Mind you, this isn’t to say that AI and Palantir won’t be wildly successful over the long run. Rather, it’s to denote that investors consistently overestimate the early adoption and utility of potentially game-changing technologies. Since Saudi Aramco is largely dependent on oil prices, it can go through significant ups and downs.
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Coinbase also said trading volume nearly tripled year over year to $439 billion, thanks to a 224% increase in consumer trading volume to $94 billion and a 176% surge in institutional trading volume to $345 billion. Hong Kong saw a pickup in listing activities in 2024 after three consecutive years of declines in terms of deal values, according to data from Dealogic. The city’s bourse raised $10.65 billion across 63 deals last year, a jump of more than 80% from the $5.89 billion raised in 2023. Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.
- A return to the WrestleMania main event is unlikely for Seth Rollins, as is a championship match.
- Market cap changes everyday due to the fact that it is based on a company’s stock price.
- Tech giant Apple is proof of how far high-quality products and strong brand loyalty can go.
- Buffett has acted as chairman and CEO since then and converted Berkshire to a holding company in 1970.
- There are other worries, too, which extend beyond historic precedent.
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Its latest major development is Apple Intelligence, its artificial intelligence (AI) technology. It has also branched out into services, including its Apple TV+ streaming service. Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Coinbase stock is tumbling Friday as investors take profits following the crypto platform’s impressive fourth-quarter results.
- A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks.
- Heading into Friday’s session, Coinbase Global shares had doubled on a year-over-year basis, so the post-earnings pullback could be a result of investors taking some profits.
- Follow the most active stocks today, including share price changes, trading volume, and more.
- It’s also planning to invest $80 billion in AI-enabled data centers during the 2025 fiscal year, and it’s partnered with OpenAI, the developer of ChatGPT.
- It has been the world’s largest company several times, including last month.
- While other businesses might offer bits and pieces of the software-as-a-service (SaaS) solutions Palantir can provide, no other company comes close to providing these services at scale.
Department of Defense included CATL and Tencent on its list of “Chinese Military Companies,” which would prevent the department from procuring goods and services from those companies starting June 2026. However, the profit impact of the move is “negligible” because the companies do not derive significant revenues from the DoD, Macquarie’s analysts said in January note. The other history-based concern for Palantir Technologies is the company’s valuation, specifically pertaining to its price-to-sales (P/S) ratio. As of this writing in the late-evening hours of Feb. 3, shares of Palantir were trading hands at $102.79, which places its market cap in the neighborhood of $237 billion. Last year, I intimated on more than one occasion that semiconductor colossus Nvidia (NVDA 2.63%) might represent the biggest bubble stock on Wall Street. Shares of Nvidia recently retraced by more than 20% from its all-time high as concerns about DeepSeek have called into question the level of hardware needed to optimize the training of large language models.
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“The timing is ideal as global investors are starting to find China’s markets trading at attractive valuations,” Ma told CNBC. For more than a decade, Gotham has been doing the heavy lifting for Palantir. The company is typically securing contracts that span four or five years and generate predictable cash flow from a government entity (i.e., there’s no concern about not being paid).
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There are other worries, too, which extend beyond historic precedent. For example, a whopping 40% ($196.8 million) of Palantir’s pre-tax income in 2024 derived from interest income on its growing cash pile. To be clear, I’m not faulting or penalizing Palantir for generating interest income on its cash with short-term Treasury yields above historic norms. Rather, I’m pointing to the company’s valuation premium making even less sense when a substantial portion of its pre-tax profits are originating from an unsustainable and non-innovative source. While catalysts have been aplenty, nothing has provided more of fxcm review a lift to the stock market than the artificial intelligence (AI) revolution. Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.
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However, news of Chinese AI company DeepSeek caused its value to drop by $589 billion https://www.forex-reviews.org/ in a single day, the largest one-day loss in Wall Street history. Based on Palantir’s TTM sales of $2.866 billion and its market cap in after-hour trading on Feb. 3, it’s commanding an almost unheard-of P/S ratio of 83! In my more than 26 years of investing, I can’t recall a higher P/S ratio from a market-leading business being sustained. The first headwind Palantir is to encounter, per history, is a potential bubble-bursting event for AI stocks, as a whole. Every next-big-thing innovation and technology since (and including) the advent of the internet in the mid-1990s has navigated its way through a bubble-bursting event.
If anything, we are witnessing a change in character that has resulted in The Visionary becoming one of the most interesting characters in WWE today. A return to the WrestleMania main event is unlikely for Seth Rollins, as is a championship match. The fact that new reports suggest a planned program with Drew McIntyre heading into The Showcase of the Immortals may be off the table only adds to the lack of optimism surrounding Priest’s stock on the road to WrestleMania 41. As WWE embarks on its annual road to WrestleMania, the stock of several of the company’s top stars are of great importance.
Shares outstanding refers to the total number of stock shares held by a company’s shareholders. Saudi Arabian Oil, also known as Saudi Aramco, is an energy and chemicals company. Owned by the Saudi Arabian government, it has the largest daily oil production and the second-largest proven crude oil reserves of all oil companies. In the decade since she debuted, she has left, returned, immediately won and then sat on the throne as champion. The Queen character has remained mostly unchanged, and her on-screen persona has yet to evolve in any measurable way. Wall Street was anticipating revenue of $1.9 billion and earnings of $1.81 per share, according to CNBC.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. Eleven of the largest companies have a market cap of at least $1 trillion. While tech companies dominate the top of the stock market, there are other sectors represented, including oil, insurance, medical companies, and financial services. Read on to see the 20 most valuable companies and where they stand as of February 2025.
This irreplaceability is what ensures Palantir’s rock-solid operating cash flow and has earned the company quite the valuation premium. While Nvidia stock is still pricey in many respects, it may have ceded the title of “Wall Street’s biggest bubble stock” to AI-driven data-mining specialist Palantir Technologies (PLTR 1.06%), based on what history tells us. Nvidia’s nearly $600 billion market cap loss Monday is larger than the individual market values Biotech stock index of all but 13 American companies, more than the market cap of titans like health insurer UnitedHealth, oil giant Exxon Mobil and retailer Costco.
Battery giant CATL files for Hong Kong listing in what could be city’s largest IPO since 2021
If an AI bubble does form and bursts, companies with premium valuations that are on the cutting-edge of a next-big-thing trend tend to be hit the hardest. In Palantir’s defense, the multiyear contracts it receives provide exceptional cash-flow transparency that may be able to buoy its shares better than direct AI players like Nvidia. Nevertheless, the early boom-bust cycle for next-big-thing innovations would be expected to weigh on Palantir’s stock. While other businesses might offer bits and pieces of the software-as-a-service (SaaS) solutions Palantir can provide, no other company comes close to providing these services at scale.