Mag 7 & AI: Playing for 'big gains' can also mean 'big losses'
Bianco Research president Jim Bianco, Yahoo Finance Senior Reporter Brooke DiPalma, and Yahoo Finance Senior Reporter Ines Ferré join Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to discuss how to invest in the Mag 7 and other artificial intelligence (AI) plays like Palantir (PLTR), C3.ai (AI), and CoreWeave (CRWV).
To watch more expert insights and analysis on the latest market action, check out more Opening Bid.
You can't just come out here and uh talk about a potential stock crash for the for the sake of doing. There has to be a trigger point. And I think you brought up a good point earlier in the show that maybe we do get the 10-year yield going to 5%. Is that the trigger that would uh I guess just send big tech back into profit taking mode?
I mean, it could. You know, it definitely could because if you look at the flows, the one thing that people forget is that there's massive flows into bond funds and there's massive interest in yield right now because there is a yield. Because and if we were to get more yield into bond funds and the like, you could see money moving that way and that could definitely give in to digestion. And keep in mind, if you take the top Meg 7 or the top 20 tech stocks out of the S&P, it's hardly doing anything. The Russell is still down on the year and the midcap, which is still unchanged on the year because they don't have very much of this big AI tech in it. So if you were to get higher rates, it could really be a drag on the stock market even further.
Jim, I imagine you get a lot of questions from your clients and folks that use your research on the Meg 7. What are you telling them to do with some of these names today?
That's a good question because I think it's a it's a it's a risk. It's definitely it's a risk. I think you need to understand that if you want to play some of these Meg 7s, you want to play them for big gains, you also have to be prepared for big losses. So you need to adjust your risk. I think the problem I see with a lot of people is they think it's all a one-way street. That you know, they look at all the the rallies in some of these stocks and I'm thinking Palatine here right now and they think that it's just, well, that's the way it's going to be and it's just a money money printing machine. Well, it is until it isn't. And that's the biggest risk you have to take with them.
Yeah, uh you can go look no further than C3 AI. I mean, the stock crashed yesterday and is and I think it was a real wake-up call to folks that not all AI stocks are created equally, even if you have AI in your corporate name.
Exactly. And we have had uh Wall Street analysts talk about that that you really want to stay within the ones that are um doing well, that have strong earnings. And of course, everyone names those uh big uh Meg 7 stocks and and the uh big players within um within AI. But uh so not all of them are created equally. But look, um you've had BFA uh BFA's Hartnett talk about uh the risk of a bubble and signs of a bubble. And I mean, you've had investors and retail investors coming in uh and and buying aggressively and there's been a lot of dip buying. Um so the investors have been increasingly going further and further out into risk and you've we've seen we saw recently just a couple weeks ago this sort of meme craze again. So there when you get this when you when you get to these levels and you're near record high levels, you expect a pullback at some point. We just don't know what the catalyst is going to be and sometimes it happens like that. Something happens and then you see a pullback.
Brook, real quick, um you know, Corrive stock hasn't gone anywhere since June.
Yeah, well, certainly what we've seen though is a bit of a move in these, you know, summer months as these companies reported. We do know that over the past month alone, as we got more data out from these key AI players that Corrive has moved in line. But now we're seeing Corrive under a bit of pressure as maybe this hype around how the company is playing into the AI revolution is not all that it's banked up to be after such a premium, such a run since its IPO, we are seeing it under pressure this morning. But certainly, what I, you know, also want to say is that before before, uh you know, Corrive sort of has played such a role in this picture, we did see during that sell-off in April, so many investors move away from these Meg 7 as this fear really roiled the markets. And now we've seen investors, as these earnings like NES said, have really come to fruition, have really surprised investors. We see retail investors looking to get back in. And so it'll be it remains to be seen really how Corrive does play into this picture, but we know that over the past month, the results from these big AI players have led to results for Corrive.
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Stock market today: Dow, S&P 500, Nasdaq mixed as Home Depot leads out big retail earnings
US stocks fell on Tuesday as weakness in Big Tech weighed on the broader indexes. The Dow Jones Industrial Average (^DJI) ended the session just above the flat line, while the S&P 500 (^GSPC) slipped about 0.6%. The tech-heavy Nasdaq Composite (^IXIC) fell roughly 1.5%, extending a muted start to the week for the major gauges. Losses in tech were led by a 9% plunge in Palantir (PLTR) and a more than 5% slide in AMD (AMD). After months of concentration in a handful of growth giants, leadership has begun to broaden out, with more economically sensitive sectors like Health Care (XLV), Homebuilders (XHB), and small- and mid-cap stocks playing a larger role in powering this summer's move to record highs. On Tuesday, the gains were concentrated in more defensive corners of the market, with Real Estate (XLRE), Consumer Staples (XLP), Utilities (XLU), and Health Care among the standouts. Earlier in the session, a steady march of earnings reports from retail giants began with Home Depot's (HD) second quarter results before the bell, slightly missing Wall Street's estimates. But shares of the company closed up 3% as Tuesday's report marked its return to consistent same-store sales growth in the US amid signs that a prolonged slump in the US housing market is starting to thaw. Target (TGT) will post its earnings results on Wednesday, followed by Walmart (WMT) on Thursday. Taken together, the group's results will provide insight into how companies and consumers are faring as Trump's tariffs kick in. Read more: The latest on Trump's tariffs In the tech world, Intel (INTC) stock got a boost after SoftBank said it will take a $2 billion stake in the chipmaker, which is in the middle of a turnaround bid. That lifeline followed a Bloomberg report that the Trump administration is looking to take a 10% stake in the struggling company. Meanwhile, President Trump continued to press for further Ukraine talks, reportedly asking Russian President Vladimir Putin to meet with Volodymyr Zelensky. European leaders rallied around the Ukrainian president at his meeting with Trump on Monday, but markets hit pause as uncertainty loomed over his country's fate. What to expect from Powell's Jackson Hole speech Yahoo Finance's Jennifer Schonberger reports: Read more here. Palantir sinks 9% as AI rout puts market rotation in focus Palantir (PLTR) stock slid further in afternoon trading on Tuesday, falling more than 9%, as the AI-led tech sell-off dragged the major indexes lower and extended a multiday slide for one of 2025's top S&P 500 performers. With Tuesday's losses, the tech and defense name is now on track for its fifth consecutive day in the red, its longest losing streak since March. The pressure on AI names comes at a moment when the broader market rally is starting to show signs of rotation beyond Big Tech. After months of concentration in a handful of growth giants, sectors like Health Care (XLV) and Homebuilders (XHB), along with small- and mid-cap stocks, have taken on a larger role in driving this summer's move to record highs. Still, given Big Tech's outsized weighting in the index, if the group isn't leading, gains in the S&P 500 are unlikely to be as sharp or one-sided as they've been over the past two years — a dynamic on display in Tuesday's trading. Read more about the rotation trade here. Bitcoin could reach $200,000 within 6 months during 'long, exhausting' crypto bull market Yahoo Finance's Ines Ferre reports: Bitcoin (BTC-USD) hit a record high last week, but analysts at Bernstein think the current crypto bull market could see the world's largest cryptocurrency hit an even bigger milestone in the near future: $200,000. In a note to clients published Tuesday, Gautam Chhugani and the digital assets team at Bernstein said they see bitcoin reaching its cycle peak between $150,000 and $200,000 in the next 6-12 months during what the firm is calling a "long, exhausting bull run" for crypto into 2027. "We believe we are in the middle of a digital assets revolution backed by regulatory reform," the firm wrote. "Now we believe the Trump admin. is in mission-critical mode (incl. SEC/CFTC) to build U.S into the crypto capital of the world, so market peak is not anywhere near. We expect a long Crypto bull market, continuing the surge into 2026 and potentially peak in 2027." Read more here. An Apple robot will need a lot of AI help Yahoo Finance's Dan Howley reports: Read more here. Big Tech is dragging down the market on Tuesday Rotation is at the forefront of the market action on Tuesday. Eight of the 11 sectors in the S&P 500 are in the green, led by Real Estate (XLRE), Consumer Staples (XLP), and Healthcare (XLV). Nearly 400 stocks in the benchmark index are higher on the day too. But the S&P 500 is down about 0.4% as the most loved sector of the bull market — large-cap technology stocks — is lagging on Tuesday. That downside action is being led by a 2% decline in Nvidia (NVDA), an almost 6% decline in Palantir (PLTR), and over 3% losses for both AMD (AMD) and Netflix (NFLX). Rotating out of recent winners and into market laggards has been an emerging trend in August. Market strategists have pointed out that, for the long run, this could be the "healthiest path" higher for the benchmark index. But Tuesday's action is a reminder to index investors that, given its weighting in the index, if Big Tech isn't the group leading the market higher, the gains in the S&P 500 won't be as aggressively up and to the right as they have been for the past two years. NorthWestern Energy stock jumps after news of merger with Black Hills NorthWestern Energy shares jumped nearly 6% Tuesday after announcing that it is merging with fellow utility company Black Hills to create a "premier regional regulated electric and natural gas utility company." The two companies will have a combined value of about $15.4 billion and serve over 2 million customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. "Together, we will be better positioned to meet rising demand, accelerate investment in energy and grid infrastructure, and support customers and communities through a rapidly evolving energy landscape," said NorthWestern Energy President and CEO, Brian Bird. Black Hills stock rose a more modest 1% on the news. Crypto's bull run is just beginning. Here are 3 stocks to play. Yahoo Finance's Francisco Velasquez reports: Read the story here. White House cryptocurrency adviser Bo Hines joins Tether Tether, the world's largest stablecoin company, has appointed former White House cryptocurrency adviser Bo Hines, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. Opendoor stock climbs as CEO search continues Opendoor Technologies (OPEN) stock rallied 6% at the market open before paring gains on Tuesday morning as the company continues its executive search following CEO Carrie Wheeler's departure, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Nexstar to acquire Tegna in $6.2 billion deal, creating largest US local TV station group Nexstar Media Group (NXST) is set to expand its dominance in US broadcasting with a $6.2 billion acquisition of Tegna Inc. (TGNA), a deal that will create the nation's largest local TV station group. The transaction, which includes Tegna's net debt and fees, is expected to close in the second half of 2026 pending regulatory approvals. The Wall Street Journal first reported earlier this month that Nexstar was in advanced talks to acquire Tegna. Shares of Nexstar jumped over 6% shortly after the opening bell on Tuesday, while Tegna shares rose around 4% on the news. According to the release, the combination will create a leading local media company with 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the nation's 210 television markets and reaching about 80% of US TV households. The new entity will hold stations in nine of the top 10 designated market areas (DMAs) and 41 of the top 50. Nexstar Chairman and CEO Perry Sook said the merger reflects both companies' commitment to local broadcasting and builds on Nexstar's "record of growth" through acquisitions, which includes its 2019 purchase of Tribune Media and its majority stake in The CW network in 2022. Sook added that deregulatory initiatives from the Trump administration have created an opportunity for broadcasters "to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies." The companies expect about $300 million in annual net synergies and project the transaction will be more than 40% accretive to Nexstar's free cash flow in the first 12 months post-closing. Citi analyst Jason Bazinet said the transaction adds about $25 per share of M&A value to Nexstar's outlook. He raised his price target on the stock to $218 from $186 as a result, while maintaining a Neutral rating. Stocks mixed at the open US stocks were mixed on Tuesday. The Dow Jones Industrial Average (^DJI) edged up 0.1%, while the S&P 500 (^GSPC) fell about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) declined 0.4%, continuing Wall Street stocks' muted start to the week. Home Depot (HD) led out this week's results from retail giants, with its earnings report on Tuesday showing a return to consistent same-store sales growth in the US amid signs that the housing market could begin to recover. In the tech world, Intel (INTC) shares jumped after SoftBank said it's taking a $2 billion stake, and the Trump administration reportedly weighed taking its own stake worth up to 10% of the troubled chipmaker. Wall Street is looking ahead to Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole on Friday, signaling the central bank's latest views on interest rates. Intel stock jumps 5% as SoftBank takes $2 billion stake in ailing chip company Yahoo Finance's Daniel Howley reports: Read more here. Viking Therapeutics stock plunges on high dropout rate in weight-loss pill trial Viking Therapeutics (VKTX) stock tumbled 35% in premarket trading after a phase 2 trial of its weight-loss pill showed a high patient dropout rate. The GLP-1 obesity treatment showed some promising results: Patients lost 12.2% of body weight after 13 weeks. However, 28% of patients dropped out of the trial before it was completed. Viking's oral obesity drug, VK2735, aims to compete with Eli Lilly's drug, orforglipron, which saw a 12% weight-loss rate after 72 weeks. Eli Lilly shares rose 1.5% in premarket trading. "Data look inferior to LLY on almost all metrics and the thing to consider here is that patients discontinued at such a high rate over 13-weeks vs. LLY in the mid 20% range — but over 72-weeks," Mizuho analyst Jared Holz wrote in a note. "A much longer trial, and [therefore] LLY looks far better head-to-head." Read more here. S&P affirms US credit rating US stock futures were muted after the S&P reiterated its credit rating for the US. The 10-year Treasury yield (^TNX) and 30-year yield (^TYX) fell by about 2 basis points to 4.32% and 4.92%, respectively. Bloomberg reports: Read more here. A suite of retail data is set to decode the resilient consumer American shoppers have kept the engine of the nation's GDP humming along. But it's worth pinpointing where all that resilience is coming from, as Yahoo Finance's Hamza Shaban lays out in today's Morning Brief. Read more here. Medtronic appoints 2 new board members after Elliott takes a stake Shares of medical device maker Medtronic (MDT) fell 3% premarket after the company announced it would add two new independent directors to its board. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. The change comes as activist investor Elliott Investment Management has become one of its largest shareholders. Additionally, the board formed two new committees, helmed by CEO Geoff Martha. The Growth Committee will evaluate M&A opportunities, R&D investments, and potential divestitures. The Operating Committee will focus on margin expansion and operational efficiency. Home Depot slightly misses Wall Street's mark in Q2 earnings, reiterates guidance Home Depot (HD) released its second-quarter earnings on Tuesday. The retailer's stock fell about 2% premarket before recovering. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the home improvement retailer and how the US housing slump has impacted its bottom line. Read more here. Wall Street sees stock market rotation charting 'healthiest path' to new highs The stock market's record rally is showing early signs of broadening beyond Big Tech as investors rotate into lagging sectors, but strategists warn its durability hinges on earnings and Fed policy. Yahoo Finance's Allie Canal reports: Read more here. Premarket trending tickers: Palo Alto, Nu holdings and Intel Here's a look at some of the top stocks trending in premarket trading: Palo Alto Networks (PANW) shares rose 5% in premarket trading on Tuesday after the Santa Clara cybersecurity firm forecast fiscal 2026 revenue and profit above analysts' estimates, citing growing demand for its AI powered cybersecurity solutions. Digital banking group Nu holdings (NU) stock rose 2% before the bell after Morgan Stanley (MS) analyst Jorge Kuri reiterated a Buy rating on the company and set a price target of $18.00. Intel (INTC) stock rose premarket more than 6% after Softbank Group (9984.T) announced a $2 billion capital injection into the US chipmaker that is currently in the middle of a turnaround effort. Good morning. Here's what's happening today. Economic data: Housing starts (July); Building permits (July) Earnings: Home Depot (HD), XPeng (XPEV), Medtronic (MDT), Amer Sports (AS), Toll Brothers (TOL), La-Z-Boy (LZB) Here are some of the biggest stories you may have missed overnight and early this morning: Signs of a healthier path to new records emerge for stocks Nvidia is working on an H20-beating AI chip for China Trump tariffs get S&P seal of approval Why stocks are looking ripe for a regime shift Intel gets a $2 billion lifeline from SoftBank Trump pushes Putin-Zelensky meeting after talks with both Home Depot to report earnings as Wall Street eyes US sales growth Why Google just boosted its stake in a bitcoin miner What to expect from Powell's Jackson Hole speech Yahoo Finance's Jennifer Schonberger reports: Read more here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Palantir sinks 9% as AI rout puts market rotation in focus Palantir (PLTR) stock slid further in afternoon trading on Tuesday, falling more than 9%, as the AI-led tech sell-off dragged the major indexes lower and extended a multiday slide for one of 2025's top S&P 500 performers. With Tuesday's losses, the tech and defense name is now on track for its fifth consecutive day in the red, its longest losing streak since March. The pressure on AI names comes at a moment when the broader market rally is starting to show signs of rotation beyond Big Tech. After months of concentration in a handful of growth giants, sectors like Health Care (XLV) and Homebuilders (XHB), along with small- and mid-cap stocks, have taken on a larger role in driving this summer's move to record highs. Still, given Big Tech's outsized weighting in the index, if the group isn't leading, gains in the S&P 500 are unlikely to be as sharp or one-sided as they've been over the past two years — a dynamic on display in Tuesday's trading. Read more about the rotation trade here. Palantir (PLTR) stock slid further in afternoon trading on Tuesday, falling more than 9%, as the AI-led tech sell-off dragged the major indexes lower and extended a multiday slide for one of 2025's top S&P 500 performers. With Tuesday's losses, the tech and defense name is now on track for its fifth consecutive day in the red, its longest losing streak since March. The pressure on AI names comes at a moment when the broader market rally is starting to show signs of rotation beyond Big Tech. After months of concentration in a handful of growth giants, sectors like Health Care (XLV) and Homebuilders (XHB), along with small- and mid-cap stocks, have taken on a larger role in driving this summer's move to record highs. Still, given Big Tech's outsized weighting in the index, if the group isn't leading, gains in the S&P 500 are unlikely to be as sharp or one-sided as they've been over the past two years — a dynamic on display in Tuesday's trading. Read more about the rotation trade here. Bitcoin could reach $200,000 within 6 months during 'long, exhausting' crypto bull market Yahoo Finance's Ines Ferre reports: Bitcoin (BTC-USD) hit a record high last week, but analysts at Bernstein think the current crypto bull market could see the world's largest cryptocurrency hit an even bigger milestone in the near future: $200,000. In a note to clients published Tuesday, Gautam Chhugani and the digital assets team at Bernstein said they see bitcoin reaching its cycle peak between $150,000 and $200,000 in the next 6-12 months during what the firm is calling a "long, exhausting bull run" for crypto into 2027. "We believe we are in the middle of a digital assets revolution backed by regulatory reform," the firm wrote. "Now we believe the Trump admin. is in mission-critical mode (incl. SEC/CFTC) to build U.S into the crypto capital of the world, so market peak is not anywhere near. We expect a long Crypto bull market, continuing the surge into 2026 and potentially peak in 2027." Read more here. Yahoo Finance's Ines Ferre reports: Bitcoin (BTC-USD) hit a record high last week, but analysts at Bernstein think the current crypto bull market could see the world's largest cryptocurrency hit an even bigger milestone in the near future: $200,000. In a note to clients published Tuesday, Gautam Chhugani and the digital assets team at Bernstein said they see bitcoin reaching its cycle peak between $150,000 and $200,000 in the next 6-12 months during what the firm is calling a "long, exhausting bull run" for crypto into 2027. "We believe we are in the middle of a digital assets revolution backed by regulatory reform," the firm wrote. "Now we believe the Trump admin. is in mission-critical mode (incl. SEC/CFTC) to build U.S into the crypto capital of the world, so market peak is not anywhere near. We expect a long Crypto bull market, continuing the surge into 2026 and potentially peak in 2027." Read more here. An Apple robot will need a lot of AI help Yahoo Finance's Dan Howley reports: Read more here. Yahoo Finance's Dan Howley reports: Read more here. Big Tech is dragging down the market on Tuesday Rotation is at the forefront of the market action on Tuesday. Eight of the 11 sectors in the S&P 500 are in the green, led by Real Estate (XLRE), Consumer Staples (XLP), and Healthcare (XLV). Nearly 400 stocks in the benchmark index are higher on the day too. But the S&P 500 is down about 0.4% as the most loved sector of the bull market — large-cap technology stocks — is lagging on Tuesday. That downside action is being led by a 2% decline in Nvidia (NVDA), an almost 6% decline in Palantir (PLTR), and over 3% losses for both AMD (AMD) and Netflix (NFLX). Rotating out of recent winners and into market laggards has been an emerging trend in August. Market strategists have pointed out that, for the long run, this could be the "healthiest path" higher for the benchmark index. But Tuesday's action is a reminder to index investors that, given its weighting in the index, if Big Tech isn't the group leading the market higher, the gains in the S&P 500 won't be as aggressively up and to the right as they have been for the past two years. Rotation is at the forefront of the market action on Tuesday. Eight of the 11 sectors in the S&P 500 are in the green, led by Real Estate (XLRE), Consumer Staples (XLP), and Healthcare (XLV). Nearly 400 stocks in the benchmark index are higher on the day too. But the S&P 500 is down about 0.4% as the most loved sector of the bull market — large-cap technology stocks — is lagging on Tuesday. That downside action is being led by a 2% decline in Nvidia (NVDA), an almost 6% decline in Palantir (PLTR), and over 3% losses for both AMD (AMD) and Netflix (NFLX). Rotating out of recent winners and into market laggards has been an emerging trend in August. Market strategists have pointed out that, for the long run, this could be the "healthiest path" higher for the benchmark index. But Tuesday's action is a reminder to index investors that, given its weighting in the index, if Big Tech isn't the group leading the market higher, the gains in the S&P 500 won't be as aggressively up and to the right as they have been for the past two years. NorthWestern Energy stock jumps after news of merger with Black Hills NorthWestern Energy shares jumped nearly 6% Tuesday after announcing that it is merging with fellow utility company Black Hills to create a "premier regional regulated electric and natural gas utility company." The two companies will have a combined value of about $15.4 billion and serve over 2 million customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. "Together, we will be better positioned to meet rising demand, accelerate investment in energy and grid infrastructure, and support customers and communities through a rapidly evolving energy landscape," said NorthWestern Energy President and CEO, Brian Bird. Black Hills stock rose a more modest 1% on the news. NorthWestern Energy shares jumped nearly 6% Tuesday after announcing that it is merging with fellow utility company Black Hills to create a "premier regional regulated electric and natural gas utility company." The two companies will have a combined value of about $15.4 billion and serve over 2 million customers across eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. "Together, we will be better positioned to meet rising demand, accelerate investment in energy and grid infrastructure, and support customers and communities through a rapidly evolving energy landscape," said NorthWestern Energy President and CEO, Brian Bird. Black Hills stock rose a more modest 1% on the news. Crypto's bull run is just beginning. Here are 3 stocks to play. Yahoo Finance's Francisco Velasquez reports: Read the story here. Yahoo Finance's Francisco Velasquez reports: Read the story here. White House cryptocurrency adviser Bo Hines joins Tether Tether, the world's largest stablecoin company, has appointed former White House cryptocurrency adviser Bo Hines, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. Tether, the world's largest stablecoin company, has appointed former White House cryptocurrency adviser Bo Hines, Yahoo Finance's David Hollerith reports. Hollerith writes: Read the full story here. Opendoor stock climbs as CEO search continues Opendoor Technologies (OPEN) stock rallied 6% at the market open before paring gains on Tuesday morning as the company continues its executive search following CEO Carrie Wheeler's departure, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Opendoor Technologies (OPEN) stock rallied 6% at the market open before paring gains on Tuesday morning as the company continues its executive search following CEO Carrie Wheeler's departure, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Nexstar to acquire Tegna in $6.2 billion deal, creating largest US local TV station group Nexstar Media Group (NXST) is set to expand its dominance in US broadcasting with a $6.2 billion acquisition of Tegna Inc. (TGNA), a deal that will create the nation's largest local TV station group. The transaction, which includes Tegna's net debt and fees, is expected to close in the second half of 2026 pending regulatory approvals. The Wall Street Journal first reported earlier this month that Nexstar was in advanced talks to acquire Tegna. Shares of Nexstar jumped over 6% shortly after the opening bell on Tuesday, while Tegna shares rose around 4% on the news. According to the release, the combination will create a leading local media company with 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the nation's 210 television markets and reaching about 80% of US TV households. The new entity will hold stations in nine of the top 10 designated market areas (DMAs) and 41 of the top 50. Nexstar Chairman and CEO Perry Sook said the merger reflects both companies' commitment to local broadcasting and builds on Nexstar's "record of growth" through acquisitions, which includes its 2019 purchase of Tribune Media and its majority stake in The CW network in 2022. Sook added that deregulatory initiatives from the Trump administration have created an opportunity for broadcasters "to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies." The companies expect about $300 million in annual net synergies and project the transaction will be more than 40% accretive to Nexstar's free cash flow in the first 12 months post-closing. Citi analyst Jason Bazinet said the transaction adds about $25 per share of M&A value to Nexstar's outlook. He raised his price target on the stock to $218 from $186 as a result, while maintaining a Neutral rating. Nexstar Media Group (NXST) is set to expand its dominance in US broadcasting with a $6.2 billion acquisition of Tegna Inc. (TGNA), a deal that will create the nation's largest local TV station group. The transaction, which includes Tegna's net debt and fees, is expected to close in the second half of 2026 pending regulatory approvals. The Wall Street Journal first reported earlier this month that Nexstar was in advanced talks to acquire Tegna. Shares of Nexstar jumped over 6% shortly after the opening bell on Tuesday, while Tegna shares rose around 4% on the news. According to the release, the combination will create a leading local media company with 265 full-power television stations in 44 states and Washington, D.C., covering 132 of the nation's 210 television markets and reaching about 80% of US TV households. The new entity will hold stations in nine of the top 10 designated market areas (DMAs) and 41 of the top 50. Nexstar Chairman and CEO Perry Sook said the merger reflects both companies' commitment to local broadcasting and builds on Nexstar's "record of growth" through acquisitions, which includes its 2019 purchase of Tribune Media and its majority stake in The CW network in 2022. Sook added that deregulatory initiatives from the Trump administration have created an opportunity for broadcasters "to expand reach, level the playing field, and compete more effectively with the Big Tech and legacy Big Media companies." The companies expect about $300 million in annual net synergies and project the transaction will be more than 40% accretive to Nexstar's free cash flow in the first 12 months post-closing. Citi analyst Jason Bazinet said the transaction adds about $25 per share of M&A value to Nexstar's outlook. He raised his price target on the stock to $218 from $186 as a result, while maintaining a Neutral rating. Stocks mixed at the open US stocks were mixed on Tuesday. The Dow Jones Industrial Average (^DJI) edged up 0.1%, while the S&P 500 (^GSPC) fell about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) declined 0.4%, continuing Wall Street stocks' muted start to the week. Home Depot (HD) led out this week's results from retail giants, with its earnings report on Tuesday showing a return to consistent same-store sales growth in the US amid signs that the housing market could begin to recover. In the tech world, Intel (INTC) shares jumped after SoftBank said it's taking a $2 billion stake, and the Trump administration reportedly weighed taking its own stake worth up to 10% of the troubled chipmaker. Wall Street is looking ahead to Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole on Friday, signaling the central bank's latest views on interest rates. US stocks were mixed on Tuesday. The Dow Jones Industrial Average (^DJI) edged up 0.1%, while the S&P 500 (^GSPC) fell about 0.2%. The tech-heavy Nasdaq Composite (^IXIC) declined 0.4%, continuing Wall Street stocks' muted start to the week. Home Depot (HD) led out this week's results from retail giants, with its earnings report on Tuesday showing a return to consistent same-store sales growth in the US amid signs that the housing market could begin to recover. In the tech world, Intel (INTC) shares jumped after SoftBank said it's taking a $2 billion stake, and the Trump administration reportedly weighed taking its own stake worth up to 10% of the troubled chipmaker. Wall Street is looking ahead to Fed Chair Jerome Powell's highly anticipated speech in Jackson Hole on Friday, signaling the central bank's latest views on interest rates. Intel stock jumps 5% as SoftBank takes $2 billion stake in ailing chip company Yahoo Finance's Daniel Howley reports: Read more here. Yahoo Finance's Daniel Howley reports: Read more here. Viking Therapeutics stock plunges on high dropout rate in weight-loss pill trial Viking Therapeutics (VKTX) stock tumbled 35% in premarket trading after a phase 2 trial of its weight-loss pill showed a high patient dropout rate. The GLP-1 obesity treatment showed some promising results: Patients lost 12.2% of body weight after 13 weeks. However, 28% of patients dropped out of the trial before it was completed. Viking's oral obesity drug, VK2735, aims to compete with Eli Lilly's drug, orforglipron, which saw a 12% weight-loss rate after 72 weeks. Eli Lilly shares rose 1.5% in premarket trading. "Data look inferior to LLY on almost all metrics and the thing to consider here is that patients discontinued at such a high rate over 13-weeks vs. LLY in the mid 20% range — but over 72-weeks," Mizuho analyst Jared Holz wrote in a note. "A much longer trial, and [therefore] LLY looks far better head-to-head." Read more here. Viking Therapeutics (VKTX) stock tumbled 35% in premarket trading after a phase 2 trial of its weight-loss pill showed a high patient dropout rate. The GLP-1 obesity treatment showed some promising results: Patients lost 12.2% of body weight after 13 weeks. However, 28% of patients dropped out of the trial before it was completed. Viking's oral obesity drug, VK2735, aims to compete with Eli Lilly's drug, orforglipron, which saw a 12% weight-loss rate after 72 weeks. Eli Lilly shares rose 1.5% in premarket trading. "Data look inferior to LLY on almost all metrics and the thing to consider here is that patients discontinued at such a high rate over 13-weeks vs. LLY in the mid 20% range — but over 72-weeks," Mizuho analyst Jared Holz wrote in a note. "A much longer trial, and [therefore] LLY looks far better head-to-head." Read more here. S&P affirms US credit rating US stock futures were muted after the S&P reiterated its credit rating for the US. The 10-year Treasury yield (^TNX) and 30-year yield (^TYX) fell by about 2 basis points to 4.32% and 4.92%, respectively. Bloomberg reports: Read more here. US stock futures were muted after the S&P reiterated its credit rating for the US. The 10-year Treasury yield (^TNX) and 30-year yield (^TYX) fell by about 2 basis points to 4.32% and 4.92%, respectively. Bloomberg reports: Read more here. A suite of retail data is set to decode the resilient consumer American shoppers have kept the engine of the nation's GDP humming along. But it's worth pinpointing where all that resilience is coming from, as Yahoo Finance's Hamza Shaban lays out in today's Morning Brief. Read more here. American shoppers have kept the engine of the nation's GDP humming along. But it's worth pinpointing where all that resilience is coming from, as Yahoo Finance's Hamza Shaban lays out in today's Morning Brief. Read more here. Medtronic appoints 2 new board members after Elliott takes a stake Shares of medical device maker Medtronic (MDT) fell 3% premarket after the company announced it would add two new independent directors to its board. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. The change comes as activist investor Elliott Investment Management has become one of its largest shareholders. Additionally, the board formed two new committees, helmed by CEO Geoff Martha. The Growth Committee will evaluate M&A opportunities, R&D investments, and potential divestitures. The Operating Committee will focus on margin expansion and operational efficiency. Shares of medical device maker Medtronic (MDT) fell 3% premarket after the company announced it would add two new independent directors to its board. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. The change comes as activist investor Elliott Investment Management has become one of its largest shareholders. Additionally, the board formed two new committees, helmed by CEO Geoff Martha. The Growth Committee will evaluate M&A opportunities, R&D investments, and potential divestitures. The Operating Committee will focus on margin expansion and operational efficiency. Home Depot slightly misses Wall Street's mark in Q2 earnings, reiterates guidance Home Depot (HD) released its second-quarter earnings on Tuesday. The retailer's stock fell about 2% premarket before recovering. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the home improvement retailer and how the US housing slump has impacted its bottom line. Read more here. Home Depot (HD) released its second-quarter earnings on Tuesday. The retailer's stock fell about 2% premarket before recovering. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the home improvement retailer and how the US housing slump has impacted its bottom line. Read more here. Wall Street sees stock market rotation charting 'healthiest path' to new highs The stock market's record rally is showing early signs of broadening beyond Big Tech as investors rotate into lagging sectors, but strategists warn its durability hinges on earnings and Fed policy. Yahoo Finance's Allie Canal reports: Read more here. The stock market's record rally is showing early signs of broadening beyond Big Tech as investors rotate into lagging sectors, but strategists warn its durability hinges on earnings and Fed policy. Yahoo Finance's Allie Canal reports: Read more here. Premarket trending tickers: Palo Alto, Nu holdings and Intel Here's a look at some of the top stocks trending in premarket trading: Palo Alto Networks (PANW) shares rose 5% in premarket trading on Tuesday after the Santa Clara cybersecurity firm forecast fiscal 2026 revenue and profit above analysts' estimates, citing growing demand for its AI powered cybersecurity solutions. Digital banking group Nu holdings (NU) stock rose 2% before the bell after Morgan Stanley (MS) analyst Jorge Kuri reiterated a Buy rating on the company and set a price target of $18.00. Intel (INTC) stock rose premarket more than 6% after Softbank Group (9984.T) announced a $2 billion capital injection into the US chipmaker that is currently in the middle of a turnaround effort. Here's a look at some of the top stocks trending in premarket trading: Palo Alto Networks (PANW) shares rose 5% in premarket trading on Tuesday after the Santa Clara cybersecurity firm forecast fiscal 2026 revenue and profit above analysts' estimates, citing growing demand for its AI powered cybersecurity solutions. Digital banking group Nu holdings (NU) stock rose 2% before the bell after Morgan Stanley (MS) analyst Jorge Kuri reiterated a Buy rating on the company and set a price target of $18.00. Intel (INTC) stock rose premarket more than 6% after Softbank Group (9984.T) announced a $2 billion capital injection into the US chipmaker that is currently in the middle of a turnaround effort. Good morning. Here's what's happening today. Economic data: Housing starts (July); Building permits (July) Earnings: Home Depot (HD), XPeng (XPEV), Medtronic (MDT), Amer Sports (AS), Toll Brothers (TOL), La-Z-Boy (LZB) Here are some of the biggest stories you may have missed overnight and early this morning: Signs of a healthier path to new records emerge for stocks Nvidia is working on an H20-beating AI chip for China Trump tariffs get S&P seal of approval Why stocks are looking ripe for a regime shift Intel gets a $2 billion lifeline from SoftBank Trump pushes Putin-Zelensky meeting after talks with both Home Depot to report earnings as Wall Street eyes US sales growth Why Google just boosted its stake in a bitcoin miner Economic data: Housing starts (July); Building permits (July) Earnings: Home Depot (HD), XPeng (XPEV), Medtronic (MDT), Amer Sports (AS), Toll Brothers (TOL), La-Z-Boy (LZB) Here are some of the biggest stories you may have missed overnight and early this morning: Signs of a healthier path to new records emerge for stocks Nvidia is working on an H20-beating AI chip for China Trump tariffs get S&P seal of approval Why stocks are looking ripe for a regime shift Intel gets a $2 billion lifeline from SoftBank Trump pushes Putin-Zelensky meeting after talks with both Home Depot to report earnings as Wall Street eyes US sales growth Why Google just boosted its stake in a bitcoin miner Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Stocks Pressured by Weakness in Tech
The S&P 500 Index ($SPX) (SPY) today is down by -0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.03%. September E-mini S&P futures (ESU25) are down -0.34%, and September E-mini Nasdaq futures (NQU25) are down -1.06%. Stock indexes are mixed today, with the Dow Jones Industrials posting a new all-time high and the Nasdaq 100 falling to a 1-week low. Weaknesses in chip makers and in the Magnificent Seven stocks today are weighing on the overall market. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Apple Expects $1.1 Billion Tariff Hit in 4th Quarter After $800 Million Q3 Hit; CEO Tim Cook Warns 'Many Factors That Could Change' Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! On the positive side, Home Depot recovered from early losses and is up more than +4% to lead the Dow Jones industrials to a new record high after it reported a +3% jump in July comparable same-store sales. Lowes and Target will report their earnings on Wednesday, and Walmart will report on Thursday. Lower bond yields today are supportive of stocks, with the 10-year T-note yield down -2 bp to 4.31%. US government debt garnered support today after S&P Global Ratings affirmed its AA+ long-term rating and A-1+ short-term rating on US debt and said the US can maintain its credit strength despite the fiscal hit of its recent spending bill because tariff revenues will "generally offset weaker fiscal outcomes." Today's US housing news was mixed. US Jul housing starts unexpectedly rose +5.2% m/m to a 5-month high of 1.428 million, stronger than expectations of a decline to 1.297 million. However, Jul building permits, a proxy for future construction, fell -2.8% m/m to a 5-year low of 1.354 million, weaker than expectations of -0.5% m/m to 1.386 million. Diplomatic talks over the war in Ukraine continue to make headway. Ukrainian President Zelenskiy said he came away with a commitment from President Trump late Monday to join security guarantees for any peace deal and reserve discussion on territorial swaps with Russia for later. The outcome of the talks could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security. The focus of the markets this week will be on any new tariff news and signs of progress toward a Ukraine peace deal, with Ukrainian President Zelenskiy and European leaders continuing their meeting with President Trump in Washington. On Wednesday, the minutes of the July 29-30 FOMC meeting will be released. On Thursday, weekly initial unemployment claims are expected to climb by +1,000 to 225,000 and the Aug Philadelphia Fed business outlook survey is expected to fall to 6.7 from 15.9 in July. Also, the Aug S&P manufacturing PMI is expected to remain unchanged at 49.8. In addition, Jul existing home sales are expected to fall -0.3% m/m to 3.92 million. On Friday, Fed Chair Powell speaks on the economic outlook at the Federal Reserve's annual symposium at Jackson Hole, Wyoming. Regarding tariffs, President Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect on Monday and did not exclude goods already in transit. Last Friday, Mr. Trump said, "I'll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we'll be setting sometime next week, week after." Mr. Trump last week said he planned a 100% tariff on semiconductors but would exempt companies that move chip manufacturing to the US. Mr. Trump also mentioned 200% or 300% tariffs on chips. In other recent tariff news, Mr. Trump last Tuesday extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. On August 5, Mr. Trump said that US tariffs on pharmaceutical imports would be announced "within the next week or so." According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting, down from 93% last Thursday. The markets are discounting the chances at 53% for a second -25 bp rate cut at the following meeting on October 28-29. Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 92% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates. Overseas stock markets today are mixed. The Euro Stoxx 50 rose to a 4.75-month high and is up +0.92%. China's Shanghai Composite fell from a 10-year high and closed down -0.02%. Japan's Nikkei Stock 225 retreated from a new record high and closed down -0.38%. Interest Rates September 10-year T-notes (ZNU25) today are up +6 ticks, and the 10-year T-note yield is down -2.5 bp to 4.308%. Sep T-notes are moving higher today after S&P Global Ratings said that higher revenues from tariffs will help soften the blow to the US's fiscal health from the president's tax cuts, enabling the country to maintain its AA+ long-term credit rating. The weakness in stocks today is also supporting safe-haven demand for T-notes. Gains in T-notes are limited due to concerns that last week's bearish US July CPI and PPI reports could keep the Fed from cutting interest rates at next month's FOMC meeting. European government bond yields today are moving lower. The 10-year German bund yield is down -1.4 bp to 2.749%. The 10-year UK gilt yield fell from a 2.5-month high of 4.756% and is down by -2.2 bp to 4.716%. Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers The weakness in the Magnificent Seven stocks is a drag on the overall market. Nvidia (NVDA) and Meta Platforms (META) are down more than -2%. Also, Alphabet (GOOGL), Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA) are down more than -1%. Advanced Micro Devices (AMD) is down more than -4% to lead chipmakers lower after GF Securities downgraded the stock to hold from buy. Also, Marvell Technology (MRVL) is down more than -3%, and Broadcom (AVGO) and ARM Holdings Plc (ARM) are down more than -2%. In addition, Qualcomm (QCOM) is down more than -1%. Viking Therapeutics (VKTX) is down more than -43% after a Phase 2 trial of its oral weight loss drug showed 28% of patients discontinued treatment over tolerability concerns. Fabrinet (FN) is down more than -12% after it said it expects to see a sequential dip in datacom segment revenue in its fiscal Q1, citing supply constraints for some critical components. Amer Sports (AS) is down more than -4% after forecasting Q3 adjusted operating margin of 12% to 13%, below the consensus of 13%. Medtronic Plc (MDT) is down more than -3% after reporting Q1 adjusted operating margin of 23.6%, weaker than the consensus of 23.7%. Vertiv Holdings (VRT) is down more than -3% after GLJ Research initiated coverage on the stock with a recommendation of sell and a price target of $112. Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100 after SoftBank Group Corp agreed to buy $2 billion of the company's stock. Cybersecurity stocks are climbing today, led by a +4% jump in Palo Alto Networks (PANW) after it forecast 2026 revenue of $10.48 billion-$10.53 billion, stronger than the consensus of $10.44 billion. CyberArk Software Ltd (CYBR) is also up more than +4% on the news. Trucking companies are climbing today. JB Hunt Transport Services (JBHT) is up more than +4%, and Old Dominion Freight Line (ODFL), Knight-Swift Transportations Holdings (KNX), and Schneider National (SNDR) are up more than +3%. In addition, CSX Corp (CSX) and FedEx (FDX) are up more than +2%. Home Depot (HD) recovered from an early decline and is up more than +4% to lead gainers in the Dow Jones Industrials after reporting that July comparable same-store sales rose more than +3%. Prologis (PLD) is up more than +4% after Mizuho Securities upgraded the stock to outperform from neutral with a price target of $118. Caterpillar (CAT) is up more than +1% after Evercore ISI upgraded the stock to outperform from in line with a price target of $476. Earnings Reports(8/19/2025) Amer Sports Inc (AS), Home Depot Inc/The (HD), Jack Henry & Associates Inc (JKHY), James Hardie Industries PLC (JHX), Keysight Technologies Inc (KEYS), Medtronic PLC (MDT), Toll Brothers Inc (TOL), Viking Holdings Ltd (VIK). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
2 hours ago
- Yahoo
Palantir Stock is ‘Anomalously Bullish' Says CEO Alex Karp, Because Ongoing AI ‘Revolution' Is Resulting In ‘a Perfect Time for Palantir'
Palantir Technologies (PLTR) crossed a historic milestone in the second quarter of 2025, reporting its first-ever billion-dollar quarter. Revenue surged nearly 48% year-over-year to approximately $1.004 billion, easily beating Wall Street's expectations of roughly $937–940 million. Adjusted earnings per share came in at $0.16, topping consensus forecasts of $0.14, while adjusted operating margins climbed to an impressive 46%. Free cash flow soared to $569 million, representing a margin of 57%, and the company posted GAAP net income of about $327 million, or a 33% net margin. Palantir's Rule of 40 score — a key measure of growth and profitability — hit a remarkable 94%, underlining its rare balance of aggressive expansion and strong operational efficiency. The company's balance sheet remains robust, with a cash and short-term investment reserve of approximately $6 billion. More News from Barchart Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Powell, Trump Talks and Other Can't Miss Items this Week 'My Kid Will Never Ever Be Smarter Than an AI': OpenAI's Sam Altman Warns Most Kids Won't Know a World Without AI Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. A closer look at the numbers reveals that Palantir's U.S. business is powering much of the momentum. Domestic revenue surged 68% to $733 million, with U.S. commercial revenue skyrocketing 93% to $306 million and U.S. government revenue climbing 53% to $426 million. Internationally, Palantir continues to serve a growing base of major commercial clients in Europe and high-value government partners outside the United States, though CEO Alex Karp made clear that the company's most transformative work is occurring in its home market. Total Contract Value (TCV) rose 140% year-over-year to $2.3 billion, driven in part by a 222% jump in U.S. commercial TCV to $843 million. Off the back of these results, Palantir raised its full-year guidance to $4.14-4.15 billion, with U.S. commercial revenues now expected to surpass $1.3 billion — an increase of over 85% from the prior year. On the company's earnings call, Karp delivered one of his most emphatic visions to date, framing Palantir's success not just as a business story, but as part of a broader national transformation. He pointed to key offerings such as Ontology, Foundry, and Maven as being 'on the front line' of what he called 'a perfect time for Palantir' and 'a revolution in The United States of America.' While acknowledging the importance of Palantir's international partnerships, Karp cast the company's mission as fundamentally American, fueled by advances in AI, semiconductors, and large language models. He described Palantir as 'anomalously bullish' on every facet of U.S. life, with a particular focus on the country's blue-collar workforce. To a striking extent, Karp's remarks centered on AI as an 'agency-enhancing revolution.' He emphasized that Palantir's software is enabling workers without college degrees — often those in manual or industrial roles — to create as much, and in some cases more, value than formally educated professionals. To that end, Palantir plans to partner with labor leaders to develop new ways for workers to earn AI-enhanced incomes, effectively arming the working class with cutting-edge digital tools. This vision of democratizing access to AI capabilities, he suggested, is reflected in Palantir's financial performance: its strong unit economics flow downstream to its clients, who then seek to integrate those efficiencies into their own operations. Market reaction to the blowout results was swift. Palantir shares jumped 7.8% in post-earnings trading, pushing the stock's year-to-date gain above 130% and cementing it as the best-performing stock in the S&P 500 Index ($SPX) this year. Analysts lauded the combination of rapid revenue growth, widening margins, and expanding commercial adoption. Still, some caution remains on Wall Street, with Palantir's lofty valuation — pegged at over 400 times forward earnings — raising questions about the sustainability of such torrid growth. For now, however, Palantir is firing on all cylinders. The company stands at the crossroads of advanced AI deployment, surging demand from both government and private sectors, and a narrative that blends corporate success with national renewal. In Karp's words, the U.S. is not just Palantir's largest market — it is the arena for an AI-driven industrial renaissance, one in which the benefits of technology extend beyond boardrooms and into the hands of America's working class. On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
