Boardroom Talk – Two BizNews portfolio stalwarts surge on latest progress reports

By Alec Hogg.Some very good news for the BizNews tribe, as the end of last week was rounded off by superb quarterly results for two of the portfolio stalwarts. Their share prices were rewarded with double-digit-plus gains in percentage terms..Even though I am at pains to remind everyone that our portfolios are "models" and not to be slavishly replicated, it's no secret that many community members do follow the suggestions. Also, BizNews has some of its own reserves in a mirrored Shyft portfolio, which helps with the focus..___STEADY_PAYWALL___.In the three months to end September, Palantir confirmed its shift into profit with net income more than trebling to $72m, only a year after the former start-up broke into the black for the first time. After four consecutive quarters of net profits, the company is now eligible for inclusion in the S&P 500. Revenues were 17% higher year-on-year and above market expectations. .Growth in the US was 33% higher, with CEO Alex Karp noting that "companies across the US are scrambling to deploy Artificial Intelligence software platforms that will allow them to leverage the power of the latest large language models. And we have built what they need." .After its recent surge Palantir has now gained 112% (in US Dollars) since purchase and has risen to 19% of the BizNews Shyft portfolio. .Cloudflare reported revenues up 32% year on year and the fifth successive quarter of record operating profits. The company is also well exposed to the AI boom, and according to CEO Matthew Prince, it is offering "the most complete platform to deploy fast, secure, compliant AI inference at scale with Workers AI – along with several partnerships and collaborations with the who's who of AI. We believe inference is the biggest opportunity in AI.".Inference AI?.I asked ChatGPT to explain what this is to a 10-year-old… here's the answer:."Imagine your brain is like a super-smart detective that can quickly figure things out by looking at clues. Inference AI, or Artificial Intelligence, is like teaching a computer to be a detective too..Let's say you show the computer lots of pictures of cats and dogs. Over time, it learns to tell the difference between them by noticing things like 'Cats usually have pointy ears' and 'Dogs come in many different sizes'. So later, when you show it a new picture of a cat or a dog, the computer can quickly guess which one it is by using what it has learned – just like a detective using clues!".After buying Cloudflare at the absolute peak of the market and seeing it fall to a fraction of that level in the tech crash, the shares have recovered to be down 37% in US Dollars. Cloudflare accounts for 4% of the BizNews Shyft portfolio..Sterke.Alec.Read also:.Premium – Meet Greg Bortz: Saffer who returned from America to save SA's horseracingBHI Ponzi: When the Scammer Scams the Scam-SpotterBHI Ponzi: The red flags all over the trust's application forms

Boardroom Talk – Two BizNews portfolio stalwarts surge on latest progress reports

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