Bloomberg Television·2025-11-04 21:51Company Performance - Palantir's revenue has exceeded analysts' estimates for 21 consecutive quarters [1] - Hertz swung to a third-quarter profit, aided by lower depreciation, with net income of $184 million, or $0.42 per share, compared to a loss of $1.33 billion, or $4.34 per share, the year prior [4][5] - Uber's total bookings grew 21% to $49.7 billion for the quarter, topping estimates [8] Market Trends and Analysis - Palantir's valuation is under scrutiny, with investors questioning the sustainability of the AI rally [1] - Palantir's stock has soared more than 170% this year, with a price-to-sales ratio of 85 as of Friday, the highest in the S&P 500 index [2] - Investors desired more guidance from Palantir regarding the following year and a clearer sense of the outlook for 2026 [3] - Uber's stock declined despite crushing earnings estimates due to a miss on third-quarter operating income and an adjusted earnings forecast for the current period falling short of estimates, partially attributed to undisclosed legal and regulatory matters [7] Strategic Initiatives - Hertz is swapping out older cars for newer fleet and selling used cars on Amazon to offload vehicles to retail buyers for higher profits [4][5] - Netflix is in talks to license video podcasts distributed by iHeartMedia, potentially competing with YouTube [9]