US stocks surged with the Dow up 2% and the Nasdaq rising 2.4% after Treasury Secretary Scott Bessent indicated a potential deal with Iran to reopen the Strait of Hormuz, easing oil supply concerns and causing oil prices to fall over 5%. Palantir's shares soared nearly 30% following a strong earnings report driven by AI demand, while Caterpillar and other AI-related tech stocks also gained. This optimism reflects broader market strength with over 84% of S&P 500 companies beating earnings expectations, signaling positive momentum ahead.
Nvidia has chosen Palantir to manage the software for its complex 1.3 million-part AI supply chain, marking a significant endorsement despite recent criticism from Jim Cramer, who labeled Palantir "ice cold." This partnership integrates Palantir's Fo...
Nvidia and Palantir have jointly developed a sovereign AI stack designed to improve industrial supply chain management, using Nvidia's Nemotron models and cuOpt software combined with Palantir's Foundry and Ontology. Nvidia is the initial user, apply...
Michael Burry, known for his bearish stance on AI-related stocks like NVIDIA and CoreWeave, has reduced his short positions by closing December 2026 put options on NVIDIA due to rapid time decay and strong stock performance. Despite this, he maintain...
Palantir's stock has surged over 1,700% since its 2020 IPO, but shares have declined slightly this year despite a strong Q2 with 92.83% revenue growth and a 149% increase in U.S. commercial revenue. CEO Alex Karp described the quarter as "otherworldl...
Palantir reported a 93% increase in Q2 revenue, with U.S. commercial revenue soaring 149%. The company's U.S. commercial total contract value (TCV) rose 153% to $2.13 billion, indicating robust demand. A new partnership with Nebius aims to accelerate...
