{
}
Wendy’s is leveraging Palantir Technologies' AI capabilities to enhance its supply chain management, ensuring readiness for increased demand from promotions like the $1 Frosty. This strategy aims to attract customers away from larger competitors such as McDonald’s.
On Election Day, Jim Cramer identified ten stocks likely to thrive under either Vice President Kamala Harris or former President Donald Trump, emphasizing companies with strong management and resilience to political shifts. Highlighted stocks include Walmart, Costco, TJX, Netflix, T-Mobile, Palo Alto Networks, CrowdStrike, Palantir, GE Vernova, and Cintas, all positioned to benefit from ongoing market trends and consumer needs.
Palantir Technologies saw its shares surge 23% to a record high of $51.19 after reporting a 30% revenue increase to $726 million in Q3, surpassing analyst expectations. The company also provided optimistic fourth-quarter revenue guidance of $767 million to $771 million, driven by strong U.S. government performance and growing demand for AI tools. Analysts have raised price targets, highlighting Palantir's competitive edge in generative AI and data security.
Stock futures were flat ahead of the U.S. presidential election, with the Dow slipping 17 points and S&P 500 futures down slightly. Palantir surged 13% on strong earnings, while NXP Semiconductors fell over 5% due to a weak outlook. Market volatility is expected as investors await election results and the Federal Reserve's rate decision.
Palantir Technologies reported strong third-quarter results, with a 30% year-over-year revenue growth to $726 million, surpassing expectations. CEO Alex Karp highlighted a surge in AI demand, particularly from U.S. government clients, and raised the company's 2024 revenue guidance to $2.805 billion to $2.809 billion. Despite challenges in international markets, Palantir's shares soared 13% in after-hours trading, reflecting a 141% increase for the year.
Meta Platforms Inc. has authorized US government agencies and defense contractors to utilize its AI models, specifically the Llama large language models. This initiative allows over a dozen organizations, including Lockheed Martin, Booz Allen Hamilton, and Palantir Technologies, to integrate Meta's technology into military and national security operations.
This week, market attention is on the U.S. presidential election and the Federal Reserve's interest rate decision, with expectations of a quarter-point cut. Key earnings reports are anticipated from tech firms like Palantir and Microchip Technology, alongside pharmaceutical companies such as Novo Nordisk and Gilead Sciences. Economic data releases include consumer credit and trade deficit figures, which could influence market sentiment.
Global stock markets are declining due to disappointing earnings from tech giants Microsoft and Meta, alongside pre-election uncertainties. The US economy grew by 2.8% in Q3, missing forecasts, while job openings fell significantly. Key upcoming events include the US presidential election and interest rate decisions from the RBA and FOMC.
Voyager Space has appointed Matt Magaña, a veteran from the defense industry, as executive vice president of its national security business. The company aims to leverage its technologies and partnerships to support defense programs, focusing on areas like missile propulsion and advanced navigation. Voyager is also exploring AI applications for national security, collaborating with Palantir Technologies on potential solutions.
Palantir Technologies Inc. has experienced a nearly 150% surge this year, adding around $60 billion in market value, driven by its S&P 500 inclusion and AI advancements. However, analysts predict a significant downturn, with an average target suggesting a decline of over 30% in the next year, marking the highest expected drop among US benchmark stocks.
Palantir Technologies Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
wendys partners with palantir ai to manage frosty promotion demand
11:30 07.11.2024
stocks poised for success under harris or trump according to jim cramer
Costco Wholesale Corporation
Palantir Technologies Inc.
Walmart Inc.
T-Mobile US, Inc.
Netflix, Inc.
The TJX Companies, Inc.
Palo Alto Networks, Inc.
Cintas Corporation
GE Vernova Inc.
CrowdStrike Holdings, Inc.
USA
Donald Trump
Jim Cramer
Kamala Harris
Show more
00:11 06.11.2024
palantir shares surge 23 percent on strong earnings and positive guidance
18:04 05.11.2024
stock futures steady as election approaches amid mixed earnings reports
NXP Semiconductors N.V.
Palantir Technologies Inc.
Wynn Resorts, Limited
USA
NLD
Adam Parker
Jerome Powell
Show more
00:01 05.11.2024
palantir shares rise 13 percent on strong revenue and ai demand
United States Dollar
Palantir Technologies Inc.
S&P Global Inc.
USA
Alex Karp
Joe Lonsdale
David Glazer
Show more
22:39 04.11.2024
meta provides ai models to us defense agencies and contractors
United States Dollar
Lockheed Martin Corporation
Palantir Technologies Inc.
Booz Allen Hamilton Holding Corporation
Meta Platforms, Inc.
USA
Booz Allen Hamilton
Palantir Technologies
Lockheed Martin
Show more
18:00 04.11.2024
markets brace for election results and federal reserve interest rate decision
United States Dollar
Microchip Technology Incorporated
Arm Holdings plc
Toyota Motor Corporation
Palantir Technologies Inc.
Novo Nordisk A/S
USA
ITA
JPN
David Joyner
Jerome Powell
Karen Lynch
Show more
13:00 03.11.2024
global stocks decline as tech earnings disappoint and election uncertainty looms
Chinese Yuan
United States Dollar
Euro
Australian Dollar
Japanese Yen
QUALCOMM Incorporated
Microsoft Corporation
Meta Platforms, Inc.
Airbnb, Inc.
Lyft, Inc.
Palantir Technologies Inc.
CHN
AUS
JPN
USA
Show more
06:22 01.11.2024
voyager space appoints matt magaña to lead national security division
Raytheon
MDA Space Ltd.
Mitsubishi Corporation
Lockheed Martin Corporation
Airbus SE
Palantir Technologies Inc.
USA
JPN
Matt Magaña
Matt Kuta
Show more
19:18 31.10.2024
palantir shares face potential decline after significant market rally
14:15 24.10.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People: