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Palantir Technologies

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

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Palantir announced a contract granted by the DEVCOM Army Research Laboratory that broadens Maven Smart System access across military branches.

Palantir Wins Deal Worth Multi-Million Dollars To Expand Maven Smart System Across US Army, Air Force, Space Force &amp; Navy

Elon Musk invita Joe Lonsdale a unirsi al D.O.G.E: avrà accettato?

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Palantir co-founder Joe Lonsdale expressed strong support for Elon Musk&#39;s acquisition of Twitter (now X), stating it was crucial for preserving free speech and the West, despite the financial challenges faced by the platform.

Palantir Co-Founder Joe Lonsdale Backs Elon Musk&#39;s Twitter Acquisition, Saying If He Had Not Bought It Then &#39;The Entire West Would Be At 10x The Threat&#39;

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Palantir shares appear to be getting a lift Thursday morning after the company was awarded a new $99.8 million contract by the United States Army. The firm-fixed-price contract involves user licenses for the Maven Smart System AI tool, ancillary software support and hardware.

Palantir Stock Hits 52-Week Highs Thursday: What&#39;s Going On?

Palantir Technologies Inc. Class A Common Stock

Palantir Technologies Inc

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40954941/palantir-expands-maven-smart-system-aiml-capabilities-to-military-services" rel="noreferrer noopener">trading lower in the premarket session on Friday.</a>
The company announced a contract granted by the DEVCOM Army Research Laboratory (ARL) that broadens Maven Smart System access across military branches, including the Army, Air Force, Space Force, Navy, and U.S. Marine Corps.
This firm-fixed price contract totals up to $99.804 million over five years and streamlines the process for services to utilize the existing features of the Maven Smart System. Maven Smart System is part of the National Geospatial-Intelligence Agency&#8217;s Maven AI framework.
&#8220;To stay ahead of our adversaries, we must deliver software advantage at speed and at every level of the Department of Defense,&#8221; said Shannon Clark, Head of Defense Growth, Palantir.&nbsp;
Also Read:<a target="_blank" href="https://www.benzinga.com/news/24/09/40951997/palantir-co-founder-joe-lonsdale-backs-elon-musks-twitter-acquisition-saying-if-he-had-not-bought-it" rel="noreferrer noopener"> Palantir Co-Founder Joe Lonsdale Backs Elon Musk&#8217;s Twitter Acquisition, Saying If He Had Not Bought It Then &#8216;The Entire West Would Be At 10x The Threat&#8217;</a>
Under the latest development, Palantir&#8217;s platform will enhance AI-enabled battlespace awareness and support global integration, force management, logistics, and joint targeting workflows to improve military interoperability and readiness.
&#8220;This contract vehicle will allow every military department to tap into the innovation that the Office of Secretary of Defense and NGA have created through Maven to accelerate their own CJADC2 programs,&#8221; said Akash Jain, President of Palantir USG.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, PLTR stock has gained over 149% in the past year. Investors can gain exposure to the stock via&nbsp;REX AI Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) and&nbsp;Global X Funds Global X Defense Tech ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>).
Price Action: PLTR shares are trading lower by 2.39% to $35.95 premarket at last check Friday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40946478/chinas-nio-says-40-of-its-store-managers-are-ex-tesla" target="_blank" rel="noreferrer noopener">China&#8217;s NIO Says 40% Of Its Store Managers Are Ex-Tesla</a></li>
</ul>

Palantir Wins Deal Worth Multi-Million Dollars To Expand Maven Smart System Across US Army, Air Force, Space Force & Navy

This firm-fixed price contract is worth up to&nbsp;$99.80 million&nbsp;over five years and simplifies and expedites the ability for services to access the existing capabilities within Maven Smart System. Maven Smart System is part of the National Geospatial-Intelligence Agency&#39;s Maven AI infrastructure.

Palantir Says Awarded Contract  By DEVCOM Army Research Laboratory Expanding Maven Smart System Access Across Military Services; Firm-fixed Price Contract Is Worth Up To $99.80M

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder, Joe Lonsdale, has expressed his support for Tesla and SpaceX CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">acquisition of</a> Twitter, now rebranded as X.
What Happened: On Thursday, while appearing on CNBC&#8217;s Squawk Box, Lonsdale was asked about Musk&#8217;s sentiments toward his $44 billion purchase of Twitter. 
Lonsdale responded positively, suggesting that Musk&#8217;s acquisition was a crucial step for the preservation of the West.
&#8220;If Elon hadn&#8217;t bought Twitter, if he hadn&#8217;t done this, the entire West would be at 10x the threat,&#8221; he said and went on to underscore the significance of free speech in maintaining our civilization.
See Also: <a href="https://www.benzinga.com/news/23/05/32623067/how-to-take-the-perfect-moon-shot-using-an-iphone-14?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Take The Perfect Moon Shot Using An iPhone 15</a>
When probed about the financial implications of the acquisition, Lonsdale acknowledged a decrease in revenue due to brands pulling their support.
However, he contended that this was a result of illegal coordination and attacks, which he deemed &#8220;probably illegal.&#8221;
he stated that while brands have the right to withdraw their support, behind-the-scenes coordination to damage a company is inappropriate.
Musk also shared the clip from this discussion on X and said, &#8220;Thanks Joe.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thanks Joe <a href="https://t.co/swbYEjVnGW">https://t.co/swbYEjVnGW</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836806074638434556?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Why It Matters: Musk&#8217;s acquisition of Twitter has been fraught with controversy. Just earlier this month, it was reported that X is expected to see a drastic <a href="https://www.benzinga.com/news/24/09/40762349/x-faces-major-advertiser-exodus-amid-string-of-elon-musk-controversies">reduction in advertising expenditure</a> in 2025, following a 26% decline in marketers' ad spending on the platform.
Last month, it was reported that since Musk&#8217;s acquisition, <a href="https://www.benzinga.com/startups/24/08/40533138/as-twitters-revenue-collapses-by-84-tesla-bulls-fear-elon-musk-will-liquidate-more-tesla-stock-bring">X&#8217;s revenue has plummeted by 84%</a>. This number also reportedly sparked fears among Tesla investors that Musk might sell more of his Tesla stock to fill the financial gap.
Previously, Meta Platforms Inc's president for global affairs, Nick Clegg, also criticized X for becoming a "tiny" platform for elites that <a href="https://www.benzinga.com/news/24/09/40852207/meta-exec-slams-elon-musks-x-as-tiny-platform-that-allows-anyone-say-anything">permits anyone to say anything</a>.
He also noted that individuals banned from Meta's platforms like Facebook and Instagram remain active on X and Telegram, and were involved in the far-right protests and riots in Britain last month.
Meanwhile, on Thursday morning, Palantir <a href="https://www.benzinga.com/news/24/09/40939510/palantir-stock-hits-52-week-highs-thursday-whats-going-on">shares made a new 52-week high</a>. This development came after the company got a new contract from the U.S. Army worth $99.8 million.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40914747/jpmorgan-ceo-jamie-dimon-thinks-social-media-platforms-like-tiktok-and-facebook-are-a-total-stupid-w?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Thinks Social Media Platforms Like TikTok And Facebook Are &#8216;A Total Stupid Waste Of Time&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Palantir Co-Founder Joe Lonsdale Backs Elon Musk's Twitter Acquisition, Saying If He Had Not Bought It Then 'The Entire West Would Be At 10x The Threat'

Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are making new 52-week highs Thursday morning. Here&#8217;s a look at <a href="https://www.benzinga.com/markets/equities/24/09/40931562/cathie-woods-ark-invest-continues-dumping-robinhood-and-palantir-shares-as-interest-rates-fall">what&#8217;s going on</a>.
What Happened: Palantir shares are on watch Thursday after the company was awarded a new $99.8 million contract by the United States Army.
According to a <a href="https://www.defense.gov/News/Contracts/Contract/Article/3910169/">contract update</a> posted on the U.S. Department of Defense&#8217;s (DOD) website, Palantir has been awarded a $99.804 million firm-fixed-price contract that involves user licenses for the Maven Smart System AI tool, ancillary software support and hardware.
The DOD release states that the contract has an estimated completion date of Sept. 24, 2029.&nbsp;Work locations and funding will be determined with each order.
Palantir was previously awarded a <a href="https://www.benzinga.com/markets/equities/24/05/39079527/palantir-stock-shrugs-off-cramers-sell-call-as-480m-ai-contract-for-army-fuels-premarket-rally">$480 million firm-fixed-price contract</a> by the U.S. Army for the&nbsp;Maven Smart System&nbsp;prototype in May. That contract has an estimated completion date of May 28, 2029.
Palantir&#8217;s <a href="https://www.benzinga.com/news/earnings/24/08/40172453/palantir-q2-earnings-revenue-beat-eps-beat-customer-count-up-41-driven-by-strength-in-us-commercial#">latest quarterly results</a> showed that U.S. government revenue grew 24% year-over-year in the second quarter to $278 million. Total government revenue was up 23% year-over-year to $371 million.
Palantir is not due to report earnings again until sometime around the end of October. Analysts are currently forecasting earnings of 9 cents per share and revenue of $701.13 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Palantir shares are also benefiting from strength across broader markets on the heels of a 0.5% rate cut from the Federal Reserve on Wednesday. This week&#8217;s 0.5% rate cut brought the&nbsp;target fed funds rate&nbsp;to a new range&nbsp;between 4.75% and 5%, down from a 23-year high of 5.25% to 5.5%. It was also the first rate cut since March 2020.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40931562/cathie-woods-ark-invest-continues-dumping-robinhood-and-palantir-shares-as-interest-rates-fall#google_vignette">Cathie Wood&#8217;s Ark Invest Continues Dumping Robinhood And Palantir Shares As Interest Rates Fall</a>
PLTR Price Action: Palantir shares were down 0.4% at $36.24 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Palantir Stock Hits 52-Week Highs Thursday: What's Going On?

<a href="https://www.defense.gov/News/Contracts/Contract/Article/3910169/" title="https://www.defense.gov/News/Contracts/Contract/Article/3910169/">https://www.defense.gov/News/Contracts/Contract/Article/3910169/</a>

Reported September 18; Palantir USG Awarded $99.8M Contract For Maven Smart System AI Tool, Software Support, And Hardware, With Completion Expected By September 2029

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is going to go higher, adding that <a href="https://www.benzinga.com/quote/WFC">it's a &#8220;winner.&#8221;</a>
On Sept. 17, the San Francisco-based bank launched specialized Application Programming Interfaces (APIs) for its Commercial Banking clients, expanding its API portfolio. 
These APIs offer real-time data access aimed at boosting sales, improving liquidity, reducing credit risk, and cutting expenses for floorplan and channel finance clients <a href="https://www.benzinga.com/markets/equities/24/09/40903846/wells-fargo-launches-new-apis-to-boost-efficiency-and-productivity-details">across several industries.</a>
&#8220;It's had too big a move up,&#8221; Cramer said when asked about Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>). &#8220;Let's move on.&#8221;
On Aug. 1, Iron Mountain reported better-than-expected second-quarter financial results and issued FY24 AFFO guidance above estimates. Also, the company increased its quarterly dividend.
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is a &#8220;cold&#8221; stock, Cramer said.
On Sept. 17, the company inked a multi-year, multi-million-dollar contract with Nebraska Medicine. As per the deal, Palantir will utilize its Artificial Intelligence Platform (AIP) to enhance healthcare through <a href="https://www.benzinga.com/markets/equities/24/09/40898997/palantirs-ai-powers-nebraska-medicine-inks-multi-million-dollar-deal-to-advance-patient-care">transformative technologies</a>.
The &#8220;Mad Money&#8221; host recommended buying PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>). &#8220;That stock is a good one, rate increase or no,&#8221; he added.
On Sept. 12, B of A Securities analyst Ross Fowler reinstated PG&amp;E with a Buy and announced a $24 price target.
Price Action:
<ul>
<li>Iron Mountain shares gained 0.5% to settle at $116.45 on Wednesday.</li>
<li>Wells Fargo shares fell 0.5% to close at $54.26 during the session.</li>
<li>Palantir shares fell 0.2% to close at $36.38 during Wednesday's session.</li>
<li>PG&amp;E shares fell 1.8% to settle at $19.51.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image: Wikimedia Commons

Long Ideas

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Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A 'Winner'

On Wednesday, Cathie Wood-led Ark Invest continued its trend of offloading shares of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), marking significant trades for the day.
The Robinhood Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) sold 24,796 shares of Robinhood. This decision aligns with Ark&#8217;s recent trading patterns, which have seen a <a href="https://www.benzinga.com/markets/equities/24/09/40890420/cathie-woods-monday-maneuvers-ark-invest-continues-to-offload-robinhood-and-palantir-shares">steady decrease</a> in Robinhood holdings. 
The move comes in the wake of Robinhood&#8217;s $3.9 million settlement with California&#8217;s Department of Justice over its previous ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) withdrawals. Despite this setback, Robinhood has been evolving from a meme stock trading platform to a serious contender against traditional brokerages. The value of the trade, based on Robinhood&#8217;s closing price of $22.95 on the same day, is approximately $569,368. 
Notably, Robinhood shares rose after the Federal Reserve cut interest rates by 50 basis points, <a href="https://www.benzinga.com/news/24/09/40926981/robinhood-markets-stock-surges-wednesday-heres-why">benefiting from increased user engagement</a>, margin trading, and favorable growth stock valuations in a low-rate environment. The shares appreciated 1.4% in the regular session and gained 0.9% in the after-hours trading.
The Palantir Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 32,772 shares of Palantir. This move followed the company&#8217;s 5th AIPCon, where CEO Alex Karp expressed optimism about Palantir&#8217;s inclusion in the S&amp;P 500 Index and the company&#8217;s potential for growth. Based on Palantir&#8217;s closing price of $36.38 on the same day, the value of the trade is approximately $1.2 million.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40867788/expert-says-warren-buffetts-top-executive-ajit-jain-sold-berkshire-hathaway-stake-because-the-st?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Expert Says Warren Buffett&#8217;s Top Executive Ajit Jain Sold Berkshire Hathaway Stake Because &#8216;The Stock Was Fully Pricing The Business&#8217;</a>
Other Key Trades: 
<ul>
<li>Ark Invest sold shares of Veeva Systems Inc. The firm also offloaded shares of Butterfly Network Inc. </li>
<li>Ark Invest bought shares of Tempus AI Inc and sold shares of Roblox Corp. </li>
<li>Ark Invest fund sold shares of Intuitive Surgical Inc and bought shares of 3D Systems Corp. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position</a></li>
</ul>

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ARKF

ARKK

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Cathie Wood's Ark Invest Continues Dumping Robinhood And Palantir Shares As Interest Rates Fall

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$115.00</td>
<td>$59.2K</td>
<td>43.1K</td>
<td>70.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$180.00</td>
<td>$54.3K</td>
<td>18.9K</td>
<td>11.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$152.50</td>
<td>$77.8K</td>
<td>8.6K</td>
<td>8.2K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$38.0K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$697.5K</td>
<td>20.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.00</td>
<td>$48.4K</td>
<td>2.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$125.00</td>
<td>$29.0K</td>
<td>4.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$155.00</td>
<td>$99.9K</td>
<td>3.2K</td>
<td>967</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.00</td>
<td>$25.6K</td>
<td>16.6K</td>
<td>959</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$450.00</td>
<td>$68.0K</td>
<td>778</td>
<td>851</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 250 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $59.2K, with a price of $237.0 per contract. There were 43182 open contracts at this strike prior to today, and today 70495 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 125 contract(s) at a $180.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $54.3K, with a price of $435.0 per contract. There were 18909 open contracts at this strike prior to today, and today 11055 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be neutral, expiring in 2 day(s) on September 20, 2024. This event was a transfer of 401 contract(s) at a $152.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $77.8K, with a price of $194.0 per contract. There were 8666 open contracts at this strike prior to today, and today 8204 contract(s) were bought and sold. 
• For MRVL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), we notice a put option trade that happens to be bullish, expiring in 485 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $760.0 per contract. There were 4182 open contracts at this strike prior to today, and today 2006 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 1065 contract(s) at a $30.00 strike. This particular call needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $697.5K, with a price of $655.0 per contract. There were 20070 open contracts at this strike prior to today, and today 1246 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 121 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $19.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $48.4K, with a price of $242.0 per contract. There were 2511 open contracts at this strike prior to today, and today 1048 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option trade with bullish sentiment. It expires in 2 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 4557 open contracts at this strike prior to today, and today 1031 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 740 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $99.9K, with a price of $135.0 per contract. There were 3263 open contracts at this strike prior to today, and today 967 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be bullish, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $128.0 per contract. There were 16691 open contracts at this strike prior to today, and today 959 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option sweep that happens to be neutral, expiring in 30 day(s) on October 18, 2024. This event was a transfer of 18 contract(s) at a $450.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $3784.0 per contract. There were 778 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

INTC

MARA

MRVL

MSTR

NVDA

ORCL

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Whales with a lot of money to spend have taken a noticeably bullish stance on Palantir Technologies.
Looking at options history for Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $334,048 and 4, calls, for a total amount of $253,470.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $50.0 for Palantir Technologies, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days. 
<h3>Palantir Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726672638_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$10.75</td>
<td>$10.6</td>
<td>$10.6</td>
<td>$45.00</td>
<td>$159.0K</td>
<td>469</td>
<td>0</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$13.05</td>
<td>$13.0</td>
<td>$13.04</td>
<td>$25.00</td>
<td>$130.4K</td>
<td>501</td>
<td>101</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.09</td>
<td>$1.06</td>
<td>$1.06</td>
<td>$37.00</td>
<td>$62.0K</td>
<td>1.9K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.8</td>
<td>$10.7</td>
<td>$10.7</td>
<td>$26.00</td>
<td>$53.5K</td>
<td>5.2K</td>
<td>50</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.47</td>
<td>$0.46</td>
<td>$0.47</td>
<td>$36.00</td>
<td>$47.0K</td>
<td>6.4K</td>
<td>8.3K</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
<h3>Palantir Technologies's Current Market Status</h3>
<ul>
<li>With a volume of 19,193,147, the price of PLTR is up 0.58% at $36.66. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>What The Experts Say On Palantir Technologies</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $41.0.
<ul>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Palantir Technologies with a target price of $50. </li>
<li>An analyst from Wedbush downgraded its action to Outperform with a price target of $38. </li>
<li>Reflecting concerns, an analyst from Northland Capital Markets lowers its rating to Market Perform with a new price target of $35.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palantir Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Palantir Technologies's Recent Unusual Options Activity

In today's rapidly changing and fiercely competitive business landscape, it is vital for investors and industry enthusiasts to carefully evaluate companies. In this article, we will perform a comprehensive industry comparison, evaluating Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) against its key competitors in the Software industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Palantir Technologies Background</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Palantir Technologies Inc</td>
<td>213.59</td>
<td>20.08</td>
<td>34.79</td>
<td>3.43%</td>
<td>$0.11</td>
<td>$0.55</td>
<td>27.15%</td>
</tr>
<tr>
<td>SAP SE</td>
<td>93.42</td>
<td>5.65</td>
<td>7.29</td>
<td>2.1%</td>
<td>$1.94</td>
<td>$6.02</td>
<td>9.72%</td>
</tr>
<tr>
<td>Salesforce Inc</td>
<td>44.76</td>
<td>4.26</td>
<td>6.90</td>
<td>2.44%</td>
<td>$2.79</td>
<td>$7.17</td>
<td>8.39%</td>
</tr>
<tr>
<td>Adobe Inc</td>
<td>44.16</td>
<td>15.90</td>
<td>11.30</td>
<td>11.46%</td>
<td>$2.31</td>
<td>$4.85</td>
<td>1.86%</td>
</tr>
<tr>
<td>Intuit Inc</td>
<td>61.96</td>
<td>9.83</td>
<td>11.27</td>
<td>-0.11%</td>
<td>$0.13</td>
<td>$2.4</td>
<td>17.4%</td>
</tr>
<tr>
<td>Synopsys Inc</td>
<td>51.41</td>
<td>9.93</td>
<td>11.98</td>
<td>5.49%</td>
<td>$0.46</td>
<td>$1.24</td>
<td>12.65%</td>
</tr>
<tr>
<td>Cadence Design Systems Inc</td>
<td>70.76</td>
<td>17.55</td>
<td>17.92</td>
<td>5.86%</td>
<td>$0.38</td>
<td>$0.92</td>
<td>8.61%</td>
</tr>
<tr>
<td>Workday Inc</td>
<td>42.97</td>
<td>7.91</td>
<td>8.51</td>
<td>1.6%</td>
<td>$0.28</td>
<td>$1.57</td>
<td>16.68%</td>
</tr>
<tr>
<td>Roper Technologies Inc</td>
<td>41.60</td>
<td>3.29</td>
<td>9.12</td>
<td>1.88%</td>
<td>$0.69</td>
<td>$1.19</td>
<td>12.12%</td>
</tr>
<tr>
<td>Autodesk Inc</td>
<td>54.86</td>
<td>23.32</td>
<td>9.99</td>
<td>12.17%</td>
<td>$0.39</td>
<td>$1.36</td>
<td>11.9%</td>
</tr>
<tr>
<td>AppLovin Corp</td>
<td>49.68</td>
<td>47.69</td>
<td>10.29</td>
<td>39.35%</td>
<td>$0.51</td>
<td>$0.8</td>
<td>43.98%</td>
</tr>
<tr>
<td>Datadog Inc</td>
<td>237.02</td>
<td>15.60</td>
<td>17.14</td>
<td>1.9%</td>
<td>$0.06</td>
<td>$0.52</td>
<td>26.66%</td>
</tr>
<tr>
<td>Ansys Inc</td>
<td>56.19</td>
<td>4.98</td>
<td>11.99</td>
<td>2.37%</td>
<td>$0.2</td>
<td>$0.52</td>
<td>19.64%</td>
</tr>
<tr>
<td>Tyler Technologies Inc</td>
<td>121.27</td>
<td>7.98</td>
<td>12.43</td>
<td>2.2%</td>
<td>$0.12</td>
<td>$0.24</td>
<td>7.28%</td>
</tr>
<tr>
<td>PTC Inc</td>
<td>70.92</td>
<td>6.92</td>
<td>9.44</td>
<td>2.32%</td>
<td>$0.13</td>
<td>$0.41</td>
<td>-4.37%</td>
</tr>
<tr>
<td>Zoom Video Communications Inc</td>
<td>24.15</td>
<td>2.44</td>
<td>4.62</td>
<td>2.6%</td>
<td>$0.23</td>
<td>$0.88</td>
<td>2.09%</td>
</tr>
<tr>
<td>Manhattan Associates Inc</td>
<td>82.44</td>
<td>68.82</td>
<td>16.95</td>
<td>21.98%</td>
<td>$0.07</td>
<td>$0.15</td>
<td>14.85%</td>
</tr>
<tr>
<td>Dynatrace Inc</td>
<td>99.13</td>
<td>7.43</td>
<td>10.35</td>
<td>1.89%</td>
<td>$0.06</td>
<td>$0.32</td>
<td>19.93%</td>
</tr>
<tr>
<td>Bentley Systems Inc</td>
<td>42.92</td>
<td>15.16</td>
<td>12.81</td>
<td>7.52%</td>
<td>$0.1</td>
<td>$0.27</td>
<td>11.32%</td>
</tr>
<tr>
<td>Average</td>
<td>71.65</td>
<td>15.26</td>
<td>11.13</td>
<td>6.95%</td>
<td>$0.6</td>
<td>$1.71</td>
<td>13.37%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
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 td:nth-child(3), td:nth-child(5) {
 text-align: left;
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 .dividend-frequency {
 font-size: 12px;
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 }
 </style>Through a meticulous analysis of Palantir Technologies, we can observe the following trends: 
<ul>
<li>
Notably, the current Price to Earnings ratio for this stock, 213.59, is 2.98x above the industry norm, reflecting a higher valuation relative to the industry.
</li>
<li>
With a Price to Book ratio of 20.08, which is 1.32x the industry average, Palantir Technologies might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.
</li>
<li>
The stock's relatively high Price to Sales ratio of 34.79, surpassing the industry average by 3.13x, may indicate an aspect of overvaluation in terms of sales performance.
</li>
<li>
With a Return on Equity (ROE) of 3.43% that is 3.52% below the industry average, it appears that the company exhibits potential inefficiency in utilizing equity to generate profits.
</li>
<li>
Compared to its industry, the company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $110 Million, which is 0.18x below the industry average, potentially indicating lower profitability or financial challenges.
</li>
<li>
The company has lower gross profit of $550 Million, which indicates 0.32x below the industry average. This potentially indicates lower revenue after accounting for production costs.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of 27.15%, outperforming the industry average of 13.37%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726585224_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Palantir Technologies in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
Palantir Technologies exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.06.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Palantir Technologies, the PE, PB, and PS ratios are all high compared to its peers in the Software industry, indicating potentially overvalued stock. On the other hand, the low ROE, EBITDA, and gross profit suggest lower profitability levels compared to industry peers. However, the high revenue growth rate may indicate potential for future growth and market expansion.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Exploring The Competitive Space: Palantir Technologies Versus Industry Peers In Software

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading higher premarket Tuesday. The company inked a multi-year, multi-million-dollar <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40895120/nebraska-medicine-and-palantir-announce-pioneering-partnership-to-use-ai-technology-to-advance-hea" rel="noreferrer noopener">contract with </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40895120/nebraska-medicine-and-palantir-announce-pioneering-partnership-to-use-ai-technology-to-advance-hea" rel="noreferrer noopener">Nebraska Medicine</a>.
As per the deal, Palantir will utilize its Artificial Intelligence Platform (AIP) to enhance healthcare through transformative technologies.
Palantir and Nebraska Medicine began their collaboration in January 2024, with a shared mission to quickly address critical healthcare challenges.
Palantir plans to continue its partnership, aiding Nebraska Medicine by providing AI software for patient flow, nurse allocation, clinical supplies, and revenue cycle optimization.
The partnership will also expand Nebraska&#8217;s Foundry Ontology and explore new opportunities in clinical research and care to improve patient outcomes.
Drew Goldstein, Co-Head of Healthcare at Palantir, stated, &#8220;Their swift commitment to this enterprise partnership highlights our shared focus on rapidly delivering value and driving impactful outcomes to enhance patient care.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/news/management/24/09/40862198/palantir-ceo-offers-radical-take-on-national-security-touch-an-american-and-well-inflict-pain-on-" rel="noreferrer noopener">Palantir CEO Offers &#8216;Radical&#8217; Take On National Security: &#8216;Touch An American And We&#8217;ll Inflict Pain On You For Generations&#8217;</a>
Michael Ash, Nebraska Medicine president and chief operating officer, said, &#8220;The technology allows our staff to work smarter, and for more of our patients to leave the hospital as soon as they&#8217;re able. Most exciting for us – this is just the beginning of the innovations we&#8217;ll discover together and lead the way for other hospitals.&#8221;
Last month, Palantir disclosed that it was named a leader in artificial intelligence (AI) and <a target="_blank" href="https://www.benzinga.com/news/24/08/40628553/whats-going-on-with-palantir-stock-thursday" rel="noreferrer noopener">machine learning (ML) platforms</a>.
Also, Palantir recently announced a strategic partnership with Sompo <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40527816/whats-going-on-with-palantir-technologies-shares-premarket-friday" rel="noreferrer noopener">to enhance AI-driven solutions</a>.
Investors can gain exposure to the stock via&nbsp;REX AI Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) and Spinnaker ETF Series Tuttle Capital Self Defense Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GUNZ#BATS">GUNZ</a>).
Price Action: PLTR shares are up 2.2% at $37.11 premarket at the last check Tuesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40892076/palantir-key-enabler-of-clients-businesses-says-bullish-analyst-as-ceo-alex-karp-to" target="_blank" rel="noreferrer noopener">Palantir &#8216;Key Enabler&#8217; Of Clients&#8217; Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels</a></li>
</ul>

Large Cap

GUNZ

Palantir's AI Powers Nebraska Medicine: Inks Multi-Million Dollar Deal To Advance Patient Care

Palantir will continue to work with Nebraska Medicine by providing AI software to help orchestrate patient flow, nurse allocation, clinical supplies management and revenue cycle optimization at scale, while expanding Nebraska&#39;s Medicine core Foundry Ontology to additional high-priority areas through a single connected platform.&nbsp;

Palantir, Nebraska Medicine Enter New Multi-year, Multi-million-dollar Contract For Artificial Intelligence Platform To Help Improve Healthcare

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) <a href="https://www.benzinga.com/news/24/09/40837515/whats-going-on-with-palantir-stock-today">held its 5th AIPCon last week, </a>which was live-streamed on Thursday, and a bullish analyst came away from the conference impressed.
The Palantir Analyst: BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $50 price target for the stock, which suggests an upside potential of about 38%.
The Palantir Thesis: Palantir CEO Alex Karp kicked off the meeting by relaying excitement over Palantir&#8217;s inclusion in the prestigious S&amp;P 500 Index and stating that the event recognizes Palantir as an &#8220;actual serious&#8221; company, Perez Mora said.
Karp also highlighted all the success that has been built on top of &#8220;powerful products, strong values and the very best people and partners,&#8221; the analyst said. The partners are de facto the company&#8217;s clients, the analyst said. The CEO is convinced that Palantir could be 10 times larger than what is currently, she added.
&#8220;We see Palantir as a key enabler of their partners&#8217; acceleration, driving material results to strengthen their business and in turn Palantir,&#8221; Perez Mora said.
See Also:<a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks"> Best AI Stocks</a>
The analyst noted that as has been customary of the previous FoundryCon and AIPCons, real customer use cases were a focal point. Executives from global corporations and organizations such as Geospatial Intelligence Agency, Aramark, Associated Materials, Lear, Trinity Industries, Mount Sinai, Komatsu and Tampa General Hospital demonstrated the capabilities and operational benefits achieved within AIP, she noted.
After the public presentation, other customers such as BP, Anduril, DTN, EllisDon, Department of State, L3Harris, Owens &amp; Minor and Selkirk Spor held demos to prospective customers, she said. The analyst expects AIPCon demos to expand the portfolio to customers, ranging from commercial businesses and hospitals to government customers, as well as use cases.
Delving into the other opportunities, Perez Mora noted that the recently launched &#8220;Warp Speed&#8221; product was pitched as a new tool for the American industrial base to re-industrialize their businesses with a digital marketing operating system. The analyst also said she sees an increasing sense of urgency in the U.S. to ramp up the dry powder of the military-industrial base, particularly in the efforts to deter the pacing threats from China.
Palantir Stock: Palantir ended Monday&#8217;s session up 2.02% at $$36.31, and in the premarket session on Tuesday, the stock edged up about 0.1%, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40871493/worried-about-staggering-tech-valuation-analyst-says-these-stocks-are-poised-to-go-higher-as-fed">Worried About Staggering Tech Valuation? Analyst Says These Stocks Are Poised To Go Higher As Fed Kicks Off &#8216;Rate-Cutting Cycle&#8217; This Week</a></li>
</ul>
Photo by Spyro the Dragon on Shutterstock

Analyst Color

Reiteration

Analyst Ratings

Palantir 'Key Enabler' Of Clients' Businesses, Says Bullish Analyst, As CEO Alex Karp Touts 10-Fold Growth From Current Levels

On Monday, Cathie Wood-led Ark Invest made significant trades, with Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The HOOD Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund sold 18,961 shares of Robinhood in a trend that <a href="https://www.benzinga.com/markets/equities/24/09/40846595/cathie-woods-ark-invest-buys-6-9m-worth-of-shares-of-nvidia-rival-amd-sells-palantir-and-robinho">continues from the previous week</a>. This move follows Robinhood&#8217;s <a href="https://www.benzinga.com/news/24/09/40798894/robinhood-reaches-3-9m-settlement-with-california-over-blocking-cryptocurrency-withdrawals">recent agreement</a> to a $3.9 million settlement with California&#8217;s Department of Justice over its past ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) cryptocurrency withdrawals. 
Despite this, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on Robinhood&#8217;s closing price of $22.21 on the same day, the value of the trade is approximately $421,123. 
The PLTR Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) fund sold 4,407 shares of Palantir. The firm had been offloading Palantir shares last week as well. 
This sale after Palantir&#8217;s stock soared by 14.08% following the announcement that the company <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">will join the S&amp;P 500 index</a>. Based on Palantir&#8217;s closing price of $36.31 on the same day, the value of the trade is approximately $160,018. 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKG fund bought shares of Guardant Health Inc (GH). </li>
<li>Ark Invest&#8217;s ARKG fund sold shares of Veracyte Inc (VCYT). Ark Invest&#8217;s ARKK fund bought shares of Shopify Inc (SHOP). </li>
<li>Ark Invest&#8217;s ARKK fund sold shares of Roku Inc (ROKU). Ark Invest&#8217;s ARKQ fund sold shares of Materialise NV (MTLS).</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40890217/microsoft-announces-60b-share-buyback-program-10-dividend-increase-amid-rising-ai-investment-and">Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Monday Maneuvers: Ark Invest Continues To Offload Robinhood And Palantir Shares

Tech&#8217;s extended bull run has more legs to play out, with a key imminent catalyst potentially giving a<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40828657/top-3-tech-stocks-youll-regret-missing-in-september"> thrust to the stocks belonging to the sector,</a> according to an analyst at Wedbush.
Fed To Kickstart Risk-On Trade: The Federal Reserve will finally begin to cut interest rates in the current monetary policy cycle. The likely cut will come two-and-a-half years after the first rate hike implemented to curb inflationary pressure that reared its ugly head following the stimulatory measures implemented to offset the impact of the COVID-19 pandemic. 
Wedbush&#8217;s Daniel Ives said tech investors now look forward to risk-on trade after some nervousness seen in late July. &#8220;Despite all the noise and white knuckles, overall tech earnings have been generally robust with Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), the latest tech stalwart to give more validation that the AI Revolution is starting to quickly move towards the much-awaited software and use case part of the cycle,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Growth Sweet-spot: The tech supply chain is gearing up for an &#8220;unprecedented&#8221; period of growth, driven by the massive artificial intelligence capex spending over the next few years, Ives said, basing his view on Asia checks.
The AI revolution, which kickstarted with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), now has ramifications for the broader tech sector, the analyst said, calling the technology the fourth industrial revolution. This revolution is happening across semiconductor, software, infrastructure, internet and smartphones and will likely extend over the next 12 to 18 months, he said.
Nvidia and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are core drivers of AI, and now other tech stocks such as Oracle, ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), Dell Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Advanced Micro Devices, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NYSE">AMD</a>) are joining the party as well, he said. &#8220;We believe the stage is set for tech stocks to move higher into yearend and 2025 in our opinion as the Fed and Powell kick off its rate-cutting cycle this week, macro soft landing remains the path, and tech spending on AI remains a generational spending cycle just starting to hit the shores of the tech sector,&#8221; Ives said.
Why It&#8217;s Important: The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an exchange-traded fund that tracks the Nasdaq 100 Index, has been on an extended uptrend since the start of 2023. This is despite the hiccup seen since mid-July due to concerns about the lavish capex plans of AI companies.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png" alt="" class="wp-image-548793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111-1536x713.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16015317/image-111.png 1860w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro data.
The extended run-up introduces caution among investors, given valuations have become stretched. Analysts also see the laggards and leaders switching places when the Fed begins to cut rates, with <a href="https://www.benzinga.com/markets/equities/24/07/39830547/why-cathie-wood-is-betting-on-small-cap-stocks-triumphing-over-magnificent-six-amid-restrictive-">underperforming interest-rate sensitive small-cap stocks seen as the biggest beneficiaries.</a>
Tech bulls such as Ives see the broadening of the rally rather than one gaining at the expense of the other, given the massive potential AI offers.
The QQQ settled Friday&#8217;s session up 0.45% at $475.34, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a> The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gained 0.50% to $220.44 and is up about 15% for the year.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40771209/peter-schiff-warns-against-irrational-exuberance-toward-tech-stocks-cryptos-as-econ">Peter Schiff Warns Against Irrational Exuberance Toward Tech Stocks, Cryptos As Economist Cites Intel&#8217;s Fall From Grace</a></li>
</ul>
Photo by Phongphan on Shutterstock

AAPL

DELL

MSFT

Worried About Staggering Tech Valuation? Analyst Says These Stocks Are  Poised To Go Higher As Fed Kicks Off 'Rate-Cutting Cycle' This Week

Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO and co-founder Alex Karp didn't hold back when discussing how the company could help military governments in a recent interview ahead of a presentation<a href="https://www.benzinga.com/topic/artificial-intelligence"> on artificial intelligence.</a>
What Happened: Palantir may be one of the most hard-to-explain companies. Yet, it is now part of the<a href="https://www.benzinga.com/markets/equities/24/09/40769921/palantir-stock-soars-in-monday-premarket-whats-driving-the-surge"> S&amp;P 500 Index.</a>
Karp highlighted the company's government segment and what <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 election</a> means for Palantir.
Companies need processes to help translate what data and language models mean. That&#8217;s where Palantir comes in, Karp <a href="https://x.com/SaraEisen/status/1834270110384623823">said</a> on CNBC.
"We figured this out by doing work for the U.S. government," he added. See below.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Alex Karp: "I support: if you touch an American, we will inflict pain on you for generations" he calls out both political parties on this <a href="https://twitter.com/PalantirTech?ref_src=twsrc%5Etfw">@PalantirTech</a> <a href="https://t.co/1Jv9MbKX1d">https://t.co/1Jv9MbKX1d</a>
&mdash; Sara Eisen (@SaraEisen) <a href="https://twitter.com/SaraEisen/status/1834270110384623823?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
If you want to kill your adversary on the battlefield, "you need a way of processing the raw resources," Karp said.
When it comes to government contracts, Karp didn't seem to worry about the 2024 election winner being either Ex-President Donald Trump or Vice President Kamala Harris.
"We embody people who support both Trump and Harris,&#8221; he said, claiming to be an &#8220;unhappy radical Democrat.&#8221; 
Karp also offered his take on what U.S. policy should be when it comes to retaliation for attacks on American troops.
"If you touch an American, we will inflict pain on you for generations,&#8221; he said.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere">Palantir&#8217;s S&amp;P 500 Journey: Rebel Tech Giant Transforms Into &#8216;Frankenstein Monster Powered By Freak Show Leader&#8217;</a>
What's Next: Karp said the S&amp;P 500 inclusion comes after years of complaints against the company. However, he stopped short of celebrating the moment.
"Our job is to show and not tell," Karp said.
Palantir could be worth 10 times more in the future than what it is today, he added.
PLTR Price Action: Palantir stock was up 2% to $35.59 on Friday. The stock hit a new 52-week high of $36.01 in Friday's trading session. Palantir stock is up over 110% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40172453/palantir-q2-earnings-revenue-beat-eps-beat-customer-count-up-41-driven-by-strength-in-us-commercial">Palantir Q2 Earnings: Revenue Beat, EPS Beat, Customer Count Up 41% Driven By Strength In US Commercial</a></li>
</ul>
Image: Flickr

Management

Palantir CEO Offers 'Radical' Take On National Security: 'Touch An American And We'll Inflict Pain On You For Generations'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$118.00</td>
<td>$58.0K</td>
<td>56.8K</td>
<td>71.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$430.00</td>
<td>$30.5K</td>
<td>15.1K</td>
<td>8.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$140.00</td>
<td>$40.8K</td>
<td>3.4K</td>
<td>5.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$36.50</td>
<td>$149.9K</td>
<td>2.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$170.00</td>
<td>$26.1K</td>
<td>11.6K</td>
<td>4.5K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$160.00</td>
<td>$95.0K</td>
<td>8.0K</td>
<td>3.0K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$165.00</td>
<td>$114.5K</td>
<td>1.8K</td>
<td>1.1K</td>
</tr>
<tr>
<td>DV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$30.00</td>
<td>$82.7K</td>
<td>109</td>
<td>674</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$32.7K</td>
<td>1.3K</td>
<td>515</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$93.00</td>
<td>$143.8K</td>
<td>515</td>
<td>455</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 400 contract(s) at a $118.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $58.0K, with a price of $145.0 per contract. There were 56825 open contracts at this strike prior to today, and today 71622 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 50 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $30.5K, with a price of $611.0 per contract. There were 15170 open contracts at this strike prior to today, and today 8389 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 67 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $40.8K, with a price of $610.0 per contract. There were 3447 open contracts at this strike prior to today, and today 5492 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 20, 2024. This event was a transfer of 3488 contract(s) at a $36.50 strike. The total cost received by the writing party (or parties) was $149.9K, with a price of $43.0 per contract. There were 2401 open contracts at this strike prior to today, and today 5309 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $170.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $261.0 per contract. There were 11683 open contracts at this strike prior to today, and today 4561 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option trade with bullish sentiment. It expires in 7 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $95.0K, with a price of $475.0 per contract. There were 8095 open contracts at this strike prior to today, and today 3037 contract(s) were bought and sold. 
• For TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we notice a call option sweep that happens to be bullish, expiring in 14 day(s) on September 27, 2024. This event was a transfer of 100 contract(s) at a $165.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $114.5K, with a price of $1145.0 per contract. There were 1872 open contracts at this strike prior to today, and today 1163 contract(s) were bought and sold. 
• Regarding DV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>), we observe a call option sweep with bullish sentiment. It expires in 490 day(s) on January 16, 2026. Parties traded 662 contract(s) at a $30.00 strike. This particular call needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $82.7K, with a price of $125.0 per contract. There were 109 open contracts at this strike prior to today, and today 674 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option sweep that happens to be bullish, expiring in 126 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $120.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $1090.0 per contract. There were 1382 open contracts at this strike prior to today, and today 515 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on September 27, 2024. Parties traded 310 contract(s) at a $93.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $143.8K, with a price of $465.0 per contract. There were 515 open contracts at this strike prior to today, and today 455 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

On Thursday, Cathie Wood&#8217;s Ark Invest made some significant trades, with Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) being the most prominent.
The AMD Trade: Ark Invest&#8217;s ARKK fund bought 45,541 shares of AMD through its flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The move comes after Oracle Corp&#8217;s executive confirmed AMD&#8217;s <a href="https://www.benzinga.com/news/24/09/40820316/amd-gains-ground-in-ai-chip-market-oracle-exec-confirms-growing-demand-report">growing traction</a> in the data center chip market for artificial intelligence. AMD is also <a href="https://www.benzinga.com/news/24/09/40776199/amd-vs-nvidia-amds-surprising-strategy-shift-in-gaming-gpu-battle">shifting its focus to the gaming GPU market</a>, aiming to capture 40%-50% of the total addressable market by focusing on mainstream and mid-range GPUs. Based on AMD&#8217;s closing price of $150.77 on the same day, the value of the trade is approximately $6.9 million.
The HOOD Trade: Ark Invest&#8217;s Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund sold 19,518 shares of Robinhood worth $422,369. This comes after Robinhood agreed to a <a href="https://www.benzinga.com/news/24/09/40798894/robinhood-reaches-3-9m-settlement-with-california-over-blocking-cryptocurrency-withdrawals">$3.9 million settlement</a> with California's Department of Justice over its past ban on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) cryptocurrency withdrawals. Despite the settlement, Robinhood has been transitioning from a meme stock trading platform to a more mature and competitive player against traditional brokerages. Based on HOOD&#8217;s closing price of $21.64 on the same day, the value of the trade is approximately $422,000.
The PLTR Trade: Ark Invest&#8217;s ARKK fund sold 4,861 shares of <a href="https://www.benzinga.com/markets/equities/24/09/40825098/cathie-woods-ark-invest-continues-to-sell-palantir-offloads-6-4m-worth-of-shares-loads-up-on-coi">Palantir</a>. The transaction was made through ARKK. This move is part of Ark&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40825098/cathie-woods-ark-invest-continues-to-sell-palantir-offloads-6-4m-worth-of-shares-loads-up-on-coi">recent trend</a> of selling Palantir shares. Based on PLTR&#8217;s closing price of $34.91 on the same day, the value of the trade is approximately $170,000.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40811837/how-to-earn-500-a-month-from-nvidia-stock?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Nvidia Stock</a> 
Other Key Trades:
<ul>
<li>Ark Invest&#8217;s ARKG fund bought shares of Personalis. Ark Invest&#8217;s ARKG fund bought shares of Guardant Health Inc.</li>
<li>Ark Invest&#8217;s ARKK fund bought shares of Draftkings Inc. Ark Invest&#8217;s ARKW fund bought shares of Rubrik Inc (RBRK).</li>
<li>Ark Invest&#8217;s ARKX fund bought shares of Blade Air Mobility Inc (BLDE).</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/government/24/09/40808813/after-kamala-harris-said-us-steel-should-remain-american-owned-nippon-steels-takahiro-mori-reportedl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Kamala Harris Said US Steel Should Remain &#8216;American-Owned,&#8217; Nippon Steel&#8217;s Takahiro Mori Reportedly Flies To US For Final Attempt At Saving $15B Deal</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Ark Invest Buys $6.9M Worth Of Shares Of Nvidia Rival AMD, Sells Palantir And Robinhood Stock

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading mostly flat as the company prepares to host its fifth <a href="https://www.benzinga.com/pressreleases/24/09/b40821594/palantir-reveals-new-wave-of-customers-in-action-at-aipcon">AIPCon on Thursday</a>. 
The Details:
Palantir describes its AIPCon events as conferences where customers participating in Palantir AIP Bootcamps showcase their work in Palantir's Artificial Intelligence Platform (AIP). The company said more than 100 organizations will be at the latest AIPCon, including The National Geospatial-Intelligence Agency, Aramark, Bp, Associated Materials and more. AIPCon will be available via <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.youtube.com%2Flive%2Fn0fHTATIjSc&amp;esheet=54120847&amp;newsitemid=20240911139840&amp;lan=en-US&amp;anchor=live+stream&amp;index=2&amp;md5=d6b2307e857d9c982759e0ee91b790ef">live stream</a> on Thursday, beginning at 12:40 p.m. ET. 
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">Nvidia CEO Jensen Huang Admits &#8216;It&#8217;s Tense&#8217; As Surging Demand For Blackwell Chips Sparks Customer Frustration</a>
Palantir shares <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">have climbed</a> more than 15% this week after it was announced last Friday that the company will be included in the S&amp;P 500 index beginning on Sept. 23.&nbsp;
B of A Securities analyst Mariana Perez maintained a Buy rating on the stock Buy and raised the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40797506/palantirs-s-p-500-inclusion-a-watershed-moment-says-bank-of-america-anticipates-mor">price target</a> from $30 to $50 on Tuesday.
"We think that becoming a member of the S&amp;P 500 could be highly beneficial to PLTR's stock volatility. We think that the inclusion would attract more institutional investors, both passive and active," wrote Perez.&nbsp;
<h3 class="wp-block-heading">PLTR Stock Prediction 2024:</h3>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Palantir Technologies, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Palantir Technologies, the 200-day moving average sits at $23.38, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $34.94. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
PLTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Palantir Technologies shares are up 0.24% at $34.92 at the time of publication Thursday.
Read Also:
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<li><a href="https://www.benzinga.com/news/24/09/40818948/whats-going-on-with-first-solar-stock">What&#8217;s Going On With First Solar Stock?</a></li>
</ul>
Image: Shutterstock

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