The AI Application Giant Prints Cash at 51% Margins While the Data Warehouse Burns Through Hundreds of Millions
Palantir (NYSE: PLTR) and Snowflake (NYSE: SNOW) just reported earnings revealing two companies attacking AI from opposite ends of the stack. Palantir posted 63% revenue growth with 51% operating margins. Snowflake grew 29% but burns cash with a negative 27% operating margin. One Prints Cash While Building AI Applications. The Other Burns It Building Infrastructure. Snowflake's quarter looked solid on the surface. Revenue hit $1.21 billion, beating estimates, with product revenue up 29%. Net revenue retenti ...