Palantir

Palantir Technologies (NYSE: PLTR) seems to be in the right place at the right time. Investor optimism about artificial intelligence (AI) is rising, while global tensions could boost demand for the company's military targeting and analytics software. But with Palantir's shares already up by 161% in 2024, how much longer…

Key Points Michael Burry's management fund, Scion Asset Management, revealed $1.1 billion in put options for Nvidia and Palantir stocks. 13F filings are a snapshot in what coould be a fast-changing portfolio. Hedge funds often make best on short-term moves and don't necessarily tell you what they think of a…

US stock market Friday closing : The Nasdaq Composite rebounded on Friday, driven by a surge in key technology stocks, after suffering its worst day in more than a month, as per a report. The tech-heavy index gained 0.6%, snapping a three-day losing streak, while the S&P 500 rose 0.3%,…

Alex Karp, the CEO of defense contractor Palantir, has been on the offensive lately. The billionaire with a penchant for making off-the-cuff remarks has sought to tamp down ongoing criticism and doubts about his firm, which is not only playing a pivotal role in the current presidential administration but has…

TLDR Palantir reported Q3 revenue of $1.18 billion, up 63% year-over-year, with net income rising 40% to $475.6 million The stock dropped 14% in the week following the November 4 earnings release despite record results U.S. commercial revenue surged 121% to $397 million, while U.S. government revenue jumped 52% to…

Home Market News Dow Jones gains 1,000 points in three sessions, ends at record high on shutdown optimism The Dow Jones surged, while other indices recovered on Tuesday, despite Michael "big short" Burry alleging that AI hyperscalers have artificially inflated their earnings numbers by understating their depreciation expenses on projections…

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This Media Buying Briefing covers the latest in agency news and media buying for Digiday+ members and is distributed over email every Monday at 10 a.m. ET. More from the series → Besides announcing solid third-quarter earnings last week (revenue is up, costs are down, new business has been steady),…

Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023. Jonathan Ernst | Reuters With Palantir's stock plummeting more than 11% this week despite a better-than-expected earnings report, CEO Alex Karp took aim at investors betting against the software company. Karp, who…