100% even before Black Week! Artificial Intelligence is now live! Palantir delivers, UMT goes full throttle, TeamViewer and D-Wave crash!

Commercial boom versus short attacks – Where is Palantir headed?

AI software specialist Palantir came under heavy pressure after its Q3 report, despite exceeding revenue and profit forecasts.** The primary reasons were renewed valuation warnings from analysts and the disclosure of a large short position by "Big Short" investor Michael Burry. The discussion about CEO Karp's political proximity to Trump and Thiel, as well as Palantir's role in the security and surveillance sector, is fueling the controversy, but is currently only playing a minor role in the share price. The main focus is rather on the unsettled analysts and the constant upward buying to avoid any momentum slump.

At the heart of the valuation criticism is the extremely high 2026 P/E ratio of over 250, compared to around 35 for Nvidia. Despite growth of over 40%, many investors consider this ratio to be unsustainable. Proponents, however, expect Palantir to "grow into" the valuation. But the question remains: Why should investors price in the 2030s figures today? Short sellers like Burry are betting on a correction, with him putting USD 980 million on puts with a deep base.

Palantir also faces competitive pressure from aggressive AI start-ups that are fighting for market share with flexible pricing models and rapid deployments, a factor that could weigh on the Denver-based IT experts' margins in the medium term. At the same time, Palantir is experiencing a historic growth spurt in its commercial business. The US revenue forecast for enterprises in 2026 has been raised to over USD 1.43 billion, which corresponds to an increase of approximately 100%. The key question for investors remains whether the weakening momentum can sustain the exceptionally high valuation in the long term.

United Mobility Technology AG – The new AI business model promises quantum leaps

We have been hearing a lot of news about the old small-cap acquaintance, UMT - United Mobility Technology AG, in recent days. After a successful start at the Munich Capital Market Conference (MKK), things are now in full swing. Investors are being sought, and the new business model even promises quantum leaps. Over the past two years, UMT has undergone a comprehensive restructuring after all legal risks and Buchberger losses were consistently cleared up. Following its exit from its former payment business, the Company has now been completely strategically realigned. The Management Board took on the role of restructuring the Company, eliminating legacy issues, and laying the foundation for a technology-focused business model.

At the heart of the realignment is the development of an AI platform, which has been created in recent months in collaboration with partners in England and a team of developers in the US. Since early 2025, the platform has been tested with real customers in live operations. The Company is positioning itself as a provider of AI-supported process consulting and workflow automation for small and medium-sized businesses. According to CEO Erik Nagel, this market is largely underserved because traditional IT consultants often lack AI expertise, and many clients still rely on outdated models. The new solution uses modern model frameworks from global AI development and adapts them to specific customer needs. The result is an "AI colleague" capable of performing tasks that previously required multiple employees. UMT has created its own modular framework that combines different models to analyze documents, enrich data, and automate decisions.

UMT focuses particularly on the logistics sector, where processes are highly manual, and staff shortages are acute. Tasks such as order entry, customs reconciliation, dispatching, and timesheet evaluation are automated. Thanks to the intelligent models, there is no need for lengthy training, as the focus is on adaptation rather than document learning. Integration with web and external databases significantly boosts accuracy over older neural approaches. UMT offers its services in a two-year subscription model, with pricing based on actual added value and working hours saved per case. Customers typically realize savings of between 400 and 1,500 working hours annually, which is a key decision-making factor for small and medium-sized businesses.

Overall, UMT has developed into a focused SaaS and AI product provider, integrating its solutions deeply into customer operational processes. This approach creates long-term dependencies, good margins, and recurring revenues. Management projects significant revenue growth, from approximately EUR 1.5 million today to around EUR 70 million by 2029/30. That is quite a forecast! The stock is currently still trading at a market capitalization of around EUR 3.6 million, but with this setup, a rapid rise towards EUR 3 to 5 should be expected. For perspective, Palantir trades at a P/E ratio of 200, while UMT is just 2.5 - truly a case of comparing apples and oranges!

D-Wave and TeamViewer – Here is what is going on

Boom! The recent price performance of D-Wave Quantum reflects a pronounced period of weakness that has become increasingly apparent in recent weeks. Similar trends can also be observed in other AI technology stocks, with an initial wave of profit-taking appearing to sweep across the market! However, volatility has little to do with fundamentals. Everyone is familiar with D-Wave's revenue-to-valuation ratio, which is well into triple digits. Nevertheless, experts on the LSEG platform remain optimistic: Benchmark and Stifel recently set their price targets at USD 35, while the 12-month consensus of 10 "Buy" recommendations is even higher at around USD 37.50. On Friday, brutal revenue saw the price drop to USD 20.70, which is now almost 56% below October's high of USD 46.50. We would say: price target long since reached – well, good luck!

TeamViewer is also struggling with negative headlines and is a prime example of volatile performance in the tech sector. After weak Q3 figures, the Company was forced to significantly revise down its forecast for the acquired 1E business. Investors were surprised that recurring revenue fell by 2% and total revenue fell by 8%, a bitter setback for the expected growth momentum. As a result, management revised its forecasts for the current and coming year downwards once again. Analysts did the same: Berenberg lowered its price target from EUR 14 to EUR 11 and left its rating at "Hold." ODDO is already much more cautious with a price target of EUR 7.50 and a "Neutral" rating. The consensus on the LSEG platform is still EUR 11.50, but many studies have not been updated for months. We are keeping the stock on our close watch list, as the 2027 P/E ratio has now fallen below 5 – extremely cheap for a technology stock!

The stock markets remain firmly in the grip of capital flows, which are mainly directed towards artificial intelligence, future technologies, and defense. After the recent series of minor corrections, there is now room again for tactically oriented investors to selectively build up positions. UMT AG stands out as a new AI stock, particularly in the German small-cap segment, where things could really take off in the coming weeks. We are also keeping a close eye on old protagonists such as Palantir, D-Wave, and TeamViewer! Will there be a quick rebound?