A $10,000 stake held three years in the data-platform market is now $120,007 in Palantir and $22,366 in…
As seen on the 24/7 Wall St. homepage on September 3, 2026.
As seen on the 24/7 Wall St. homepage on September 3, 2026.
Travel took the worst of Wednesday's close, with Expedia down 7.72% and Airbnb close behind at 7.56%. Software ran the other way: Palo Alto Networks led all gainers at 4.87%, with Palantir back near $192.
Cramer is reaffirming a $250 target on Palantir, a call that only works if government and commercial AI bookings keep compounding at their current pace.
@Palantir , i am sticking by my $250 target, @Alex Karp https://t.co/NMubEtLqsP
Huang is putting a price tag on the buildout: $50 billion to $60 billion per gigawatt, with thousands of companies building. It answers the slow-down-AI camp on a day stocks sold off on surging oil and bond yields.
Nvidia is running the Palantir-Nemotron stack on its own supply chain first, the one coordinating 1.3 million parts in every Vera Rubin rack, which turns the deployment into a live reference sale for every manufacturer, government and pharma buyer that follows. The stack ships as a sovereign reference architecture on Dell and Cisco hardware or Rackspace and Nebius cloud, widening the surface for enterprise AI spend.
Five stocks cleared 52-week highs this week: Dell topped its prior peak by 6% at $524.14, with Snowflake close behind at 5.7%. Box, Pfizer and Chevron rounded out the list with narrower breakouts.
Snowflake closed 17.43% higher, the biggest single-day move in a 111-stock priority universe. Only three other names in that group gained more than 9%.
The 4% selloff into this report just got answered: management raised full-year product revenue guidance to $6.07 billion from $5.84 billion, with AI consumption driving a third straight quarter of accelerating growth. Non-GAAP operating margin widened to 15.3% from 11% a year ago.
Down 4% to $306.98 hours before Snowflake reports earnings, so sellers are clearing out ahead of the numbers rather than after them. The reaction gap tonight starts from a lower base.
Snowflake reports at 4:05 PM ET, and product revenue growth plus the updated guidance are the cleanest read yet on whether enterprises are still writing bigger checks for AI data workloads. A $110.8 billion valuation leaves little room for a soft outlook.
Fourteen names set fresh 52-week highs this week, and Airbnb cleared its old peak by 21% at $184.06. Cloudflare, Palo Alto Networks and Snowflake all broke out too, with Dell and Arista rounding out a leaderboard tilted toward enterprise tech.
Snowflake just set a fresh 52-week high at $334.70, roughly 2.5 times its April low near $135. At a $116 billion market cap, there is no cheap entry left.