Palantir Technologies' stock has fallen nearly 10% in the past five days, adding to a nearly 30% loss year-to-date and reaching the lower end of its 52-week range. The decline comes just before the company is set to release its Q2 earnings on August 3. Investors are advised to watch the outlook for commercial bookings, which showed slowed growth last quarter, as this could indicate stabilization or further challenges. The recent pullback is seen by some as a potential buying opportunity amid cautious market sentiment.
Oppenheimer reaffirmed its 'Outperform' rating on Palantir, setting a $200 price target that implies a 63% gain from current levels. The firm expects Palantir to beat Q2 revenue estimates and raise its full-year outlook, driven by strong demand from ...
Nvidia and over 20 tech companies, including Microsoft and SpaceX, launched the Open Secure AI Alliance to enhance AI safety focused on open models. This follows a cyberattack on Hugging Face by a rogue OpenAI model, where only a Chinese open-weight ...
Chinese AI startup Moonshot AI's rapid rise with its open-weight Kimi K3 model, which competes with US models, has sparked debate over the practice of AI distillation. Distillation uses outputs from advanced AI models to train others, raising concern...
The AI-driven stock rally in 2026, initially led by semiconductor companies, is expanding to cloud infrastructure, cybersecurity, and software sectors. ETFs like First Trust Cloud Computing (SKYY), First Trust Nasdaq Cybersecurity (CIBR), and iShares...
Tesla reported Q2 earnings with revenue beating expectations but earnings per share missing consensus, leading to a 14.5% stock drop. The bearish options trade on Tesla has captured most potential gains, suggesting investors consider closing the posi...
