Dernières nouvelles pour Palantir Technologies (NYSE:PLTR) Stock

Palantir Technologies

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.

Palantir Technologies Inc. Class A Common Stock

Palantir Technologies Inc

This past week was a whirlwind of news, with artificial intelligence (AI) taking the spotlight. From election interference to superchip factories, AI was at the heart of many stories. Let&#8217;s dive into the top five stories that made headlines.
OpenAI Uncovers Election Interference Misuse
Ahead of the Trump vs. Harris faceoff, OpenAI, a subsidiary of Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), revealed that its platform is being exploited by malicious entities to disrupt democratic elections worldwide. The company&#8217;s 54-page report disclosed that it had prevented over 20 global operations and deceptive networks that sought to misuse its models. The threats varied from AI-generated website articles to social media posts by fake accounts.
<a href="https://www.benzinga.com/news/24/10/41267154/ahead-of-trump-vs-harris-faceoff-chatgpt-parent-openai-uncovers-election-interference-misuse-but-see">Read the full article here.</a>
Foxconn to Build World&#8217;s Largest Nvidia Superchip Factory
Taiwanese contract manufacturer Hon Hai Precision (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>), also known as Foxconn, announced plans to construct the largest manufacturing facility for Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) GB200 chip. This move is intended to meet the substantial demand for Nvidia's Blackwell platform, according to a senior executive. Foxconn, known for assembling products for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), is also venturing into server production. <a href="https://www.benzinga.com/markets/equities/24/10/41221276/apple-supplier-foxconn-to-build-worlds-largest-nvidia-superchip-factory-amid-soaring-ai-demand">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257775/uber-well-positioned-despite-tesla-robotaxi-threat-analyst-says?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Uber &#8216;Well Positioned&#8217; Despite Tesla Robotaxi Threat, Analyst Says</a>
AMD&#8217;s MI350 Chip to Challenge Nvidia&#8217;s Blackwell
Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) revealed plans for its next-gen MI350 chip, set to compete with Nvidia's upcoming Blackwell system. The chip is expected to ship in the second half of 2025 and offer up to 35 times better inference performance compared to their CDNA 3-based predecessors.
<a href="https://www.benzinga.com/news/24/10/41284533/nvidias-blackwell-chip-faces-amds-mi350-challenge-in-2025-ceo-lisa-su-says-beginning-not-the-end-of">Read the full article here.</a>
Cathie Wood Foresees Trillion-Dollar Opportunity for Tesla
ARK Invest CEO Cathie Wood predicted a &#8220;trillion-dollar-plus revenue opportunity for Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the next five years&#8221; in the autonomous vehicle market. Wood sees a "winner-takes-most" scenario unfolding in the autonomous driving space, emphasizing the high stakes in the race for autonomous technology supremacy.
<a href="https://www.benzinga.com/markets/equities/24/10/41200165/cathie-wood-predicts-trillion-dollar-revenue-opportunity-for-tesla-in-autonomous-vehicles-winner">Read the full article here.</a>
Palantir&#8217;s Shyam Sankar on AI Deployment
Shyam Sankar, CTO of Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), stated that the company is experiencing a surge in demand. Sankar emphasized the value of enterprise automation and the increasing rate of AI adoption. He also highlighted the foundational investments Palantir made in an ontology as prerequisites for quickly putting workflows into production.
<a href="https://www.benzinga.com/markets/equities/24/10/41244462/palantirs-shyam-sankar-says-ai-is-experiential-and-if-you-pay-consultants-to-help-you-think-abou">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41292954/nvidia-stock-surges-as-ai-dominance-fuels-long-term-bull-run-gene-munster-waves-green-fl">Nvidia Stock Surges As AI Dominance Fuels Long-Term Bull Run: Gene Munster Waves Green Flag</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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Election Interference, Superchip Factories, And Trillion-Dollar Opportunities: AI Takes Center Stage

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The S&amp;P 500 and Dow Jones Industrial Average reached new <a href="https://www.benzinga.com/news/earnings/24/10/41298806/wall-street-marks-new-record-highs-on-strong-start-to-earnings-season-investors-downplay-inflation-">record highs this week</a>, boosted by a robust start to the third-quarter earnings season. The S&amp;P 500 and Nasdaq each gained 1.1%, while the Dow rose by 1.2%, marking the fifth consecutive week of gains for these major indexes. 
Despite a higher-than-expected inflation report for both consumers and producers in September, interest rate expectations largely stayed unchanged, with traders still anticipating a rate cut in November. 
Meanwhile, Chinese stocks posted their worst weekly performance of the year, as investor sentiment was dampened by the lack of expected stimulus measures, despite a strong rally in previous weeks.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
<a href="https://www.benzinga.com/markets/equities/24/10/41244462/palantirs-shyam-sankar-says-ai-is-experiential-and-if-you-pay-consultants-to-help-you-think-abou">&#8220;Palantir&#8217;s Shyam Sankar Says AI Is &#8216;Experiential,&#8217; And If You Pay Consultants To Help You Think About How To Deploy It, You&#8217;re Just Lighting Money On Fire,&#8221;</a> by <a href="https://www.benzinga.com/author/shanthi-rexaline">Shanthi Rexaline</a>, details how Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CTO Shyam Sankar believes that companies must embrace hands-on AI implementation instead of relying on consultants, emphasizing the company&#8217;s ability to quickly turn AI prototypes into tangible business value.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41207040/dogecoin-killer-shiba-inu-up-39-over-the-past-30-days-but-that-will-accelerate-says-bullis">&#8220;&#8216;Dogecoin Killer&#8217; Shiba Inu Up 39% Over The Past 30 Days But That &#8216;Will Accelerate,&#8217; Says Bullish Trader&#8221;</a>, by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has surged 39% in the last month amid rising burn rates, with traders predicting further gains driven by bullish chart patterns and increased community activity.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41279473/josh-brown-flags-monster-call-buying-in-nvidia-up-to-190-strike-this-is-not-retail-money">&#8220;Josh Brown Flags &#8216;Monster&#8217; Call Buying In Nvidia Up To $190 Strike: &#8216;This Is Not Retail Money'&#8221;</a> by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that Josh Brown highlighted significant call-buying in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), suggesting institutional investors expect the stock to rise above $190 by March 2025, far above its current trading level around $135.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/markets/equities/24/10/41265296/teslas-future-valuation-analyst-pierre-ferragu-unveils-scenarios-ranging-from-1-4-to-4-7-trillio">Tesla&#8217;s Future Valuation: Analyst Pierre Ferragu Unveils Scenarios Ranging From $1.4 To $4.7 Trillion Based On FSD, Robotaxi Success</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41214754/microstrategy-analyst-projects-64-upside-to-stock-based-on-bitcoin-acquisition-stra">MicroStrategy Analyst Projects 64% Upside To Stock Based On Bitcoin Acquisition Strategy</a>
<a href="https://www.benzinga.com/markets/cannabis/24/10/41233018/exclusive-ross-gerber-sees-tsunami-of-money-pouring-into-cannabis-companies-upon-federal-legaliz">EXCLUSIVE: Ross Gerber Sees &#8216;Tsunami Of Money&#8217; Pouring Into Cannabis Companies Upon Federal Legalization, Says Cannabis Is One Of &#8216;Biggest&#8217; Opportunities Beyond AI</a>
The Bears
<a href="https://www.benzinga.com/markets/equities/24/10/41244481/google-cries-foul-as-doj-moves-to-break-up-search-giant-calls-recommendations-radical-as-antitru">&#8220;Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations &#8216;Radical&#8217; As Antitrust Battle Intensifies,&#8221;</a> by <a href="https://www.benzinga.com/author/kaustubh-bagalkote">Kaustubh Bagalkote</a>, reports that Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) faces a potential breakup as the DOJ considers measures to curb its search dominance, which Google criticizes as extreme and potentially harmful to market competition.
<a href="https://www.benzinga.com/news/24/10/41223011/rivians-production-guidance-cut-spurred-by-miscommunication-with-atlanta-based-supplier-resulting-in">&#8220;Rivian&#8217;s Production Guidance Cut Spurred By Miscommunication With Atlanta-Based Supplier, Resulting In Shortage Of Critical Copper Windings For Its Motor: Report&#8221;</a>, by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, reveals that Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) lowered its annual production forecast by up to 18% after a miscommunication with Essex Furukawa led to a shortage of essential copper windings, impacting its EV output.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">&#8220;Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008&#8221;</a>, by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports that Chinese stocks, including Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), tumbled as investors reacted to the lack of aggressive fiscal stimulus, causing the Hang Seng Index to experience its steepest single-day drop since 2008.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41234873/amazon-stock-downgrade-by-wells-fargo-a-bearish-signal-on-growth-concerns">Amazon Stock Downgrade By Wells Fargo: A Bearish Signal On Growth Concerns</a>
<a href="https://www.benzinga.com/general/entertainment/24/10/41229099/disney-faces-150m-200m-blow-from-hurricane-milton-attendance-set-to-drop-6-says-goldman-sac">Disney Faces $150M-$200M Blow From Hurricane Milton, Attendance Set To Drop 6%, Says Goldman Sachs</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41278873/gary-gensler-doubts-cryptocurrency-future-says-leading-figures-are-either-in-jail-or-await">Gary Gensler Doubts Cryptocurrency Future, Says Leading Figures Are Either In Jail Or Awaiting Extradition</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Nvidia, Rivian, Alphabet, Palantir — And Crypto Trader Says Shiba Inu 'Will Accelerate'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$130.00</td>
<td>$87.8K</td>
<td>51.6K</td>
<td>19.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$220.00</td>
<td>$39.0K</td>
<td>4.1K</td>
<td>10.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$167.50</td>
<td>$42.2K</td>
<td>5.8K</td>
<td>10.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$43.00</td>
<td>$28.8K</td>
<td>7.2K</td>
<td>5.4K</td>
</tr>
<tr>
<td>FROG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$30.00</td>
<td>$99.9K</td>
<td>5.1K</td>
<td>4.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/11/24</td>
<td>$190.00</td>
<td>$29.8K</td>
<td>4.0K</td>
<td>4.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$50.00</td>
<td>$39.7K</td>
<td>16.9K</td>
<td>2.5K</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$100.00</td>
<td>$27.9K</td>
<td>4.0K</td>
<td>2.3K</td>
</tr>
<tr>
<td>GLW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$47.00</td>
<td>$123.8K</td>
<td>311</td>
<td>2.1K</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.00</td>
<td>$29.8K</td>
<td>729</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, is expiring today. Parties traded 180 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $87.8K, with a price of $488.0 per contract. There were 51674 open contracts at this strike prior to today, and today 19653 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 50 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $780.0 per contract. There were 4140 open contracts at this strike prior to today, and today 10863 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on October 18, 2024. This event was a transfer of 109 contract(s) at a $167.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $388.0 per contract. There were 5813 open contracts at this strike prior to today, and today 10145 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 300 contract(s) at a $43.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $96.0 per contract. There were 7292 open contracts at this strike prior to today, and today 5415 contract(s) were bought and sold. 
• Regarding FROG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 700 contract(s) at a $30.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $99.9K, with a price of $142.0 per contract. There were 5121 open contracts at this strike prior to today, and today 4805 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be neutral, is expiring today. Parties traded 20 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $29.8K, with a price of $1494.0 per contract. There were 4068 open contracts at this strike prior to today, and today 4702 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 35 day(s) on November 15, 2024. Parties traded 100 contract(s) at a $50.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $393.0 per contract. There were 16995 open contracts at this strike prior to today, and today 2597 contract(s) were bought and sold. 
• Regarding ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on October 18, 2024. Parties traded 130 contract(s) at a $100.00 strike. This particular put needed to be split into 40 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $215.0 per contract. There were 4025 open contracts at this strike prior to today, and today 2391 contract(s) were bought and sold. 
• For GLW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>), we notice a call option sweep that happens to be bearish, expiring in 217 day(s) on May 16, 2025. This event was a transfer of 280 contract(s) at a $47.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $123.8K, with a price of $440.0 per contract. There were 311 open contracts at this strike prior to today, and today 2134 contract(s) were bought and sold. 
• For RCAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on November 15, 2024. This event was a transfer of 745 contract(s) at a $5.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $40.0 per contract. There were 729 open contracts at this strike prior to today, and today 1830 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ENPH

FROG

MSTR

RCAT

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$135.00</td>
<td>$39.7K</td>
<td>78.6K</td>
<td>215.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$29.2K</td>
<td>6.5K</td>
<td>21.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$45.00</td>
<td>$37.2K</td>
<td>19.2K</td>
<td>17.4K</td>
</tr>
<tr>
<td>ZM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$74.00</td>
<td>$39.7K</td>
<td>83</td>
<td>13.8K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$106.00</td>
<td>$25.6K</td>
<td>3.8K</td>
<td>8.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$65.00</td>
<td>$34.4K</td>
<td>2.2K</td>
<td>3.1K</td>
</tr>
<tr>
<td>FIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$49.1K</td>
<td>84</td>
<td>2.5K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$26.1K</td>
<td>3.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$23.50</td>
<td>$46.0K</td>
<td>4.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$415.00</td>
<td>$59.2K</td>
<td>3.7K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on October 11, 2024. Parties traded 284 contract(s) at a $135.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $140.0 per contract. There were 78645 open contracts at this strike prior to today, and today 215392 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on October 11, 2024. Parties traded 117 contract(s) at a $165.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $250.0 per contract. There were 6528 open contracts at this strike prior to today, and today 21490 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 633 contract(s) at a $45.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $37.2K, with a price of $59.0 per contract. There were 19253 open contracts at this strike prior to today, and today 17445 contract(s) were bought and sold. 
• For ZM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on October 18, 2024. This event was a transfer of 984 contract(s) at a $74.00 strike. This particular call needed to be split into 66 different trades to become filled. The total cost received by the writing party (or parties) was $39.7K, with a price of $40.0 per contract. There were 83 open contracts at this strike prior to today, and today 13824 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on October 11, 2024. This event was a transfer of 200 contract(s) at a $106.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $128.0 per contract. There were 3806 open contracts at this strike prior to today, and today 8992 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bearish sentiment. It expires in 22 day(s) on November 1, 2024. Parties traded 983 contract(s) at a $65.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $35.0 per contract. There were 2264 open contracts at this strike prior to today, and today 3102 contract(s) were bought and sold. 
• Regarding FIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), we observe a call option trade with neutral sentiment. It expires in 71 day(s) on December 20, 2024. Parties traded 546 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $49.1K, with a price of $90.0 per contract. There were 84 open contracts at this strike prior to today, and today 2513 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on November 15, 2024. Parties traded 55 contract(s) at a $130.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $475.0 per contract. There were 3848 open contracts at this strike prior to today, and today 2023 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 590 contract(s) at a $23.50 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $46.0K, with a price of $78.0 per contract. There were 4807 open contracts at this strike prior to today, and today 1812 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on October 18, 2024. Parties traded 100 contract(s) at a $415.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $59.2K, with a price of $596.0 per contract. There were 3716 open contracts at this strike prior to today, and today 1551 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FIVN

INTC

SNOW

<ul>
<li>TSLA</li>
<li>NVDA</li>
<li>WAY</li>
<li>LOT</li>
<li>MADE</li>
<li>PLTR</li>
<li>YINN</li>
<li>AI</li>
<li>QQQ</li>
<li>BABA</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

MADE

YINN

Top 10 Trending Stocks On WallStreetBets As Of October 10, 2024 (Via Swaggy Stocks)

Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) now has an 8.7% stake in California-based EV maker Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>), according to a filing made by the data analytics company with the U.S. Securities and Exchange Commission (SEC) on Tuesday.
What Happened: According to the filing, Palantir received 827,526 shares of Faraday Future on Oct. 2 &#8220;as payment for certain outstanding receivables,&#8221; taking its total number of the EV maker&#8217;s shares to 1,080,294. The filing does not provide details on the payment including the amount or the service it was made for. 
Faraday Future shares closed up 5.2% at $2.45 on Wednesday, meaning that Palantir&#8217;s stake in the EV maker is currently valued at over $2.6 million. However, the stock is down by nearly 90% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Neither Faraday Future nor Palantir immediately responded to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: Faraday Futures is struggling. For the three months through the end of June, the company reported revenue of just $293,000 and a net loss of $108.7 million. 
The company has also managed to deliver only a few number of its electric vehicles to date. 
Faraday got listed in 2021 by merging with a special purpose acquisition company (SPAC) like several other EV makers then. EV maker Lordstown Motors, which went public in 2020 via a merger with a SPAC, filed for bankruptcy in 2023 and <a href="https://www.benzinga.com/news/23/06/33073049/lordstown-motors-receives-nasdaq-delisting-notice-after-filing-for-bankruptcy">was subsequently delisted</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41264769/teslas-latest-fsd-update-smooths-out-jittery-car-visualizations-fixing-4-year-bug" target="_blank" rel="noreferrer noopener">Tesla's Latest FSD Update Smooths Out Jittery Car Visualizations, Fixing 4-Year Bug</a></li>
</ul>
Photo courtesy: Faraday Future

FFIE

Palantir's Stake In EV Maker Faraday Future Touch Nearly 9% After Converting Receivables Into Equity

Wall Street witnessed a bullish rally on Wednesday, with the S&amp;P 500 and the Dow Jones indices hitting record highs. This surge in the market was driven by optimism ahead of Thursday's Consumer Price Index inflation report and the start of the third-quarter earnings season.
On the day, the Dow Jones Industrial Average closed nearly 1% higher at 42,512, while the S&amp;P 500 increased by 0.7% to finish at 5,792.04. The Nasdaq also rose, ending the day up 0.6% at 2,200.59.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) closed the day with a gain of 4.05%, ending at $43.13. The stock hit an intraday high of $43.34, surpassing its previous 52-week high. The company&#8217;s shares have seen a <a href="https://www.benzinga.com/news/24/10/41260312/palantir-technologies-soars-to-new-52-week-highs-whats-going-on">significant surge</a>, marking a 133% year-to-date gain in 2024. Palantir&#8217;s Artificial Intelligence Platform, launched in 2023, is making strides across various industries, from defense to healthcare.
Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) shares traded 2.10% higher, closing at $909.10. The company reported net sales of $24.62 billion for September, an 8.9% increase over sales from the same period last year. <a href="https://www.benzinga.com/news/24/10/41261231/costco-reports-september-sales-results-what-to-know">Comparable sales</a>, excluding the impacts from changes in gasoline prices and foreign exchange, were up in the U.S., Canada, and e-commerce.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41245350/nvidia-poised-to-overtake-apple-as-worlds-most-valuable-company-how-much-jensen-huangs-company-n?itm_source=parsely-api">Nvidia Poised To Overtake Apple As World&#8217;s Most Valuable Company: How Much Jensen Huang&#8217;s Company Needs To Gain By Wednesday</a>
Boeing Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares traded lower by 3.41%, closing at $149.37. The company is facing a potential credit downgrade due to strike risks and complicated finances. A protracted strike by the company&#8217;s machinist union has <a href="https://www.benzinga.com/news/24/10/41257179/boeing-shares-are-trading-lower-wednesday-what-you-need-to-know">disrupted production</a> schedules and is anticipated to cost Boeing over $1 billion per month.
Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) shares traded higher by 6.16%, closing at $30.51. The stock has become a favorite among retail investors and chatter on social media revolved around the stock reaching key support levels and <a href="https://www.benzinga.com/news/24/10/41261919/what-happened-with-celsius-holdings-stock-today">bouncing higher</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares traded lower by 1.41%, closing at $241.05. The company&#8217;s upcoming unveiling of its dedicated robotaxi product is the first step towards unlocking a multi-trillion dollar market, according to Ark Invest analyst Tasha Keeney. She expects Tesla's upcoming robotaxi unveil and subsequent launch of its autonomous ride-hailing platform to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41247281/teslas-robotaxi-platform-could-account-for-90-of-ev-giants-enterprise-value-over-th">dominate Tesla's valuation</a>, nearing about 90% of its enterprise value over the next five years.
Photo by Phongphan on Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243108/peter-schiff-encourages-microstrategy-founder-micheal-saylor-to-borrow-another-4-3b-to-buy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To &#8216;Borrow&#8217; Another $4.3B To Buy Bitcoin That US Plans To Sell: &#8216;Once In A While, The Government Does Something Smart&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Markets

CELH

COST

Palantir, Costco, Boeing, Celsius Holdings, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares were volatile Wednesday, hitting new 52-week highs and approaching an all-time peak. Here&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41244462/palantirs-shyam-sankar-says-ai-is-experiential-and-if-you-pay-consultants-to-help-you-think-abou">what you need to know.</a>
What To know: Last week, Palantir shares closed at $40.01, a significant milestone as they neared their previous all-time intraday high of $45 set in January 2021. This recent surge in stock price marks a 133% year-to-date gain in 2024.
Palantir&#8217;s &#8220;Artificial Intelligence Platform&#8221; (AIP), launched in 2023, is making strides across various industries, from defense to healthcare. Its AIPCon events, most recently in September, showcased real-world use cases, including operational efficiency improvements in sectors like healthcare, defense and supply chain management.
With increasing demand for data-driven decision-making tools and AI-enhanced platforms, Palantir is capitalizing on its AI expertise and the foundational investments it has made over the last decade. With its inclusion in the S&amp;P 500 on Sept. 23, the company now also has more institutional and mutual fund investment, <a href="https://www.investors.com/news/technology/pltr-stock-buy-now/">according to Investors.com.</a>
Palantir has also seen strong growth in both government and commercial sectors, with contracts such as the U.S. Army&#8217;s Project Maven extension and a new $178 million contract for Project TITAN, both of which heavily rely on AI-driven battlefield intelligence systems. The Maven contract alone is estimated to bring in $90 million annually. Additionally, Palantir's partnership with the Department of Defense&#8217;s Chief Digital and Artificial Intelligence Office (CDAO) for a $480 million contract further solidifies its leadership in defense-related AI applications.
What Else: The stock boasts a price-to-earnings (P/E) ratio of 243.82 based on trailing 12-month earnings and its forward P/E stands at 99.01.
The company&#8217;s revenue for 2023 reached $2.23 billion, representing a 17% year-over-year increase. However, this growth has decelerated from previous years, with revenue growth rates of 24% in 2022 and 40% in 2021. Despite this slowdown, Palantir&#8217;s gross margin remains strong at 81%.
PLTR Price Action: Palantir shares closed Wednesday up 4.05% at $43.13, according to<a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09161048/PLTR-1-1024x541.png" alt="" class="wp-image-588399" style="width:532px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09161048/PLTR-1-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09161048/PLTR-1-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09161048/PLTR-1-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09161048/PLTR-1.png 1387w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41254794/helen-of-troy-q2-earnings-top-beauty-wellness-sales-decline-yy">Helen of Troy Q2 Earnings Top, Beauty &amp; Wellness Sales Decline Y/Y</a></li>
</ul>
Photo: Shutterstock.

Movers

Palantir Technologies Soars To New 52-Week Highs: What's Going On

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares have been on a tear ever since <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">the company was added to the S&amp;P 500 Index.</a> The stock inflection has followed an inflection in the company&#8217;s fundamentals, and on Tuesday the data analytics company&#8217;s CTO Shyam Sankar acknowledged that the company is facing a surge in demand.
Offering Business Value: &#8220;This is a unique moment for Palantir,&#8221; <a href="https://www.cnbc.com/video/2024/10/08/palantir-cto-on-surging-demand-enterprise-automation-is-where-the-value-is.html??__source&#x7C;twitter&#x7C;main&#x7C;verticalvideo=TW+vert">said</a> Sankar in an interview with CNBC. The commercial business is seeing tailwinds, the rate of the adoption of artificial intelligence is increasing, and enterprise automation is where the value is and the toolchain, he said, adding that &#8220;It&#8217;s a 10-year overnight success.&#8221;
The foundational investments Palantir made in an ontology are the prerequisites for quickly putting these workflows into production, from a &#8220;charismatic prototype to actual business value,&#8221; the executive said.
He cited one of Palantir&#8217;s clients, a very large U.S. insurance company, as a testimony. The Alex Karp-led company automated all of the insurance underwriting, reducing the time required to do the process from two days to three hours. It is not just time saved, which is the first-order benefit, but a customer can reap the second-order benefit of differentiating from competition, he said, adding that this is a fundamental dislocation of the market.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a>
Taking On Biggies: On Palantir&#8217;s advantages over bigger rivals such as Microsoft, IBM and Alphabet all of which offer services to improve the productivity of clients, Sankar said all the value is going to companies that have built a tool chain that allows you to get to production quickly. &#8220;We've spent the better part of a decade building exactly that,&#8221; he said.
&#8220;You want to solve the whole problem; you have to be able to solve the whole problem and provide the regulators the transparency, the assurance&#8230;..they need to say &#8216;yes this model can be in production, this workflow can be AI-enabled,&#8221; he added.
Sankar also weighed in the cultural differences that forced them to take different approaches toward AI. He noted that Europe looks like a &#8220;deer in headlights,&#8221; as they try to think through the problem. &#8220;If there's anything about AI, it is fundamentally experiential; you cannot think your way through it,&#8221; he said.
 &#8220;If you're paying consultants to help you to think about how to deploy it, you're just lighting money on fire. You have got to roll up your sleeves and get busy implementing it and that is a unique strength of the American commercial markets.&#8221;
AI&#8217;s Affordability: When asked whether AI has become more affordable, Sankar said it has become more effective. &#8220;You kind of get what you pay for and certainly people view us as a premium product but when you get results in weeks instead of years it's clearly worth it,&#8221; he said.
He also weighed in on the opportunity offered by the worsening geopolitical tensions around the world. &#8220;We are as America in an undeclared state of emergency,&#8221; he said pointing to the massacre in Israel a year back, the <a href="https://www.benzinga.com/topic/russia-ukraine-war">Ukraine war, </a>Iran&#8217;s attack on the U.S. bases, and the Chinese Communist Party&#8217;s operations in the South China Sea.
&#8220;These are not disconnected events; there is an axis of authoritarians who have lined up to counter Western and American interests here and we have to rise to that occasion,&#8221; the Palantir CTO said. &#8220;A big part of that is not just the work we do with the military, AI-enabling to kill change, drive deterrence to scare the bejesus out of our enemies but also to reindustrialize America,&#8221; he added.
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Photo: Cory Doctorow Via Flickr.

Media

Palantir's Shyam Sankar Says AI Is Experiential And If You Pay Consultants To Help You Think About Deployment 'You're Just Lighting Money On Fire'

U.S. markets closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.3% to 42,090.37 and the S&amp;P 500 gaining nearly 1%, finishing at 5,751.13. The Nasdaq surged 1.45%, closing at 18,182.92.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s stock soared by 6.58%, closing at $41.45 after hitting an intraday high of $41.49. The stock&#8217;s 52-week high and low stand at $41.49 and $14.48 respectively. Palantir Technologies shares surged on Tuesday after Ark Invest highlighted software firms like Palantir as having more potential to gain from the AI boom and take market share from tech giants.
Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)
Roblox&#8217;s shares dipped by 2.13%, closing at $40.51, with an intraday low of $37.5. The stock&#8217;s 52-week range is $48.43 to $29.55. The decline was triggered by a <a href="https://www.benzinga.com/news/24/10/41230411/short-seller-hindenburg-issues-report-on-roblox-accuses-company-of-misleading-metrics">short report from Hindenburg Research</a>, accusing the gaming platform of inflating key user metrics.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41220350/tesla-traders-wild-bet-on-elon-musks-company-ends-in-a-306m-lawsuit-spiral?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Trader&#8217;s Wild Bet On Elon Musk&#8217;s Company Ends In A $306M Lawsuit Spiral</a>
The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>)
Boeing&#8217;s stock fell by 0.81%, closing at $154.65, with an intraday low of $154.14. The stock&#8217;s 52-week high and low are $267.54 and $149.49 respectively. The drop follows a <a href="https://www.benzinga.com/markets/equities/24/10/41236652/boeing-hit-with-737-safety-alert-issues-deliveries-warning-as-strike-continues">safety alert issued by the FAA</a> regarding a potential rudder system jam in Boeing 737 airplanes.
Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)
Robinhood&#8217;s shares surged by 9.82%, closing at $25.61, with an intraday high of $25.8. The stock&#8217;s 52-week high and low are $25.8 and $7.91 respectively. The surge comes amid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41236863/robinhood-eyes-major-growth-with-new-trading-features-while-coinbase-rides-crypto-s">analyst predictions of strong third-quarter performance</a> for exchange and trading companies.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock rose by 1.52%, closing at $244.5, with an intraday high of $246.21. The stock&#8217;s 52-week high and low are $271 and $138.8 respectively. The rise comes ahead of Tesla&#8217;s <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech">upcoming Robotaxi event</a>, despite a Pew Research survey indicating that 63% of American adults would not ride in a driverless vehicle.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41195876/michael-saylor-once-said-bitcoins-days-are-numbered-now-he-holds-more-than-a-billion-worth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Once Said &#8216;Bitcoin&#8217;s Days Are Numbered.&#8217; Now He Holds More Than A Billion Worth Of King Crypto: Here&#8217;s What Changed For One Of Crypto&#8217;s Biggest Advocates</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

HOOD

RBLX

Palantir, Roblox, Boeing, Robinhood, Tesla: Why These 5 Stocks Are On Investors' Radars Today

SRFM

On October 2, 2024, Surf Air Mobility Issued To Palantir Technologies An Aggregate Of 1.27M Shares Of Common Stock For In-kind Services Worth $1.6M - Filing

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$131.00</td>
<td>$37.8K</td>
<td>126.4K</td>
<td>205.3K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$177.50</td>
<td>$27.5K</td>
<td>11.9K</td>
<td>13.0K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$12.00</td>
<td>$126.5K</td>
<td>3.6K</td>
<td>6.3K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$172.50</td>
<td>$61.8K</td>
<td>2.0K</td>
<td>5.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$22.50</td>
<td>$31.0K</td>
<td>9.0K</td>
<td>5.0K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$195.00</td>
<td>$35.8K</td>
<td>927</td>
<td>2.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$410.00</td>
<td>$29.5K</td>
<td>1.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$26.0K</td>
<td>4.1K</td>
<td>987</td>
</tr>
<tr>
<td>JKS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$30.1K</td>
<td>1.1K</td>
<td>953</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$295.1K</td>
<td>15.4K</td>
<td>890</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on October 11, 2024. Parties traded 121 contract(s) at a $131.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $37.8K, with a price of $314.0 per contract. There were 126493 open contracts at this strike prior to today, and today 205398 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 3 day(s) on October 11, 2024. Parties traded 170 contract(s) at a $177.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $162.0 per contract. There were 11976 open contracts at this strike prior to today, and today 13017 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 11, 2024. This event was a transfer of 3163 contract(s) at a $12.00 strike. This particular call needed to be split into 61 different trades to become filled. The total cost received by the writing party (or parties) was $126.5K, with a price of $40.0 per contract. There were 3618 open contracts at this strike prior to today, and today 6386 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on October 18, 2024. Parties traded 218 contract(s) at a $172.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $61.8K, with a price of $284.0 per contract. There were 2085 open contracts at this strike prior to today, and today 5964 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 11, 2024. This event was a transfer of 500 contract(s) at a $22.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $62.0 per contract. There were 9084 open contracts at this strike prior to today, and today 5009 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on October 18, 2024. Parties traded 28 contract(s) at a $195.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $1280.0 per contract. There were 927 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on October 11, 2024. This event was a transfer of 50 contract(s) at a $410.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 1324 open contracts at this strike prior to today, and today 1684 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a put option sweep with bearish sentiment. It expires in 101 day(s) on January 17, 2025. Parties traded 138 contract(s) at a $35.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $189.0 per contract. There were 4109 open contracts at this strike prior to today, and today 987 contract(s) were bought and sold. 
• For JKS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), we notice a call option trade that happens to be bullish, expiring in 38 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $430.0 per contract. There were 1138 open contracts at this strike prior to today, and today 953 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bullish sentiment. It expires in 73 day(s) on December 20, 2024. Parties traded 720 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $295.1K, with a price of $410.0 per contract. There were 15434 open contracts at this strike prior to today, and today 890 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Core Scientific, Inc. - Class A Common Stock

CORZ

ORCL

10 Information Technology Stocks With Whale Alerts In Today's Session

Investors with a lot of money to spend have taken a bullish stance on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 20 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 15%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $391,622, and 15 are calls, for a total amount of $1,337,740.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $31.0 to $55.0 for Palantir Technologies over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale trades within a strike price range from $31.0 to $55.0 in the last 30 days. 
<h3>Palantir Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728398766_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$10.9</td>
<td>$10.65</td>
<td>$10.87</td>
<td>$50.00</td>
<td>$434.8K</td>
<td>2.4K</td>
<td>696</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.7</td>
<td>$10.5</td>
<td>$10.7</td>
<td>$40.00</td>
<td>$428.0K</td>
<td>26.4K</td>
<td>871</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.05</td>
<td>$2.98</td>
<td>$2.98</td>
<td>$36.00</td>
<td>$134.1K</td>
<td>965</td>
<td>2.9K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$9.8</td>
<td>$9.7</td>
<td>$9.77</td>
<td>$31.00</td>
<td>$78.1K</td>
<td>2.8K</td>
<td>0</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$3.05</td>
<td>$2.99</td>
<td>$2.99</td>
<td>$36.00</td>
<td>$74.7K</td>
<td>965</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Having examined the options trading patterns of Palantir Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Palantir Technologies</h3>
<ul>
<li>With a trading volume of 17,873,355, the price of PLTR is up by 4.0%, reaching $40.45.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 23 days from now.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palantir Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Palantir Technologies Options Trading: A Deep Dive into Market Sentiment

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) are among the artificial intelligence stocks that have seen strong gains since early to mid-September. While the <a href="https://www.benzinga.com/markets/equities/24/10/41179608/mark-zuckerberg-bulldozes-past-jeff-bezos-to-become-worlds-2nd-richest-person-as-meta-stock-soar">former is perched at a record high, </a>the latter, despite its recent strong run, is yet to reclaim its Jan. 2021 peak. 
Here&#8217;s a look at the relative performance of these two stocks and what the near-term holds for them:
Meta Vs. Palantir: Meta has gained over 68% for the year-to-date period, while Palantir is up a steeper 133%. The data analytics company co-founded by Peter Thiel is the fourth best-performing S&amp;P 500 company this year, while Meta, co-founded by Mark Zuckerberg, holds the 11th spot on the list.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png" alt="" class="wp-image-582620" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1024x446.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22-1536x669.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07021223/image-22.png 1912w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
As is seen in the chart, both stocks have outperformed the broader market, as represented by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) &#8211; an exchange-traded fund that tracks the S&amp;P 500 Index.
Valuations of both stocks have become expensive following the recent spike. The forward price-earnings ratio for Palantir is currently at a hefty 95.2 but Meta is trading at a more modest forward P/E valuation of 24.75. The social media giant&#8217;s P/E ratio is fairly in line with 21.3 which is applicable to the communications services sector.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best Artificial Intelligence Stocks</a>
The Palantir Rally: Palantir has been on an uptrend since it gap-opened higher on Sept. 9, the first session after the S&amp;P Dow Jones Indices said the company would be added to the S&amp;P 500 Index, effective prior to the start of trading on Sept. 23. Commenting on the feat, Wedbush analyst Daniel Ives said, &#8220;The profitability profile of this story has significantly been bolstered with this <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">another validation moment for the Palantir story.&#8221;</a>
Although there was a &#8216;buy the rumor, sell the news&#8217; moment after the inclusion, the stock has been grinding solidly higher since the start of October.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png" alt="" class="wp-image-582632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07022131/image-23.png 1911w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Meta Connects With Investors: After the early August broader market swoon set in motion by yen carry-trade unwinding, Meta&#8217;s stock found its feet shortly after and climbed higher until mid-August. The stock experienced a mild pullback that lasted through mid-September.
The two-day Meta Connect conference held on Sept. 25-26 saw the company announcing a slew of products and other offerings. These include AI-driven chatbots, an updated Llama large-language model, the latest Ray-Ban smart glasses with improved camera functionality, voice controls, and deeper integration with AI, Meta Quest 4, the next-generation virtual reality headset, and the Orion augmented reality glasses.
The stock has been on a steady climb since then.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="436" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png" alt="" class="wp-image-582653" style="width:921px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1024x436.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-300x128.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-768x327.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24-1536x654.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/07023813/image-24.png 1907w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro
Further Upside? The average analysts&#8217; price targets, compiled by TipRanks, suggest modest upside potential for Meta but downside for Palantir.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Current Price</td>
<td>1-Year Average Analysts&#8217; Price Target</td>
<td>Upside/Downside Potential</td>
</tr>
<tr>
<td>Meta</td>
<td>$595.94</td>
<td>$608.20</td>
<td>+2.06%</td>
</tr>
<tr>
<td>Palantir</td>
<td>$40.01</td>
<td>$27.67</td>
<td>(-30.84%)</td>
</tr>
</tbody>
</table>
</figure>
The next big catalyst for Meta is likely to be the company&#8217;s third-quarter results due on Oct. 30, with the consensus modeling over 30% earnings per share growth and nearly 20% revenue growth. Meta&#8217;s fortunes to a large extent is tied to ad spending, which in turn hinges on macroeconomic conditions. With the Fed showing a proclivity to take rates down in the coming months, credit conditions could ease, potentially benefiting Meta.
Palantir is a favorite among retail investors. Continuing deal flow, and strong third-quarter results and positive fourth-quarter guidance could keep the upward momentum intact.
More importantly, the market has entered a seasonally strong quarter when a confluence of factors typically lifts the market. The stretched valuations, therefore, may not preclude further gains. That said, <a href="https://www.benzinga.com/markets/asia/24/10/41192510/labor-market-surprises-with-strength-energy-stocks-rally-on-israel-iran-tensions-chinese-tech-giants">investors may remain wary of geopolitical and macroeconomic headwinds, </a>with two wars ongoing and a hard-landing scenario still not off the table.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41200138/schwab-trading-activity-falls-in-september-despite-market-strength-nvidia-palantir-among-most-so">Schwab Trading Activity Falls In September Despite Market Strength: Nvidia, Palantir Among Most Sought-After Stocks But These 5 Fell Out Of Favor</a></li>
</ul>
Image Via Shutterstock

General

Meta Stock Returns Pale Next To Peter Thiel's Secretive Data Company Even As Mark Zuckerberg Company's AI Advancements Generate Excitement

September proved to be an unseasonably strong month for the market, with the <a href="https://www.benzinga.com/news/earnings/24/10/41113340/us-stocks-set-for-shaky-start-ahead-of-jolts-data-nike-earnings-strategist-says-these-3-structural-">S&amp;P 500, a measure of broader market performance, ending the month up 2.02%. </a>Trading volume on full-range brokerage services provider Charles Schwab Corporation&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) platforms, however, dipped.
What Happened: The Schwab Trading Activity Index, or STAX, fell from 53.15 in August to 47.10 in September, a release from the Charles Schwab on Monday showed. The STAX is calculated using a sampling method, drawing data from the firm&#8217;s client base of millions of funded accounts, including those accounts that completed a trade in the month.
The index indicates what traders were doing and how they were positioned in the market that month.
The September reading of 47.10 would rank as a &#8220;moderate low&#8221; compared to historical averages, the firm said.
What Drove Trading Action: Investor actions were either proactive or reactive as they positioned themselves for a slew of economic data that dropped during the month. &#8220;In September there was no shortage of market-affecting economic data, and Schwab's clients responded in kind by de-risking and taking profit opportunities," said Joe Mazzola, Head Trading &amp; Derivatives Strategist at Charles Schwab.
The market has factored in an aggressive Federal Reserve and Charles Schwab&#8217;s clients were largely optimistic about the economic activity. 
The firm highlighted the divergence between the market performance and the STAX score, calling it one of the biggest divergences in the history of its analysis. &#8220;The extent of the rate cut in September caught many by surprise and, taken in combination with all the other economic data swirling during the month, it make sense that clients pulled back a bit even as the markets soared,&#8221; it said.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index started September on a negative note but bottomed at $547.71 (intraday) on Sept. 9 and at $538.71 (closing) on Sept. 6. The ETF rebounded thereafter and closed the month at an all-time high of $573.76. 

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="446" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1024x446.png" alt="" class="wp-image-582402" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1024x446.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-300x131.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-768x335.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12-1536x670.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/06220301/image-2-12.png 1915w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Benzinga Pro data
See Also: <a href="https://www.benzinga.com/money/best-value-stocks">Best Value Stocks </a>
The S&amp;P 500 and the Dow Industrials also clocked record highs in the final session of September, as they ended at 5,762.48 and 42,330.15, respectively. On an intraday basis, these two indices scored records of 5,767.37 on Sept. 26 and 42,628.32 on Sept. 27.
The tech-heavy Nasdaq Composite Index ended September at 18,189.17, marking a 2-1/2 high month but shy off its all-time closing high of 18,647.45 (July 10). The index&#8217;s intra-high is 18,671.07 (July 11).
Stock Statistics: Early movers into artificial intelligence and a beaten-down chip stock were among the popular names bought by Charles Schwab&#8217;s clients. On the other hand, the firm&#8217;s clients were net sellers of some high-profile tech stocks, a telecom company and a couple of China-based companies.
<ul>
<li>Stocks In Favor
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)</li>
<li>Intel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NYSE">INTC</a>)</li>
<li>Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</li>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
</ul>
</li>
<li>Stocks Out Of Favor
<ul>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)</li>
<li>AT&amp;T, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</li>
<li>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</li>
</ul>
</li>
</ul>
Underperforming chip stock Intel found some bounce in September amid rumors concerning a stake sale and spin-off. The stock ended September up over 6%. The interest in Palantir does not come as a surprise given the kind of retail interest and the company&#8217;s inclusion in the S&amp;P 500 Index.
Interestingly, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which has been a high-flier in October, does not feature in the top six most-bought list of Charles Schwab.
Although traders were net sellers of Alibaba and Nio in September, these two stocks have been on fire since China announced <a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb">stimulus measures announced in late-September. </a>
The SPY ended Friday&#8217;s session up 0.91% at 572.98, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data.</a>
Image via Flickr
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41143855/if-you-invested-1-000-in-peter-thiel-co-founded-palantir-when-it-ipoed-4-years-ago-heres-how-much-yo">If You Invested $1,000 In Peter Thiel Co-founded Palantir When It IPOed 4 Years Ago, Here&#8217;s How Much You Would Have Now</a></li>
</ul>

SCHW

Schwab Trading Activity Falls In September Despite Market Strength: Nvidia, Palantir Among Most Sought-After Stocks But These 5 Fell Out Of Favor

Investors with a lot of money to spend have taken a bearish stance on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PLTR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 27 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 29% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $91,300, and 25 are calls, for a total amount of $1,152,188.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $55.0 for Palantir Technologies over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Palantir Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Palantir Technologies's whale trades within a strike price range from $10.0 to $55.0 in the last 30 days. 
<h3>Palantir Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728064841_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.85</td>
<td>$4.8</td>
<td>$4.85</td>
<td>$39.00</td>
<td>$101.8K</td>
<td>3.6K</td>
<td>27</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.8</td>
<td>$1.77</td>
<td>$1.77</td>
<td>$39.00</td>
<td>$88.5K</td>
<td>19.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.51</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$50.00</td>
<td>$75.0K</td>
<td>7.7K</td>
<td>7.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.51</td>
<td>$1.49</td>
<td>$1.49</td>
<td>$50.00</td>
<td>$74.5K</td>
<td>7.7K</td>
<td>9.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.5</td>
<td>$1.49</td>
<td>$1.49</td>
<td>$50.00</td>
<td>$74.5K</td>
<td>7.7K</td>
<td>9.1K</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
In light of the recent options history for Palantir Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Palantir Technologies's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 46,853,641, the PLTR's price is up by 1.88%, now at $39.98. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 27 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Palantir Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Palantir Technologies's Options: A Look at What the Big Money is Thinking

<ul>
<li>NVDA</li>
<li>WAY</li>
<li>TSLA</li>
<li>MADE</li>
<li>BABA</li>
<li>CLOV</li>
<li>RIVN</li>
<li>PLTR</li>
<li>LUNR</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CLOV

LUNR

Top 10 Trending Stocks On WallStreetBets As Of October 4, 2024 (Via Swaggy Stocks)

On Thursday, U.S. markets saw losses, with the Dow Jones Industrial Average falling 0.4% to 42,011.59, the S&amp;P 500 closing down almost 0.2% at 5,699.94, and the NASDAQ slipping 0.04% to end at 17,918.48.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir&#8217;s shares rose 4.67% to close at $39.24, with an intraday high and low of $39.29 and $37.37 respectively. The stock&#8217;s 52-week high and low stand at $39.29 and $14.48. The company&#8217;s co-founder, Peter Thiel, recently completed selling the maximum number of shares under a trading plan he initiated in May. Additionally, Palantir announced a <a href="https://www.benzinga.com/news/24/10/41167646/whats-going-on-with-palantir-stock-today">strategic partnership</a> with Edgescale AI to enhance AI operations in various industrial sectors.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s stock fell 1.52% to close at $181.96. The shares hit an intraday high of $183.44 and a low of $180.88. The 52-week high and low are $201.2 and $118.35 respectively. The company is reportedly set to <a href="https://www.benzinga.com/general/entertainment/24/10/41162458/amazon-ceo-andy-jassy-said-prime-video-will-have-meaningfully-fewer-ads-than-rivals-2-month">increase the number of advertisements</a> on its Prime Video platform starting next year as part of its broader strategy to enhance its ad-supported streaming services.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta&#8217;s shares increased 1.74% to close at $582.77, with an intraday high and low of $583.36 and $568.73 respectively. The stock&#8217;s 52-week high and low are $583.36 and $279.4. The social media company has <a href="https://www.benzinga.com/news/24/10/41176448/mark-zuckerbergs-facebook-paid-2b-to-content-creators-in-the-past-year-and-it-wants-to-pay-out-more">paid out over $2 billion</a> to content creators this year as it works to boost monetization efforts for users of the platform.
Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>)
Spirit Airlines&#8217; stock dipped 3.45% to close at $2.24. The shares hit an intraday high of $2.43 and a low of $2.22. The 52-week high and low are $17.49 and $2.22 respectively. The budget airline is reportedly in discussions with bondholders regarding the terms of a potential <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">bankruptcy filing</a> following a failed merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>).
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares fell 3.35% to close at $240.67. The shares hit an intraday high of $249.79 and a low of $237.81. The 52-week high and low are $271 and $138.8 respectively. The electric vehicle maker returned to growth with <a href="https://www.benzinga.com/general/education/24/10/41166723/how-many-evs-has-tesla-delivered-produced-each-quarter-a-look-at-the-results-since-2019">third-quarter delivery figures</a> showing a year-over-year increase from the prior year.
Photo by WHYFRAME on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41108682/michael-dell-sells-1-2-billion-worth-of-dell-stock-reducing-stake-amid-companys-recent-s-p-500-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Dell Sells $1.2B Worth Of Dell Stock, Reducing Stake Amid Company&#8217;s Recent S&amp;P 500 Inclusion Michael Dell Sells $1.2B Worth Of Dell Stock, Reducing Stake Amid Company&#8217;s Recent S&amp;P 500 Inclusion And AI Expansion</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AMZN

JBLU

SAVE

Palantir, Amazon, Meta, Spirit Airlines, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Palantir Technologies Inc (NYSE: PLTR) shares climbed 3.6% on Thursday after reports from the previous day that co-founder and chairman Peter Thiel has completed selling the maximum number of shares allowed under his trading plan set in May,<a href="https://www.benzinga.com/news/24/10/41145602/palantir-stock-is-moving-higher-wednesday-whats-going-on"> according to Barron's.</a>
The company&#8217;s recent success brings to mind Jim Cramer's evolving stance on Palantir. He once dismissed it as not even a &#8220;real company.&#8221; Less than a month later, he completely&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32017123/john-oliver-joins-inverse-jim-cramer-craze-says-youd-live-50-years-after-cramer-predicts-y">changed his mind</a>.
What Happened:&nbsp;Palantir&nbsp;announced an expansion of its&nbsp;<a href="https://www.benzinga.com/news/23/04/31676496/whats-going-on-with-palantir-technologies-stock-today">partnership</a>&nbsp;with&nbsp;Microsoft Corp&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) in early 2023. Following the announcement, Cramer said the AI-focused data software company was really just a &#8220;series of press releases&#8221; made up&nbsp;<a href="https://www.benzinga.com/news/23/04/31684804/jim-cramer-trashes-palantir-c3-ai-says-they-arent-even-real-companies">for the &#8220;memesters.&#8221;</a>
He complained about Palantir CEO&nbsp;Alex Karp&#8217;s&nbsp;use of foul language on conference calls and said the company would be a lot more legitimate if Karp would &#8220;stop dropping F-bombs.&#8221;
About a month later, Palantir <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32293202/palantir-just-beat-earnings-and-the-stock-is-ripping-but-4-analysts-are-mixed">reported strong quarterly results</a> and Cramer quickly changed his mind on the Karp-led company.
&#8220;I&#8217;ve been very critical of Alex Karp and not just because I thought it was totally unnecessary for him to curse on the conference call, but they had been losing money hand over fist,&#8221; Cramer said at the time on CNBC&#8217;s &#8220;Squawk On The Street.&#8221;
&#8220;They made money, $17 million, and they actually forecast GAAP positive, and what they did is pivot.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40937841/jim-cramer-this-utilities-stock-is-a-buy-calls-wells-fargo-a-winner">Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A &#8216;Winner&#8217;</a>
Previously, Palantir didn&#8217;t care about making money and&nbsp;the company was all about &#8220;world domination,&#8221; Cramer said: &#8220;They did the pivot that we have all been hoping for. It was a clear pivot and I think the stock should be up.&#8221;
In a letter to shareholders, Karp said he&nbsp;expected Palantir&nbsp;<a href="https://www.benzinga.com/news/earnings/23/05/32286656/why-palantir-stock-is-ripping-higher-today">to&nbsp;remain profitable</a>&nbsp;in each quarter&nbsp;through the end of 2023. The stock was up more than 20% on the heels of the company&#8217;s bullish forecast.
Cramer noted that he plans to take a closer look at the company now that it&#8217;s actually making money. He also expressed interest in what Palantir is doing for Ukraine in the ongoing war with Russia before highlighting new&nbsp;<a href="https://www.benzinga.com/news/earnings/23/05/32273478/palantir-delivers-another-profitable-quarter-touts-new-ai-platform-shares-surge">AI technology</a>&nbsp;that allows Palantir to&nbsp;&#8220;control the battlefield&#8221;:
&#8220;Look out,&nbsp;Russia,&#8221; Cramer said.
On a conference call with investors and analysts, Palantir said Ukrainian forces have been unleashing&nbsp;the company&#8217;s AI products with incredible speed.
&#8220;The future has already arrived,&#8221; the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/05/32293202/palantir-just-beat-earnings-and-the-stock-is-ripping-but-4-analysts-are-mixed">company stated</a>.
PLTR Price Action: When Cramer turned positive on Palantir in early 2023, the stock was trading below $10. Palantir shares were up 3.6%, trading at $38.87 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/23/04/31703954/early-palantir-investor-claps-back-at-jim-cramer-for-ludicrous-comments-says-palantir-st">Early Palantir Investor Claps Back At Jim Cramer For &#8216;Ludicrous&#8217; Comments, Says Palantir Stock Will More Than &#8216;Triple&#8217;</a></li>
</ul>
Photo: Flickr/Shutterstock.&nbsp;
Some elements of this story were previously reported by Benzinga and it has been updated.

Jim Cramer Once Told Palantir CEO To 'Stop Dropping F-Bombs,' Then He Realized The Future Had 'Already Arrived'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are up this Thursday. Here&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41141540/palantir-technologies-partners-with-edgescale-ai-to-operationalize-ai-in-manufacturing-and-utili">what you need to know.</a>
What To Know: A Barron&#8217;s report noted that Palantir co-founder and chairman Peter Thiel has completed selling the <a href="https://www.benzinga.com/news/24/10/41145602/palantir-stock-is-moving-higher-wednesday-whats-going-on">maximum number of shares</a> under a trading plan he initiated in May. Thiel sold 12.412 million shares at an average price of $36.85 per share from September 27 through October 1 via Rivendell 7 LLC, leaving the entity with approximately 34.26 million shares. This sale was completed ahead of the December 31, 2025 deadline.
Palantir also announced a multi-year strategic partnership with Edgescale AI to enhance artificial intelligence (AI) operations in manufacturing, utilities and other industrial sectors. According to Brian Mengwasser, co-founder and CEO of Edgescale AI, the objective is to simplify the deployment of AI capabilities, integrating Palantir's software on Edgescale's Live Edge platform to provide direct access to operational data and automate physical processes.
What Else: Additionally, Palantir was among the top-20 <a href="https://www.benzinga.com/top-stories/24/10/41150827/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-september-2024-where-do-tesla-nvidia-apple">most searched tickers on Benzinga Pro </a>last month, indicating high investor interest.
PLTR Price Action: Palantir shares were up by 3.03% at $38.63 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03095501/PLTR-1024x560.png" alt="" class="wp-image-578738" style="width:567px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03095501/PLTR-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03095501/PLTR-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03095501/PLTR-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/03095501/PLTR.png 1045w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
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Image via Shutterstock.

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