still spending like crazy.

The competition is still escalating.

And as long as that continues, I don’t see the bull case as dead.

Tesla stock popped ~1.7% in pre-market trading following Nvidia’s robust Q3. Nvidia posted $57 billion in revenue, beating estimates, and guided $65 billion for Q4. $TSLA $NVDA 

Musk’s X vs. $AAPL Elon doesn’t start fights to win them. He starts them to change the rules. Whether Apple bends or not, he’s already reshaping the conversation.

Palantir vs. Oracle: The Old Guard Meets the Algorithm 
This isn’t a rivalry — it’s a relay. Oracle ruled the database age. Palantir’s taking the baton for the AI age. By 2030, Oracle might still be running the databases. But Palantir? It’ll be running the world that runs them. $PLTR $ORCL

Tesla taps SpaceX engineering, SpaceX uses Tesla batteries, xAI’s Grok powers vehicle intelligence, Neuralink advances interfaces, and X connects everything across Elon’s growing ecosystem. $TSLA

Alex Karp is back with another big idea about the future of work, saying AI will make large scale immigration “obsolete.” His point isn’t about politics. It’s about economics. $PLTR 