19 hours ago
After spending years trading like a premium-priced AI leader, Nvidia may now be among the cheapest names in Piper Sandler's AI universe. NVIDIA Corporation (NASDAQ:NVDA) is trading at an attractive valuation according to Piper Sandler's forecast, with rapid AI growth backing its trajectory.
On September 9, Piper Sandler ***** yst David O'Connor initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with an Overweight rating and a price target of $300, implying roughly 34% upside.
The firm believes that the chipmaker is an outright AI compute leader controlling 80% of the market by value and an estimated 50% by units. Owing to its annual cadence of next-generation products, it has been able to continue to drive the industry forward.
Everyone knows and agrees that Nvidia has grown at an exponential pace. Its recent results offer evidence of operational strength as well. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% year-over-year.
The chipmaker's data center revenue also surged 117% to $89 billion. GAAP gross margin was75%, while adjusted diluted earnings reached $2.22 per share. The figures highlight how Nvidia's robust demand is translating into profitability for the company.
#NVIDIA #corporation #trading #company
On September 9, Piper Sandler ***** yst David O'Connor initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with an Overweight rating and a price target of $300, implying roughly 34% upside.
The firm believes that the chipmaker is an outright AI compute leader controlling 80% of the market by value and an estimated 50% by units. Owing to its annual cadence of next-generation products, it has been able to continue to drive the industry forward.
Everyone knows and agrees that Nvidia has grown at an exponential pace. Its recent results offer evidence of operational strength as well. The company reported second-quarter fiscal 2027 revenue of $96.2 billion, up 106% year-over-year.
The chipmaker's data center revenue also surged 117% to $89 billion. GAAP gross margin was75%, while adjusted diluted earnings reached $2.22 per share. The figures highlight how Nvidia's robust demand is translating into profitability for the company.
#NVIDIA #corporation #trading #company
3 days ago
Exelixis (EXEL) stock dropped out of a buy zone Friday after the Food and Drug Administration delayed the potential approval of its new colon cancer treatment by three months. The combination includes Exelixis' zanzalintinib and Roche's (RHHBY) Tecentriq. William Blair ***** yst Andy Hsieh says it's unlikely the agency will outright reject the combo, which showed an overall survival benefit for…
#rhhby #tecentriq #william
#rhhby #tecentriq #william
4 days ago
By Mike Dolan
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
11 days ago
Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are two of the largest cloud computing providers. But which one of these hyperscalers makes for the better buy? I think there's one key metric that separates the two firms, and once you recognize it, it will be hard to consider investing in the other.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In terms of market share, Amazon Web Services (AWS) is the largest cloud computing provider in the world, with Microsoft Azure coming in second. That makes both firms very important, but of the two, it's pretty clear Amazon is growing at a faster pace.
At first glance, that **** ysis seems wrong. In their latest quarters, Azure grew by 43%, while AWS grew by 37%. But that's not what I'm talking about.
I'm looking more at the trend lines, and it's clear that AWS' growth is accelerating rapidly. During Q1, AWS's growth rate was 28%. In Q4 2025, its growth rate was 24%. Rewinding to Q3 2025, its growth rate was 20%. That's some rapid acceleration over the past year, and considering Amazon is still pouring hundreds of billions of dollars into expanding its cloud computing capacity, I won't be surprised to see AWS' growth rate continue to accelerate over the next few quarters.
#computing
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
In terms of market share, Amazon Web Services (AWS) is the largest cloud computing provider in the world, with Microsoft Azure coming in second. That makes both firms very important, but of the two, it's pretty clear Amazon is growing at a faster pace.
At first glance, that **** ysis seems wrong. In their latest quarters, Azure grew by 43%, while AWS grew by 37%. But that's not what I'm talking about.
I'm looking more at the trend lines, and it's clear that AWS' growth is accelerating rapidly. During Q1, AWS's growth rate was 28%. In Q4 2025, its growth rate was 24%. Rewinding to Q3 2025, its growth rate was 20%. That's some rapid acceleration over the past year, and considering Amazon is still pouring hundreds of billions of dollars into expanding its cloud computing capacity, I won't be surprised to see AWS' growth rate continue to accelerate over the next few quarters.
#computing
16 days ago
Apple (AAPL) has finally picked Wednesday, Sept. 9 for its next big launch event. The company will host the event at the Steve Jobs Theater in Apple Park in Cupertino, California, at 1 p.m. EST. Apple has also given the event the tagline "Surprise and shine," setting the stage for what could be a particularly interesting product reveal.
The spotlight will naturally fall on Apple's newest iPhone series, although the company could have an even bigger surprise waiting in the wings. Apple might finally unveil its long-awaited foldable phone, rumored to be called iPhone Ultra.
Forget Nvidia. Johnson & Johnson and 2 Other AI Stocks Are Beating the Market by 29 Points.
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Such a launch would represent a major milestone for Apple as ***** ysts expect high-end foldable devices to push selling prices higher while giving the company another avenue for margin growth.
#johnson
The spotlight will naturally fall on Apple's newest iPhone series, although the company could have an even bigger surprise waiting in the wings. Apple might finally unveil its long-awaited foldable phone, rumored to be called iPhone Ultra.
Forget Nvidia. Johnson & Johnson and 2 Other AI Stocks Are Beating the Market by 29 Points.
Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!
Such a launch would represent a major milestone for Apple as ***** ysts expect high-end foldable devices to push selling prices higher while giving the company another avenue for margin growth.
#johnson
20 days ago
SCHMID Group N.V. (NASDAQ:SHMD) reported a sharp increase in first-half revenue for 2026, but lowered its full-year profitability guidance after weaker-than-anticipated margins and a greater contribution from lower-margin business in China.
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
Revenue reached €46.0 million for the first six months of the year, up substantially from €16.9 million in the corresponding period of 2025. China accounted for more than half of the group's first-half sales.
Gross profit improved to €9.8 million, representing a gross margin of 21.2%. That compared with a gross loss of €1.6 million in the first half of last year.
The operating loss was broadly unchanged at €8.0 million, versus a loss of €7.8 million a year earlier. Adjusted EBITDA, which SCHMID reports as a non-IFRS measure, improved considerably to a loss of €0.6 million from a loss of €11.6 million in the first half of 2025.
However, the reported net loss widened sharply to €47.8 million from €10.2 million. SCHMID attributed much of the increase to non-cash accounting effects linked to the January 2026 conversion of the XJ Harbour liability into shares and changes in the fair value of its warrants.
#loss #half #gross #revenue
20 days ago
A two-year Medicare Part B delay locks in a permanent 20% surcharge, costing roughly $9,700 in extra premiums over 20 years on today's base rate.
COBRA and VA healthcare do not stop the Part B penalty clock. Only active employer group coverage at a company with 20 or more employees qualifies.
Part D carries its own 1% monthly late penalty applied to the national base premium, recalculated each year and permanent for life.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Medicare enrollment is not a deadline that can be easily revisited. If you miss the window, the financial consequence is not a one-time fee that eventually disappears. It is a permanent percentage added to your monthly premium for as long as you have Medicare, and it grows the longer you wait.
#base #penalty
COBRA and VA healthcare do not stop the Part B penalty clock. Only active employer group coverage at a company with 20 or more employees qualifies.
Part D carries its own 1% monthly late penalty applied to the national base premium, recalculated each year and permanent for life.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Medicare enrollment is not a deadline that can be easily revisited. If you miss the window, the financial consequence is not a one-time fee that eventually disappears. It is a permanent percentage added to your monthly premium for as long as you have Medicare, and it grows the longer you wait.
#base #penalty
21 days ago
By Jody Godoy
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states settled with Zillow ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
#Monday #trial #godoy
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states settled with Zillow ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
#Monday #trial #godoy
22 days ago
Lululemon has overhauled its leadership in Greater China, elevating its longtime China head and tapping an LVMH Moët Hennessy Louis Vuitton executive in a new role as it doubles down on growing in the market.
The Vancouver, Canada-based athleisure brand has promoted San Yan Ng, general manager of Lululemon's China business for the last eight years, to the role of regional president of China and APAC, effective immediately. Simultaneously, the company revealed the hiring of Jeffrey Hang, who has joined as senior vice president and general manager of APAC — a new role for the company and also effective immediately.
More from WWD
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Sephora Taps Chinese Idol Brand Goodbai for Cowboy-themed Collaboration
#China
The Vancouver, Canada-based athleisure brand has promoted San Yan Ng, general manager of Lululemon's China business for the last eight years, to the role of regional president of China and APAC, effective immediately. Simultaneously, the company revealed the hiring of Jeffrey Hang, who has joined as senior vice president and general manager of APAC — a new role for the company and also effective immediately.
More from WWD
Charles Leclerc on Margiela Tabis, Upcoming Grandmaster Chess Match and His Growing Family
Sephora Taps Chinese Idol Brand Goodbai for Cowboy-themed Collaboration
#China
22 days ago
NurPhoto/Getty Images
German robotics startup Neura Robotics has announced its fifth acquisition in 16 months as it races to build a physical AI platform through acquisitions.
The company announced today (Aug. 24) that it will take full ownership of Adlatus, a German maker of autonomous cleaning and sweeping robots for industry, logistics, healthcare and public ****** es.
Neura plans to add its own sensor and AI capabilities to Adlatus's fleet, which it will then fold into its shared physical AI infrastructure, the Neuraverse
"We're not buying ADLATUS just to add another cleaning robot to our portfolio," Neura CEO and founder David Reger said. "We want to give machines like this a new brain. Cleaning is a massive global labour market and, at the same time, a perfect example of what physical AI can transform. When a robot doesn't just navigate its environment but understands what it sees, senses, and needs to do, an entirely new generation of machines emerges."
#neura #german #announced
German robotics startup Neura Robotics has announced its fifth acquisition in 16 months as it races to build a physical AI platform through acquisitions.
The company announced today (Aug. 24) that it will take full ownership of Adlatus, a German maker of autonomous cleaning and sweeping robots for industry, logistics, healthcare and public ****** es.
Neura plans to add its own sensor and AI capabilities to Adlatus's fleet, which it will then fold into its shared physical AI infrastructure, the Neuraverse
"We're not buying ADLATUS just to add another cleaning robot to our portfolio," Neura CEO and founder David Reger said. "We want to give machines like this a new brain. Cleaning is a massive global labour market and, at the same time, a perfect example of what physical AI can transform. When a robot doesn't just navigate its environment but understands what it sees, senses, and needs to do, an entirely new generation of machines emerges."
#neura #german #announced
24 days ago
On August 13, Cellebrite (NASDAQ:CLBT) named a new chief executive and trimmed its full-year outlook on the same morning. Shiven Ramji stepped in as CEO effective that day, replacing Tom Hogan, while the company lowered its 2026 revenue and ARR targets after several large government deals slipped past the quarter. Management highlighted positive growth drivers during the call, including its first major FedRAMP contract for Guardian and early customer adoption for its newly launched AI platform, Genesis.
Underneath the disappointment, the underlying numbers still point up. Annual recurring revenue grew 21% year over year to $508 million, and revenue reached $131 million, up 16%, with subscription revenue making up 91% of that total. Gross margin was 86%, and adjusted EBITDA reached $31.8 million (a 24% margin). Cellebrite also raised its full-year adjusted EBITDA target to $153 million to $159 million.
Growth is also getting broader. Defense and intelligence ARR jumped 25%, and U.S. federal government growth accelerated into the mid-teens after sitting flat at the end of 2025. Asia Pacific was the standout region, growing 29%. The newer products are starting to matter too. Cellebrite closed its first major FedRAMP deal for Guardian with a long-standing US federal customer, an initial seven-figure order that was nearly 35 times the average annual spend of roughly $50,000 by a typical state or local agency. Genesis, a consumption-based AI product that launched June 10, 2026, pulled in about $400,000 in ARR within its first weeks and had already landed more than half a dozen customers by the end of the quarter, with trials expanding into the UK, Australia and Europe.
The reasons for the guidance cut are just as concrete. A handful of large transactions that management expected to close in the second quarter instead slipped beyond it, partly because of new administrative and procurement requirements tied to Cellebrite's foreign entity status with US federal and European government customers. At the same time, the shift toward the company's Insights product is not generating as much extra pricing and footprint expansion as expected, especially among US state and local government customers, where growth slowed to just below 20% from the mid-20% range a year earlier. Without newer product offerings such as Advanced Unlocks and Guardian Investigate, management said state and local government growth would have been in the mid-teens.
#Growth #quarter
Underneath the disappointment, the underlying numbers still point up. Annual recurring revenue grew 21% year over year to $508 million, and revenue reached $131 million, up 16%, with subscription revenue making up 91% of that total. Gross margin was 86%, and adjusted EBITDA reached $31.8 million (a 24% margin). Cellebrite also raised its full-year adjusted EBITDA target to $153 million to $159 million.
Growth is also getting broader. Defense and intelligence ARR jumped 25%, and U.S. federal government growth accelerated into the mid-teens after sitting flat at the end of 2025. Asia Pacific was the standout region, growing 29%. The newer products are starting to matter too. Cellebrite closed its first major FedRAMP deal for Guardian with a long-standing US federal customer, an initial seven-figure order that was nearly 35 times the average annual spend of roughly $50,000 by a typical state or local agency. Genesis, a consumption-based AI product that launched June 10, 2026, pulled in about $400,000 in ARR within its first weeks and had already landed more than half a dozen customers by the end of the quarter, with trials expanding into the UK, Australia and Europe.
The reasons for the guidance cut are just as concrete. A handful of large transactions that management expected to close in the second quarter instead slipped beyond it, partly because of new administrative and procurement requirements tied to Cellebrite's foreign entity status with US federal and European government customers. At the same time, the shift toward the company's Insights product is not generating as much extra pricing and footprint expansion as expected, especially among US state and local government customers, where growth slowed to just below 20% from the mid-20% range a year earlier. Without newer product offerings such as Advanced Unlocks and Guardian Investigate, management said state and local government growth would have been in the mid-teens.
#Growth #quarter
28 days ago
Synchrony Financial announced an enterprise collaboration with OpenAI on Monday aimed at embedding its financing products, rewards, and loyalty programs into AI-native shopping and checkout experiences inside ChatGPT.
According to CNBC, the partnership focuses on making Synchrony's store cards — covering brands such as Amazon, Walmart, and Lowe's — available for use inside ChatGPT, so shoppers can check out without being redirected elsewhere. Maran Nalluswami, Synchrony's chief strategy and business development officer, said that getting general-purpose cards functioning within ChatGPT will take roughly six to 12 months, and that integrating private-label store cards — which work only at specific retailers — could take longer because it requires additional coordination with those brands.
"What happens today is the transaction doesn't cleanly happen yet at the provider like OpenAI," Maran Nalluswami said. "We want to ensure that if a transaction's going to happen in that ecosystem, our cards are loaded up in the right spots to ensure that that transaction finishes."
Several obstacles remain before in-chat purchases become routine. Broad adoption also faces a trust gap, as many shoppers are reluctant to give AI platforms access to their payment details or to let automated agents finalize transactions for them, according to CNBC. How revenue from in-chat purchases would be divided among Synchrony, OpenAI, and the underlying retailers is another unresolved issue, with Maran Nalluswami acknowledging that those economic terms have yet to be worked out.
Synchrony also said it is in talks with Anthropic's Claude and Google's Gemini about embedding its cards in those platforms.
#cards #nalluswami #according
According to CNBC, the partnership focuses on making Synchrony's store cards — covering brands such as Amazon, Walmart, and Lowe's — available for use inside ChatGPT, so shoppers can check out without being redirected elsewhere. Maran Nalluswami, Synchrony's chief strategy and business development officer, said that getting general-purpose cards functioning within ChatGPT will take roughly six to 12 months, and that integrating private-label store cards — which work only at specific retailers — could take longer because it requires additional coordination with those brands.
"What happens today is the transaction doesn't cleanly happen yet at the provider like OpenAI," Maran Nalluswami said. "We want to ensure that if a transaction's going to happen in that ecosystem, our cards are loaded up in the right spots to ensure that that transaction finishes."
Several obstacles remain before in-chat purchases become routine. Broad adoption also faces a trust gap, as many shoppers are reluctant to give AI platforms access to their payment details or to let automated agents finalize transactions for them, according to CNBC. How revenue from in-chat purchases would be divided among Synchrony, OpenAI, and the underlying retailers is another unresolved issue, with Maran Nalluswami acknowledging that those economic terms have yet to be worked out.
Synchrony also said it is in talks with Anthropic's Claude and Google's Gemini about embedding its cards in those platforms.
#cards #nalluswami #according
1 month ago
Manus announced Tuesday that it will resume operating as an independent company, as it works to comply with Beijing's order to reverse Meta's $2 billion acquisition of the startup.
Manus is an AI agent startup that originated in China in 2022 and later moved its base to Singapore, according to CNBC. Meta announced the acquisition of Manus in December 2025. China's National Development and Reform Commission issued a directive in April ordering the parties to unwind the transaction, citing the country's rules on foreign investment.
As part of the separation, some Manus users will have data deleted. Specifically, for users in certain jurisdictions, any data created from December 29, 2025 onward — the day the acquisition closed — is slated for removal. "This is part of our separation from Meta; we must take this step to comply with regulatory requirements in specific parts of the world," the company said.
Affected users have a backup window open through 7:59 p.m. EDT on August 22. Data will be deleted August 23 through August 24, and users will be able to restore their backed-up data starting August 25. Manus said it will not charge affected users during the backup period.
The unwinding process has been underway for months. Meta cut off Manus staff from its internal data systems and barred Meta employees from using Manus tools, in steps toward operational separation. China's NDRC order made clear that offshore incorporation does not shield a deal from Beijing's authority when the underlying technology and talent originated in China — a structure critics had called "Singapore washing." Co-founders Xiao Hong and Ji Yichao were required to appear before Chinese officials in Beijing in March and have since been prohibited from traveling abroad.
#meta #august #users #acquisition
Manus is an AI agent startup that originated in China in 2022 and later moved its base to Singapore, according to CNBC. Meta announced the acquisition of Manus in December 2025. China's National Development and Reform Commission issued a directive in April ordering the parties to unwind the transaction, citing the country's rules on foreign investment.
As part of the separation, some Manus users will have data deleted. Specifically, for users in certain jurisdictions, any data created from December 29, 2025 onward — the day the acquisition closed — is slated for removal. "This is part of our separation from Meta; we must take this step to comply with regulatory requirements in specific parts of the world," the company said.
Affected users have a backup window open through 7:59 p.m. EDT on August 22. Data will be deleted August 23 through August 24, and users will be able to restore their backed-up data starting August 25. Manus said it will not charge affected users during the backup period.
The unwinding process has been underway for months. Meta cut off Manus staff from its internal data systems and barred Meta employees from using Manus tools, in steps toward operational separation. China's NDRC order made clear that offshore incorporation does not shield a deal from Beijing's authority when the underlying technology and talent originated in China — a structure critics had called "Singapore washing." Co-founders Xiao Hong and Ji Yichao were required to appear before Chinese officials in Beijing in March and have since been prohibited from traveling abroad.
#meta #august #users #acquisition
1 month ago
SpaceX (NASDAQ: $SPCX) has reported a $540 million U.S. paper loss on its Bitcoin (CRYPTO: $BTC) holdings.
The commercial ****** e company led by Elon Musk maintained its holdings of 18,712 Bitcoin, according to the company's first earnings report as a public company.
However, the value of ****** eX's BTC holdings declined to $1.10 billion U.S. by June 30 from $1.64 billion U.S. at the end of 2025.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#spcx #elon #musk
The commercial ****** e company led by Elon Musk maintained its holdings of 18,712 Bitcoin, according to the company's first earnings report as a public company.
However, the value of ****** eX's BTC holdings declined to $1.10 billion U.S. by June 30 from $1.64 billion U.S. at the end of 2025.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#spcx #elon #musk
1 month ago
Palantir shares surged north by more than 27% on Tuesday after the company reported quarterly earnings that CEO Alex Karp called "otherworldly" in a call with ******* ysts Monday evening.
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
1 month ago
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2 months ago
By Georgina McCartney
July 30 (Reuters) - Oil fell on Thursday in volatile trade as investors considered proposed plans for a Saudi Arabia-led maritime coalition to boost defence cooperation around the Red Sea, reversing a rise in prices earlier in the session after Washington and Tehran traded strikes on each other's military targets again.
Brent futures were down $1.26, or 1.39%, at $89.48 a barrel at 12:41 p.m. EDT after touching a high of $93.31.
U.S. West Texas Intermediate crude futures were down 53 cents, or 0.63%, at $83.93, after hitting a high of $85.94.
Saudi Arabia is seeking to lead a coalition with other countries to boost defence cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defence ministry said 14 states including Turkey, Pakistan, Egypt, Sudan and Djibouti have issued a joint statement in support of the proposed multinational maritime defence coalition.
#defence #maritime
July 30 (Reuters) - Oil fell on Thursday in volatile trade as investors considered proposed plans for a Saudi Arabia-led maritime coalition to boost defence cooperation around the Red Sea, reversing a rise in prices earlier in the session after Washington and Tehran traded strikes on each other's military targets again.
Brent futures were down $1.26, or 1.39%, at $89.48 a barrel at 12:41 p.m. EDT after touching a high of $93.31.
U.S. West Texas Intermediate crude futures were down 53 cents, or 0.63%, at $83.93, after hitting a high of $85.94.
Saudi Arabia is seeking to lead a coalition with other countries to boost defence cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden. The Saudi defence ministry said 14 states including Turkey, Pakistan, Egypt, Sudan and Djibouti have issued a joint statement in support of the proposed multinational maritime defence coalition.
#defence #maritime
