Alibaba stock is up on news of Apple AI partnership
Chinese e-commerce company is up 3% in premarket trading after a big rally overnight in Hong Kong following a report from The Information yesterday that it was partnering with to develop AI features...
Palantir CEO Karp to hold live AMA Wednesday
It’s been a topsy-turvy morning for , which opened up as much as 1.6% before slipping into negative territory. Share of the defense and corporate AI software provider — up more than 50% year to date —...
Meta is cutting 5% of its workforce, extending its AI-driven efficiency era
Less than two weeks after reporting that the company had grown its headcount in 2024, Meta is doubling down once again on its efficiency-first ways. As of Monday morning, the Facebook parent company b...
Wedbush boosts Palo Alto Networks price target on “beatable” earnings and increased momentum in the field
Wedbush tech analyst Dan Ives is bumping up his price target on Palo Alto Networks ahead of the release of the cybersecurity company’s quarterly report later this week. He now sees the stock running t...
Palantir leaned on DC lobbying to build a relationship with its biggest client
executives like to paint themselves as Washington outsiders who have depended on the sheer quality of their software to crack through the sclerotic bureaucracy that controls access to the Pentagon bud...
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Palantir’s pop bodes well for these other firms, UBS says
earnings-driven 34.4% romp last week was one for the ages, helping the software and AI contractor retake the top spot in the S&P 500 so far this year. (Palantir, which joined the index last September...
Pinterest is using AI to pump up sales, sending its stock soaring
The most valuable companies on earth are struggling to assure investors that artificial intelligence will actually bolster their bottom line. Pinterest is already there. Juiced by AI, reported bringi...
Palantir value now tops McDonalds’s, IBM, and Amex
Here’s a quick bit of context on remarkable surge this week, after posting strong Q4 numbers Monday. The stock is up nearly 7% again today and is up more than 30% for the week, shortly before 1:30 p....
Palantir’s share surge bends Wall Street’s view
Wall Street’s well-entrenched skepticism on share price is bending under the stress of the stock’s remarkable continued surge. The stock is up more than 20% this week after busting through analyst ex...
Workday shares jump on layoff announcement and AI investment plans
shares rose nearly 3% after the company announced plans to cut 1,750 jobs, or 8.5% of its current workforce, in an 8-K filing on Wednesday. The layoffs are part of a broader company strategy to expand...
Palantir analyst: “We acknowledge that we were wrong”
Morgan Stanley analysts, who have been some of Wall Street’s most outspoken skeptics on the run-up in the share price of , modified some of their views in the aftermath of the company’s knockout Q4 re...
Palantir bear: Valuation “nearly impossible to grow into”
results earned a tip of the cap even from analysts deeply skeptical of the current stock price. ( There are many .) Deutsche Bank’s Brad Zelnick, who has a sell rating on the stock, acknowledged the s...
Palantir bull: It’s a “transformational” tech stock
Wall Street’s reviews are starting to roll in after creamed expectations for Q4 sales and adjusted earnings Monday. Bullish tech analyst Dan Ives of Wedbush Securities wrote: “There are some transform...
Palantir tops $100
Well, the numbers were good and the market likes it. delivered a classic beat and raise. Its commercial numbers — where it’s been talking up the reception of its AI offerings — were better than expec...
Palantir goes parabolic on robust earnings, strong guidance
Retail trading favorite is mooning 15% in the after-hours session after posting much stronger quarterly results than Wall Street analysts had expected, with a rosy outlook to boot. For the three mont...
Retail traders’ zest for Palantir put to the test as earnings await
It’s earnings day for Palantir, arguably the hottest retail stock of the moment. That steadfast retail shareholder base came in handy after endured a pretty gnarly 19% drop between January 3 and Janu...
Atlassian’s blockbuster earnings are radically altering Wall Street’s outlook for the software company
Shares of Australia-based software company are going parabolic in early trading after its quarterly revenues and adjusted earnings per share exceeded every analysts’ estimate. Management also boosted...
How Tim Cook spins iPhone flaws into gold
seemed to have posted mixed earnings on Thursday. While it was the “best quarter ever” for overall revenue, up 4% in its holiday quarter to a record $124.3 billion, that was largely thanks to its boom...
Apple’s AI phone utterly failed to drive sales
Apple’s iPhone revenue declined nearly 1% to $69.1 billion in its all-important holiday quarter, compared to the same period one year prior. Analysts had expected a 1.4% increase. It’s disappointing n...
How Meta plans to recoup its billions in AI investment
The year ahead for is all about AI. But the year after that will be all about monetizing it. The company is currently training Llama 4, the next iteration of its large language model, which it expect...