After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. While the Nasdaq and the S&P 500 posted modest gains, the narrower Dow showed a more notable move to the upside.The major averages all finished the day in positive territory. The Dow jumped 408.44 points or 0.9 percent to 47,882.90, the Nasdaq rose 40.42 points or 0.2 percent to 23,454.09 and the S&P 500 climbed 20.35 points or 0.3 percent to 6,849.72.The advanced by the Dow c ...

Core Insights - Physical Intelligence, a robotics startup, has raised $600 million in a new funding round, achieving a valuation of $5.6 billion [1] Company Summary - The company focuses on developing artificial intelligence software to enable robots to learn a wide range of tasks [1]

Palantir (PLTR) stock fell 7.95% on Tuesday as the company reported a strong quarter that left some investors with questions over the company's lofty valuation. Palantir's fourth quarter guidance came in above Wall Street's expectations late Monday, defying fears some analysts had over the impact from the ongoing US government shutdown. Palantir said it foresees revenue of just over $1.3 billion for the fourth quarter, ahead of the $1.2 billion projected by Wall Street analysts tracked by Bloomberg. The ...

Palanteer's third quarter results are hitting the wire and let's take a look at where some of these numbers landed. So Palanteer reporting third quarter earnings and revenue above expectations. Also raised its fourth quarter and fullear sales outlook.You're seeing shares up around 4% in after hours trading revenue coming in at 1.18% billion for the three months ending September 30th. That's a 63% increase from the previous year and above the 1.09% billion Wall Street expected. Now driving that revenue beat ...

Palantir (PLTR) stock fell Tuesday as Wall Street analysts debated whether its latest solid earnings report justified its soaring valuation. Shares fell over 6% in premarket trading, to almost erase the 7% jump that came in the immediate wake of the report. Palantir's fourth quarter guidance came in above Wall Street's expectations Monday after the bell despite some analyst concerns over impact from the ongoing US government shutdown. Palantir said it foresees revenue of just over $1.3 billion for the ...

Palantir's (PLTR) fourth quarter outlook came in above Wall Street's expectations Monday despite some analyst concerns over impact from the ongoing US government shutdown. Shares fell over 6% in premarket trading, to almost erase the 7% jump that came in the immediate wake of the report. Palantir said it foresees revenue of just over $1.3 billion for the fourth quarter, ahead of the $1.2 billion projected by Wall Street analysts tracked by Bloomberg. The defense tech firm expects to see an adjusted oper ...

Core Insights - Ken Griffin, founder and CEO of Citadel, is recognized for leading a highly successful hedge fund that combines macro strategy with quantitative analysis [2] - Citadel's recent 13F filing revealed a significant reduction in its stake in Palantir Technologies by 48%, while simultaneously increasing its investment in Nvidia by 414% [3][9] Citadel's Investment Strategy - The decision to reduce the position in Palantir may seem bearish, but it reflects a strategic risk management approach rather than a loss of confidence [5] - Palantir's stock has increased over 2,000% in the past three years, leading to concerns about its high valuation, trading at a price-to-sales ratio of 135 [6] - Hedge funds like Citadel often rebalance their portfolios by taking profits from high-performing stocks to manage risk and maintain financial flexibility [8] Market Dynamics - The shift in Citadel's investments indicates a changing perspective on the artificial intelligence landscape, particularly regarding the valuation of AI-related companies [4] - The move to increase the stake in Nvidia, a leader in AI chips, suggests a focus on companies with better risk-adjusted returns in the current market environment [9]

Core Insights - Palantir Technologies' stock has experienced a decline of over 9% on Tuesday, marking the fifth consecutive day of pullback from its all-time highs [1] - The stock has slid more than 15% over the last five trading sessions following a record earnings report that showcased the company's first-ever $1 billion revenue quarter [2] - Despite the recent downturn, Palantir remains the most significant gainer in the S&P 500 for 2025, with an increase of over 100% year-to-date [2] Financial Performance - Palantir reported its first-ever $1 billion revenue quarter earlier this month, which initially propelled its shares to all-time highs [2] - The recent stock decline coincides with a broader market pullback, indicating that external market factors may also be influencing Palantir's stock performance [2]

Core Insights - Palantir Technologies surpassed Wall Street estimates by achieving over $1 billion in quarterly revenue for the first time, leading to a share price increase of more than 5% [1] - The company reported a revenue growth of 48% during the period, exceeding analysts' expectations [1] - Palantir raised its full-year revenue guidance to between $4.142 billion and $4.150 billion, up from the previous estimate of $3.89 billion to $3.90 billion [2] Financial Performance - Earnings per share were reported at 16 cents, adjusted, compared to the expected 14 cents [3] - Revenue reached $1.00 billion, surpassing the expected $940 million [3] Management Commentary - CEO Alex Karp noted a significant acceleration in business growth after years of investment, indicating a shift in perception among skeptics [2]

Core Insights - Palantir CEO Alex Karp has sold over $50 million worth of shares in the company, as per securities filings [1][2] - The stock sales occurred at prices ranging from $125.26 to $127.70 per share, with Karp retaining approximately 6.43 million shares valued at around $787 million after the transactions [2] - The share sales were part of automatic transactions to meet tax withholding obligations related to vesting restricted stock units [2] - Other executives, including Chief Technology Officer Shyam Sankar and co-founder Stephen Cohen, also sold significant amounts of stock, with Sankar selling about $21 million and Cohen approximately $43.5 million [3]