Bad times are incredibly good for Palantir: CEO Alex Karp

Colorado-based software firm Palantir's CEO Alex Karp told CNBC that the technology sector is going through "bad times" due to surging interest rates. "Bad times are incredibly good for Palantir," Karp stated, adding that such a period uncovers the durable companies. He further said that this "deadly tidal wave" of macroeconomic uncertainties will "wipe out some companies".