Palantir Shares Jumped over 5% in Morning Trading as Cathie Wood Scooped up a Hefty Stake in It
Tiger Newspress07-05
Palantir shares jumped over 5% in morning trading as Cathie Wood-led Ark Invest scooped up a hefty stake in it on Tuesday.
Ark Invest, through its ARK Autonomous Technology & Robotics ETF, purchased 37,053 shares of Palantir worth $957,078.
This investment comes as the AI sector gains momentum, with Palantir being described as the “Messi of AI,” and “probably the most underestimated AI play, maybe tech play, in the market today” by Dan Ives, the managing director at Wedbush.
Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.
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