Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) stock moved up to $130 in early Monday trading.
Shares of Palantir Technologies rose in early trading on Monday, rebounding after a recent selloff as high-profile support from investors and political figures helped lift sentiment. The stock gained about 2.49% before the bell, trading near $131, even as broader market futures pointed lower amid geopolitical tensions.
Palantir's edge isn't just AI. It's letting customers control their own data securely.
Renowned investor Michael Burry has reaffirmed his bearish position on Palantir Technologies, even as a public endorsement from Donald Trump provided temporary support to the stock. In a Substack post published on Friday, Burry revealed that he continues to hold long-dated put options against the artificial intelligence software firm.
“Big Short” investor Michael Burry is sticking with his bearish bet against defense tech company Palantir Technologies. Burry said in a Substack post that he's still holding long-dated put options on Palantir.
President Donald Trump lauded Palantir in a post to Truth Social on Friday as the stock headed for a plunge this week. Palantir's tools are reportedly being used in Iran, and the company is benefitting from its ties to the Trump administration and government contracts.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) stock is extending a brutal four-day losing streak in early trading on Friday, falling another 5% to around $124 after closing Thursday at $130.49.
Shares of Palantir (NASDAQ:PLTR | PLTR Price Prediction) took a major hit on Thursday, plunging by more than 7% alongside the broader software scene, which is increasingly nervous about the AI impact following Anthropic's latest AI model, Claude Mythos, which is so powerful that it's only going to be released to tech firms.
Palantir stock has dropped alongside the rest of the software sector on worries over Anthropic's Mythos AI model. Wedbush says it's not a problem.
The artificial intelligence race keeps delivering plot twists that would make Hollywood blush.
The "Big Short" investor's deleted post sent shares down 7%. Wedbush argues the Anthropic threat is overblown and the sell-off is a buying opportunity.
The Big Short investor argued Anthropic is outpacing Palantir at a fraction of the time. The stock fell 7% before he pulled the post.