Trump Hails $92 Billion in Investments for AI, Energy Projects
'Today's commitments are ensuring the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh and, I have to say, right here in the United States of America,' Trump said Tuesday at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Can Palantir Stock Hit $160 in 2025?
Palantir Technologies (PLTR) has been one of the standout performers in the artificial intelligence (AI) stock rally, with shares demonstrating a meteoric rise. As investor enthusiasm around its Artificial Intelligence Platform (AIP) continues to grow, some on Wall Street — like Wedbush analyst Daniel Ives — believe PLTR stock could climb even higher. Ives recently set a bold price target of $160 on Palantir stock. Palantir has been riding high, fueled by rapid expansion in both its government and commercial segments and staking its claim as a cornerstone of enterprise AI. That momentum pushed the stock to an all-time high of $151.51 this month, capturing Wall Street's attention. Still, PLTR stock's lofty valuation continues to spark debate, with bullish sentiment appearing to be running ahead of the company's near-term financial metrics. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for July 16 Dear Google Stock Fans, Mark Your Calendars for July 23 Retirement Ready: 3 Dividend Stocks to Set and Forget Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! So, will the company's AI-fueled momentum justify the Street's optimism and power through to Ives' ambitious $160 Street-high mark? Or is PLTR stock simply sprinting past what its fundamentals can support? About Palantir Stock Palantir Technologies is a public software company specializing in big‑data analytics and AI platforms (including Gotham, Foundry, Apollo, and AIP) for both government and enterprise clients. The company earned early backing from the CIA's venture arm, In‑Q‑Tel, and has since evolved into a major provider of mission-critical data tools for federal agencies and commercial organizations alike. It currently boasts a market capitalization of $350 billion. PLTR stock has surged dramatically, up 99% year-to-date (YTD) and rising 426% over the past 52 weeks on the back of rapid growth in its AI-powered platforms, deepening expansion across both government and commercial sectors, and bullish analyst price targets. In fact, so far this year, Palantir is the top performer of the S&P 500 Index ($SPX). While Palantir's AI momentum is undeniable and the stock surge is impressive, its sky-high valuation raises eyebrows. Priced at 408 times forward adjusted earnings and 123 times sales, PLTR stock trades higher than many AI peers and major tech players. Palantir's Q1 Results Exceed Projections Palantir delivered a powerful first-quarter 2025 report on May 5, with revenue soaring 39% year-over-year (YOY) to $884 million, comfortably surpassing analysts' expectations. Domestic growth was a standout, with U.S. revenue growing 55% annually to $628 million. Within that segment, U.S. commercial revenue surged 71% while government revenue climbed 45% YOY. Profitability metrics were equally impressive. Adjusted net income hit $334.4 million, up 70% YOY, while adjusted EPS increased more than 62% to $0.13, topping the estimates. Plus, the company exited the quarter with $370.4 million in adjusted free cash flow — more than double last year's figure — reflecting a strong 42% margin and marked improvement in operational efficiency and YOY cash generation. These standout figures gave Palantir confidence to raise its full-year revenue guidance to the range of $3.89 billion to $3.902 billion, indicating roughly 36% of top-line growth for fiscal 2025. U.S. commercial revenue growth is expected to be at least 68%. Management also raised its adjusted income from operations guidance, now expected to be between $1.71 billion and $1.72 billion. Analysts expect the company's EPS to climb 362% YOY to $0.37 in fiscal 2025, then rise another 16% to $0.43 in fiscal 2026. What Do Analysts Expect for Palantir Stock? Wedbush analyst Dan Ives recently upheld his 'Outperform' rating on PLTR stock while raising the price target from $140 to $160. The analyst characterized Palantir as on a 'golden path to become the next Oracle,' positioning it as a foundational platform amid a projected trillion‑dollar wave of global AI spend. Despite its currently high valuation, Wedbush views Palantir as a core winner in the AI revolution, with a strong competitive moat and customer momentum. Still, not everyone is on board. Citi reaffirmed a 'Neutral' rating on the stock and maintained a $115 price target. The firm cited optimism around AIP and financial services, but flagged valuation concerns and mixed international momentum, especially in European commercial markets. PLTR stock has a consensus rating of a 'Hold' overall. Of the 20 analysts covering the stock, three advise a 'Strong Buy,' 12 suggest a 'Hold,' one analyst gives it a 'Moderate Sell' rating, and four rate PLTR as a 'Strong Sell.' Palantir is trading at a premium to its average analyst price target of $106.12. However, Wedbush's Street-high target of $160 signals that the tech stock could still rise as much as 6% from current levels. On the date of publication, Sristi Suman Jayaswal 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
Bloomberg
22 minutes ago
- Bloomberg
Trump ‘Crypto Week' Advances as House Conservatives End Blockade
Republican conservatives dropped a two-day blockade of industry-backed crypto bills, opening the way for House votes on a series of measures backed by President Donald Trump. The hardliners ultimately gave way after facing pressure from Trump on Tuesday, who has embraced digital assets and been promoting the upcoming votes as 'Crypto Week.'
CBS News
22 minutes ago
- CBS News
Colorado city of Englewood reimagining what parts South Broadway will look like
The City of Englewood recently launched an effort to re-imagine what parts of South Broadway will look like. It's part of the South Broadway Revitalization Project which focuses on just over two miles from Jefferson Avenue to Belleview Avenue. South Broadway runs through the heart of the city that lies just south of Denver, and that stretch of the road already features small local businesses, an arts district and community events. But those who work, live and play in the area want it to be more pedestrian-friendly and welcoming for people and businesses alike. "It's not walkable for a number of reasons," said Ryan Kelly, the owner of Hum Furniture. "It feels like a lot like, almost like a highway. People are zooming past. It seems more geared towards cars getting to their next destination than serving the community around us." Many added it often feels like a commuter stretch, especially in the area about a mile away from downtown Englewood. "It can make walking here a little bit dicey. I've also noticed that this area of Englewood is not an area that people look at as a destination or a place to spend a lot of time," said Whitney Bradford, who opened Western Sky Bar & Taproom nearly four years ago. Surrounding Bradford's business are some vacant buildings, some other small businesses and another bar across the street. "This is a really good example of where there could be some more pedestrian-friendly infrastructure," said Bradford. "I don't know how many times I've seen people dart across Broadway to go from Western Sky to the Englewood Tavern, and it's pretty scary." With the South Broadway Revitalization Project, the city hopes to make improvements by focusing on nine strategy areas, including safety, economic development and redevelopment. The city has also created strategy groups, in which Bradford is part of several. "I would also like to see some food options, a coffee shop, something like that, to where we can really try to become like a cohesive business community and support each other through this corridor," said Bradford. "So, to get it done, we probably need a couple of destinations where communities that are surrounding it can come and enjoy," said Kelly. "If the city could do something like that, I think it would be amazing." The project also includes adding more amenities and public art and hosting more signature events, with the overall goal of bringing more vibrancy to the area that some say is overlooked. "That's something that I'm really excited about, and getting more people to be able to come together on this side of town and meet their neighbors and have a good time," said Bradford. "I'm excited to hopefully see some new businesses being enticed to the area, some more pedestrian-friendly infrastructure, more greenery, a facelift and more color. I'm just really looking forward to this, this area kind of getting into their untapped potential." The revitalization project is still in the early stages. The City of Englewood is now asking the community to weigh in and share their thoughts on the future of the corridor through community surveys and public meetings. For more information about the project or to share your thoughts, visit
