In a recent appearance on Schwab Network's the Market on Close with Marley Kayden and Sam Vardas, Chris Wang provided expert insights on PLTR, WRBY and CHWY.

Palantir (PLTR)

  • US Commercial revenue surged +150% YoY in Q2, accelerating from previous quarters. With 220 deals over $1 million closed in the quarter and a Net Retention Rate of 157%, existing enterprise customers aren't just staying—they are spending significantly more.
  • Palantir beat Wall Street estimates on both top and bottom lines, leading analysts to raise full-year revenue and margin targets. More importantly, management expects its US business (both Commercial and Government) to sustain or exceed its current growth rates for the next 18 months
  • Enterprise demand is shifting toward “sovereign AI”—where businesses balance open-source, smaller models, and frontier models without handing their IP over to a single tech giant. Goldman Sachs notes that Palantir is uniquely positioned to capture this demand by embedding AI directly into complex customer workflows.

Warby Parker:

Google AI glasses launch is just a few weeks away. Gen2 in 2027. Numbers still don’t reflect anything from AI contribution. The glasses will translate into revenue acceleration in the next several quarters. People will go into the stores to test of the glasses and either purchase them or maybe even just regular glasses. AI could be a tech cycle that drives several years of growth for Warby and Google. In addition, they are expanding square footage growth; they only have 300 stores in the US (vs almost 1000 Lenscrafters.

Chewy:

84% of revenue is from auto-shipping; very rare in retail to find a company that essentially has recurring revenues.

Chewy has quietly been building a vet/health business for 7 years; higher margin as well; they could double their EBITDA margin from 5% to 10% over the next 5 years; 60 clinics by year end (8 clinics in 2024) – plan to open 10-12 new in 2026; clinics are 22% EBITDA margin and drive 3.5M in revenue per clinic.