Palantir

The Islington Council pension fund in London is considering divesting from Palantir shares due to its partnership with the Israeli Ministry of Defense. The organization UK Lawyers for Israel has warned the fund of potential legal repercussions.

Palantir Technologies has positioned itself as a major beneficiary of the AI revolution, with record demand in both private and government sectors. While quarterly revenue grew by over 90%, the company's valuation has reached unprecedented levels.

Despite a 40% jump in the stock, investment expert Michael Burry doubles down on his bet against Palantir and claims: "The long-term intrinsic value of Palantir stock is less than one dollar."

Just as all of Wall Street celebrates the renewed surge of Palantir, the investor who predicted the 2008 crisis has quietly renewed his bet against the stock, setting an imaginary price target. Behind the provocative statement hides an accounting claim worth knowing, especially if the stock is also in your training fund.

An unusual trading day in the USA ended with sharp gains and the breaking of historical records. Strong earnings reports, led by Palantir, boosted the entire technology sector and drove the market upward.

Michael Burry built a large bearish position against an AI leader, but Palantir continues to deliver strong results, defying the pessimists. How much did this bet cost him, and what is Alex Karp's take?

American defense-tech company Palantir reported second-quarter results that exceeded analysts' forecasts. Consequently, the company raised its full-year guidance, and its stock climbed 12% following the announcement.

Asian indices are trading lower: the Nikkei is down 0.7%, while the Hang Seng and KOSPI have fallen by 0.5%. Following yesterday's sharp decline, oil prices are showing a partial recovery, with Brent crude rising 1.3% to $84.9 per barrel.