MANILA, Philippines (AP) — Asian shares retreated on Friday, tracking Wall Street’s tumble to one of its worst days since April as Nvidia and other AI superstar stocks kept dropping on worries their prices have shot too high. U.S. futures were nearly unchanged and oil prices advanced. South Korea’s Kospi led the regional decline, falling…
NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday. The S&P 500 added 0.1% and neared its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 327 points, or 0.7%, to set a record for the second straight day, while the Nasdaq composite…
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) fell in the morning session after the company reported underwhelming third-quarter results. The space company posted record third-quarter revenue of $155.08 million, a 48% increase from the same period in the previous year. Looking ahead, Rocket Lab also gave an upbeat forecast for fourth-quarter revenue between $170…
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) fell 7.2% in the morning session after the company reported third quarter results, with lofty expectations and a significant rally heading into the prints making it hard for the stock to impress Wall Street. Management attributed the quarter’s strong results to rapid expansion in the U.S. commercial…
(Reuters) -Palantir Technologies fell almost 6% in early Frankfurt trading on Tuesday, as another strong quarterly update from the U.S. tech group failed to extend its record-breaking rally. The company, which has more than doubled in value this year, forecast fourth-quarter revenue above analyst estimates on Monday, driven by rapid adoption of artificial intelligence that…
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) jumped 3.3% in the afternoon session after reports revealed the company was close to signing a letter of intent with Poland’s Ministry of Defense. The potential agreement aimed to improve collaboration in cybersecurity and artificial intelligence. This news added to a series of positive developments for the…
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…
This article first appeared on GuruFocus. Oct 3 – Palantir Technologies (NASDAQ:PLTR) is turning heads again, not just because of the AI hype cycle, but because the company is stacking real wins that could shape its long-term growth story. Shares of PLTR have surged more than 20% over the past month, outpacing the broader market,…
(Bloomberg) — Palantir Technologies Inc.’s stock fell 7.5% on Friday following a report that a battlefield communications system it worked on with defense tech firm Anduril Industries Inc. was seriously flawed — a claim both companies said was out of date and inaccurate. The report on Friday, published by Reuters, centered on a September Army…
Shares of data analytics company Palantir Technologies (NASDAQ:PLTR) fell 3.9% in the afternoon session after the U.S. Army warned of ‘very high risk’ and ‘fundamental security’ problems in a new battlefield communications network being developed by companies including Palantir. An internal Army memo stated it could not control user access or verify the software’s security…