🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Putin Will 'Lose His Life' If He Loses The War: Why Palantir Chief Says War Not Likely To End In Ukraine

Published 17/01/2023, 18:01
© Reuters.  Putin Will 'Lose His Life' If He Loses The War: Why Palantir Chief Says War Not Likely To End In Ukraine

Benzinga - Ukraine is using Palantir Technologies Inc (NYSE: PLTR) software effectively in the war with Russia, but CEO Alex Karp believes Russian President Vladamir Putin won't stop with Ukraine.

"It's very hard to know what's going to happen, but you have an adversary who is zero-sum," Karp said Tuesday in an interview at the World Economic Forum aired on CNBC's "Squawk Box."

What To Know: As Russia continues to push forward in the Donbas region in east Ukraine, Karp is warning that the Russian president isn't going to stop.

"If Putin goes home and says 'hey, we lost,' he will lose his life," Karp said.

"I don't think the war is likely to end in Ukraine."

The Palantir CEO told CNBC that Putin will continue pushing forward even though Ukraine has shown that it can win the war using Palantir technology combined with heroism.

If the West allows Putin to continue pushing forward, violating the sovereignty of Ukraine, it will set a horrible precedent, he said: "So we can't allow that to happen."

Why It Matters: Karp previously suggested the war could end if Putin fails, but it doesn't look like a failure, however, Putin's reign could be coming to a close via removal by the Russian government.

Over the weekend, Geopolitical strategist Alp Sevimlisoy told Benzinga that coups are forming within the government aimed at removing Putin from power.

Putin's successor "would have to pick between a desire to atone for their actions and seek re-entry into the community of nations or to move further into an isolated position globally," Sevimlisoy said.

Check This Out: EXCLUSIVE: Putin 'Surveilling Domestic Power Brokers' As Ukraine Invasion Fails, Says Expert — 'Many Vying For The Top Seat'

What's Next: Karp told CNBC that Palantir's business is stronger than it's ever been and suggested the strength could continue based on his warning of what's to come.

"We are the world's best, in my view, at building software before people need the software," Karp said.

PLTR Price Action: Palantir has a 52-week high of $15.75 and a 52-week low of $5.92.

The stock was up 0.29% at $6.98 at the time of writing, according to Benzinga Pro.

Photo: Carmen Rodriguez from flickr.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.