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Palantir Falls as Anthropic Fears Spark AI Selloff, Trump Throws Support
business20 hours ago

Palantir Falls as Anthropic Fears Spark AI Selloff, Trump Throws Support

Palantir Technologies' shares slid about 7% on Thursday, extending roughly a 37% drop from their November peak as fears about Anthropic's Mythos AI roil the sector. Wedbush argues the concerns are overstated, pointing to Palantir’s Ontology data architecture and expanding deals across commercial and government work. Trump publicly endorsed Palantir on Truth Social, but the stock’s weakness underscores how AI hype is weighing on software names, even those with a strong data moat.

via Barron's|
#ai#anthropic-mythos#business
Palantir Slips on Anthropic Fears as Trump Voices Support
business1 day ago

Palantir Slips on Anthropic Fears as Trump Voices Support

Palantir Technologies’ stock fell more than 7% on Thursday, extending a 37% retreat from its November high as fears about Anthropic’s Mythos AI weigh on the software sector; Wedbush characterized the worries as overblown, highlighting Palantir’s data-mapping Ontology and growing deals, while President Trump publicly offered supportive comments, underscoring the stock’s prominent AI narrative.

via Barron's|
#anthropic#business#mythos-ai
Trump's EV Tax Credit Changes Could Boost Tesla's Market Position
business1 year ago

Trump's EV Tax Credit Changes Could Boost Tesla's Market Position

The potential removal of the $7,500 electric vehicle tax credit by the Trump administration could bolster Tesla's market dominance, according to Wedbush analyst Dan Ives. While the loss of the credit may challenge other automakers like GM, Ford, and startups like Rivian, Tesla's competitive pricing and market position may allow it to maintain sales and fend off competition. The change could slow Detroit's shift to EVs, but Tesla's influence in the White House might lead to new incentives benefiting the EV sector.

via TESLARATI|
#automotive-industry#business#ev-tax-credit
Tesla Soars Amid Musk's Growing Influence in Trump Era
business1 year ago

Tesla Soars Amid Musk's Growing Influence in Trump Era

Tesla shares surged following the presidential election, driven by optimism about reduced regulations under a Trump administration and a significant price target increase from Wedbush analysts. Wedbush raised its target from $300 to $400, citing Tesla's potential in AI and autonomous vehicles, which they estimate could be worth $1 trillion. The analysts view Tesla as the most undervalued AI opportunity in the market, maintaining an "outperform" rating on the stock, which has risen 40% since Election Day.

via Investopedia|
#ai#business#stock-market
"Analyst Predicts Inevitable Demise of GameStop Stock Amidst Sales Decline and Job Cuts"
finance2 years ago

"Analyst Predicts Inevitable Demise of GameStop Stock Amidst Sales Decline and Job Cuts"

GameStop's stock continues to plummet following its latest earnings release, with analysts at Wedbush predicting the company's demise later this decade due to declining sales, cash burn, and lack of a clear strategy to replace lost game sales. Despite manageable losses in the near term, the firm believes GameStop may struggle to trim costs fast enough to prevent further growth of its losses, potentially leading to a likely runway of no more than five years. Wedbush has cut its price target for the stock to $5.60 from $6 per share, maintaining an underperform rating, implying a downside risk of nearly 60% based on Wednesday’s price of $13.10.

via Investing.com|
#analyst#earnings#finance
AMC's Q4 Share Gains Signal Turbulent 2024 Ahead, Predicts Wedbush
finance2 years ago

AMC's Q4 Share Gains Signal Turbulent 2024 Ahead, Predicts Wedbush

Analyst firm Wedbush expects AMC Entertainment Holdings Inc. to see share gains in its Q4 earnings report, attributing this to its expanded market share and success with concert films. However, Wedbush warns that 2024 could be a challenging year for AMC due to potential box office declines and debt repayment obligations. The company faces a first-quarter EBITDA loss, but is expected to return to positive EBITDA later in the year and expand margins in 2025. Despite opportunities for market share expansion and European circuit upgrades, concerns remain about AMC's heavy debt load and lack of a dividend. CEO Adam Aron has indicated that he will address the company's performance during the Q4 earnings call.

via MarketWatch|
#amc#debt#finance
"Palantir: The AI Gem Set to Surge 80% with Bullish Revenue Outlook"
financetechnology2 years ago

"Palantir: The AI Gem Set to Surge 80% with Bullish Revenue Outlook"

Wedbush Securities predicts that Palantir's stock could surge 80% in the next year due to its AI developments, raising its target to $30 following a strong earnings report where the company's revenue increased by 20%. Palantir is seen as a top pick to gain exposure to the AI revolution, with its AI platform gaining momentum among customers. The company anticipates US commercial revenue to surpass $640 million in 2024, reflecting growth of at least 40%, and is considered an "undiscovered gem" in the AI space.

via Yahoo Finance|
#ai#financetechnology#palantir