Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp fiercely defended the company’s operations and criticized those who have been skeptical of its valuation.

Karp Takes Aim At Critics

Karp spoke at the sidelines of the Yahoo Finance Invest Conference on Thursday, where he took a strong stance against the company’s valuation critics. He challenged the analysts who had rated Palantir’s stock as a sell at $6, $12, or $20, accusing them of pushing regular Americans out of a major tech success story. 

He said that, in his view, Palantir is one of the only companies where the average American invested while more sophisticated investors stayed on the sidelines or sold.

Karp also pushed back against critics who label Palantir a surveillance tool, calling them "parasitic" and saying they misunderstand both the product and the country that made it possible.