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benzinga.com
160 days

Palantir Calls For 'Software-First Approach' As Pentagon Spends Under 1% On Modern Warfare - Tesla (NASDAQ:TSLA), Palantir Technologies (NASDAQ:PLTR)

1. Palantir's Samantha Clark urges Pentagon to adopt commercial software. 2. DOD spends less than 1% of its budget on software solutions. 3. Tech companies invested $227 billion in R&D, much more than DOD. 4. Palantir's government revenue increased 45% year-over-year to $343 million. 5. Analysts predict strong growth potential for PLTR, comparing it to Tesla.

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Why Bullish?

Palantir's advocacy for commercial software positions it favorably for government contracts. Historical trends show that increased defense spending often benefits tech companies that provide innovative solutions.

How important is it?

The article highlights a strategic shift in Pentagon spending that directly benefits PLTR's business model and future growth prospects. Increasing reliance on software in defense can lead to substantial contract opportunities.

Why Long Term?

Shift in Pentagon policy to commercial solutions indicates future revenue growth for PLTR. Similar government contract expansions historically boost tech stock valuations over time.

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