This is a developing story.
Palantir (PLTR) reported strong Q3 earnings and raised Q4 guidance, but shares dropped over 4% after hours.
Alex Karp blasts 'Big Short' investor Michael Burry as 'bats--- crazy' for bets against Palantir, Nvidia
Palantir Technologies Inc. delivered another record quarter, beating earnings and revenue estimates, and raised guidance despite government shutdown headwinds. Yet, valuation concerns sent the stock down 7% in pre-market on Tuesday. PLTR's U.S. commercial and government segments are driving explosive growth, with total contract value up 151% year-over-year and net income tripling. Valuation remains the main concern, with PLTR stock trading at extreme multiples, but its growth, margins, and profitability far outpace sector averages.
Palantir Technologies Inc (NYSE:PLTR) has once again outpaced expectations, cementing its place as one of the dominant forces in artificial intelligence - though the shares didn't relfect this as valuation concerns led to an afer-hours sell-off. The shares fell 7.3%, wiping over $30 billion off the tech giant's valuation.
Pre-market trading turned negative in New York on Tuesday, with key tech names like Palantir, Super Micro Computer, and Tesla facing early weakness. Despite near-term pressure, I see technical support levels holding and potential buying opportunities emerging on dips.
Palantir (PLTR) delivered strong Q3 results, beating expectations on revenue, earnings, and Rule of 40, with robust growth in both government and private sectors. Despite a post-earnings share pullback, the dip presents a buying opportunity given PLTR's continued uptrend, positive momentum, and record fundamentals. Management raised guidance for Q4 and FY 2025, projecting industry-leading EPS and revenue growth, supported by a solid balance sheet and strong free cash flow.
Stock futures are falling premarket Tuesday as investors digest fresh corporate earnings reports; Palantir (PLTR) shares are sliding after reporting a jump in revenue on strong demand for its AI platform; executives from Goldman Sachs and Morgan Stanley said that a market correction is likely coming within the next two years; Starbucks (SBUX) announced a joint venture with Boyu Capital to run its China operations; Sarepta Therapeutics (SRPT) shares plunged after it released disappointing results for its trials of a treatment for a muscle-wasting disease.
Palantir (PLTR) has shown exceptional fundamentals with accelerating revenue growth, rising margins, and a strengthening balance sheet. Despite strong performance, PLTR's valuation multiples are extremely high, far surpassing other growth stocks, raising concerns about sustainability. The stock's continued rise is driven by price momentum, with technical support above the 21-day EMA as the key indicator for holding.
Palantir (NASDAQ: PLTR) closed at a record $207.18 on Monday, November 3, rising 3.35% following a strong third-quarter earnings call that reinforced its rapid growth across both government and commercial markets.
Michael Burry, hedge fund manager of “The Big Short” fame, is calling the top in two of the stock market's favorite plays — and somewhat contradicting himself in the process.
Wall Street's love affair with artificial intelligence (AI) shows little sign of cooling, and few names embody the mania better than Palantir Technologies Inc (NYSE:PLTR). The software company added roughly $16 billion to its market capitalisation in after-hours trading following another set of forecast-beating results, propelling its valuation to just under $500 billion, up a staggering 400% over the past year.