Palantir (PLTR) Just Exploded Higher
Live Blog Update #3 Published
Shares of PLTR are up more than $3 a share.
Not only did it just break above its 50-day moving average to the upside, but it’s also still running on a Truist upgrade to a buy rating.
The firm notes that “GenAI adoption could ‘compress the market impact’ of the last four decades of enterprise technology into just the next five to ten years,” says Tip Ranks. With that, the firm believes Palantir holds a “unique market position,” one that is “ideally positioned for increased AI adoption by both governments & enterprises.”
Contact [email protected] for any questions or corrections.
All Updates from Live Coverage
Live
Shares of Nvidia are up another $3.40 a share this morning.
For one, as we note below, CEO Jensen Huang said there’s “very high” demand for its H200 AI chips. He also said any H200 sales would be on top of the company’s $500 billion two-year forecast that it shared last year. Two, NVDA just announced the launch of its next-generation Vera Rubin superchip at CES 2026.
Analysts at Citi reiterated a buy rating on the stock with a $270 price target following NVDA’s CES presentation. As noted by Investing.com, the meetings at CES surprised the firm positively.
Live
Over the last few days, shares of Micron (NASDAQ: MU) raced about $43 higher.
Yesterday alone, MU was up $31.28 a share, or 10%. Now, analysts at UBS say the tech giant could test new highs thanks to strong demand for memory in AI.
The firm reiterated its buy rating on MU with a price target of $400.
“We still believe investors are underappreciating the degree to which AI has fundamentally made memory ([dynamic random-access memory] in particular) a more strategic asset,” they said, as quoted by CNBC. “Severe supply shortages supportive of an ‘extended and durable’ memory upcycle.”
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
Top Gaining Stocks
Top Losing Stocks