Palantir and Crypto Stocks Lead This Week's Top Picks

It has been an extremely slow week when it comes to markets, but we have managed to find a few stocks that make our top stocks list this week: Micron, Palantir (NASDAQ:PLTR). Last week it tumbled more than 16% last week Thursday after the company reported its latest quarterly earnings, with its outlook disappointing investors. Despite initially posting a modest gain on Tuesday, the stock managed to edge around 0.

1% lower before the Christmas holiday after the Biden administration launched a new trade investigation into Chinese-made legacy semiconductors. The investigation is said to be aimed at protecting U.S. semiconductor producers from China’s state-driven expansion of its chip industry, which has enabled Chinese companies to offer chips at artificially lower prices.Despite the slow week, Palantir’s stock has experienced some movement. After a more than 2% gain in Tuesday’s session, the stock pulled back slightly on Thursday, and as of 09:40 am ET on Friday, it is down over 3%. Even so, in a note to clients Thursday, analysts at Wedbush said they believe the company has a “credible path to morph into the next Oracle (NYSE:ORCL). “With AI spending expected to ramp significantly within IT budgets in 2025, we believe the Messi of AI Palantir is in a prime spot to continue expanding its pipeline/deal flow,” added the firm. They believe that it will provide more use cases “to address critical problems across industries and empower data-driven decision-making with a comprehensive suite of AI/ML solutions.” This week, crypto stocks, in general, make the list as the leading cryptocurrency now sits well below the $100,000 mark. Bitcoin rose over 4% on Tuesday and gained around 0.8% on Christmas day before a 3.7% decline on Thursday. At the time of writing, it is trading at around $95,050, down around 0.3% on Frida

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Palantir and Vistra Lead the S&P 500's Top Performing Stocks of 2024The S&P 500 has seen strong performance in 2024, exceeding expectations. This article highlights the top-performing stocks, including data analytics company Palantir and energy provider Vistra, which have benefited from the AI boom.
Source: Investingcom - 🏆 450. / 53 Read more »

Crypto industry celebrates Trump appointing David Sacks as AI, crypto 'czar' to lead industry innovationDavid Sacks, President-elect Trump's pick for AI and crypto 'czar,' is a billionaire tech venture capitalist and podcaster who's a member of the so-called 'PayPal Mafia.'
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stocks making the biggest moves premarket: Nvidia, Palantir, Interpublic Group, Reddit, Macy's and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Making Moves: Hims & Hers, Vertex, Palantir, Darden and MoreA look at the companies seeing significant price changes in midday trading, including Hims & Hers, Vertex Pharmaceuticals, Palantir Technologies, Darden Restaurants, Accenture, and Micron Technology.
Source: CNBC - 🏆 12. / 72 Read more »