argenx is down 10.91% at the open, more than double any other decliner in a 382-stock universe. Palantir leads the gainers at 4.17%, with Big Oil names filling out the rest.
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Mad Money w/ Jim Cramer 10/1/26
- Cramer still buys Palantir at $190 after the stock gained 60% in Q3 and stalled short of his $250 target
- Salesforce, up 46.5%, called the better SaaS-apocalypse rebound than Veeva at 30 times earnings
- Caterpillar's 24% Q3 profit taking framed as a buying chance on data center engine demand
- IBM, down 22% on its miss, gets the wait-a-quarter rule; Home Depot stays hostage to rates
Cramer wants to add software as the bounce-back trade and the beaten-down industrial names tied to data center power. He also warns that rising rates are the real threat heading into earnings season in a couple of weeks.
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
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NVIDIA and Palantir Bring Sovereign Intelligence to Critical Supply Chains
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.
A $10,000 stake held three years in the data-platform market is now $120,007 in Palantir and $22,366 in Snowflake. Owning the wrong one of the pair cost roughly $98,000.
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%.
PLTR Coverage
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