When Palantir (PLTR) posted strong quarterly results and issued a strong revenue forecast, shares popped by 23.99% to close at $103.83.
The company benefited from government revenue growing by 45% Y/Y. CEO Alex Karp said that this demonstrates strong adoption across sectors. He also said that Palantir is uniquely positioned in the AI revolution. This view suggests that the company has a growing addressable market. This would support its 31% revenue growth projection for 2025.
Super Micro Computer (SMCI) remains highly speculative as short-sellers hold a 13.17% short interest. This did not stop SMCI stock from adding 8.6% to close at $29.16. SMCI has the easy task of filing its financial statements to regain compliance with the stock exchange.
Failing to do so would result in a de-listing. If the stock trades on the pink sheets, selling pressure will mount. This hurts its shareholders.
PDD (PDD), which owns Temu, is a hot stock again. The stock may re-test the $120 resistance level before falling. Despite the U.S. closing off a loophole that helped Temu and Shein's customers save money, PDD stock rallied. Previously, the firms could ship low-value packages duty-free from China. Both apps plan to hike prices to offset the latest 10% tariff that the U.S. implemented on goods from China.
