Palantir Technologies (PLTR) has a reputation for assisting governments, military contractors, and big businesses in deciphering complex data. It now aims to assist businesses in selecting which ads you see. Marketing company Stagwell (STGW) expanded its partnership with Palantir on Oct. 22, putting Palantir’s artificial intelligence technology inside products used to build audiences, analyze consumer
Elon Musk has spent years selling investors on rockets, satellites and electric cars. His newest pitch is about something far less flashy: warehouses full of servers that other companies are lining up to rent. That shift is now showing up in the numbers, and SpaceX earns more from artificial intelligence than from anything else it
Jim Cramer has never been shy about taxes, and he proved it again on the Oct. 21 episode of Mad Money. Asked whether to take a profit now or wait for long-term capital gains treatment, he answered: “Never fear the tax man, fear the losses.” It is a punchy line, and it lands in the
Anyone checking their 401(k) this fall could be forgiven for thinking Wall Street has shaken off its worries. The S&P 500 ended October 22 at 7,623.68, up 11.4% for the year and just 2.5% below its October 6 record. More recently, however, the rally has lost some steam. After three years of AI-fueled gains, the
Cathie Wood, chief of Ark Investment Management, often buys her favorite tech stocks when their prices fall. That’s what she’s doing with Meta Platforms (META), adding shares after the Facebook parent’s stock tumbled following its earnings report. Last year, the flagship Ark Innovation ETF gained 35.49%, far outpacing the S&P 500’s return of 17.88% in
Mark Zuckerberg had one message he wanted investors to hear on Oct. 21. “Our investments are paying off, the core business is strong, and we’re seeing velocity across the board,” the Meta chief said in the company’s earnings release. Wall Street mostly bought it. At least 13 analysts raised their price targets after the report,
Comcast (CMCSA) is in the midst of remaking the structure of its business, spinning off the entertainment division it acquired from General Electric when it completed its 2013 purchase of NBCUniversal into a separate company. While the wheels on these spin-offs have been turning for a while, the company announced its spin-off plans over the
Around 2020, a friend told me to start selling digital products on Etsy Inc. (ETSY). The pitch was simple: It was the trending thing, and I could make money designing cards. I never opened a shop. Plenty of people did. Etsy’s active sellers jumped about 62% to 4.4 million in 2020, according to the company’s
The two biggest AI bets on Wall Street are not making the same one. One company is writing checks that would strain most national budgets. The other is letting partners do the heavy lifting while it sells the hardware everyone else needs. Retirement savers feel that split most. A portfolio that is meant to last
Most contractors stop work when a customer’s funding runs dry. Lockheed Martin Corp. (LMT) has kept building the F-35 anyway, and it said so in its third-quarter report on Oct. 22. Lockheed’s costs on Lot 20, the next batch of F-35 jets, outran the government’s authorized funding during the quarter, according to its earnings release.