Palantir Shares Jumped over 5% in Morning Trading as Cathie Wood Scooped up a Hefty Stake in It

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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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DanTEOHH
·07-05
@SPACE ROCKET I'm so sad 😢
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- DanTEOHHReplying toSPACE ROCKET:
  Now this price is overextended
  07-05
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- DanTEOHHReplying toSPACE ROCKET:
  I suppose now the best way is to wait for it to retrace before buying shares ba
  07-05
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- SPACE ROCKETReplying toDanTEOHH:
  Don't worry too much. how about buying an equivalent amount near closing? Or sell put at similar strike price for nxt week (but if it keeps going higher you won't get assigned at tt price tt u wan).
  07-05
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play, maybe tech play, in the market today” by <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Shares Jumped over 5% in Morning Trading as Cathie Wood Scooped up a Hefty Stake in It</title>\n<style 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22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir shares jumped over 5% in morning trading as Cathie Wood-led Ark Invest scooped up a hefty stake in it on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/33bfeb2332511f22acc72ec53c844d98\" tg-width=\"839\" tg-height=\"839\"/></p><p>Ark Invest, through its <strong>ARK Autonomous Technology &amp; Robotics ETF</strong>, purchased 37,053 shares of Palantir worth $957,078.</p><p style=\"text-align: start;\">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 <strong>Dan Ives</strong>, the managing director at Wedbush.</p><p style=\"text-align: start;\">Notably, Ark Invest picked up Palantir shares worth $5.16 million just a day earlier.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186569471","content_text":"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 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"},{"id":324255207817392,"gmtCreate":1720193374036,"gmtModify":1720193378666,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches 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futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.24","exceedPercentage":"80.89%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":324243464609952,"type":1,"supId":324244500967552,"prevId":324250194440320,"content":"Don't worry too much. how about buying an equivalent amount near closing? Or sell put at similar strike price for nxt week (but if it keeps going higher you won't get assigned at tt price tt u wan).","text":"Don't worry too much. how about buying an equivalent amount near closing? Or sell put at similar strike price for nxt week (but if it keeps going higher you won't get assigned at tt price tt u wan).","html":"Don't worry too much. how about buying an equivalent amount near closing? Or sell put at similar strike price for nxt week (but if it keeps going higher you won't get assigned at tt price tt u wan)."},{"id":324250194440320,"gmtCreate":1720192018777,"gmtModify":1720192023407,"authorId":3574587439900861,"author":{"id":3574587439900861,"idStr":"3574587439900861","authorId":3574587439900861,"name":"DanTEOHH","avatar":"https://static.tigerbbs.com/7d9f3e9c4cc1d068ea658b0e69247a35","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.24","exceedPercentage":"80.89%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324243464609952,"type":1,"supId":324244500967552,"prevId":0,"content":"Cause I will lose my pltr shares aNd it gained so much. Np rest well!","text":"Cause I will lose my pltr shares aNd it gained so much. Np rest well!","html":"Cause I will lose my pltr shares aNd it gained so much. Np rest well!"},{"id":324244500967552,"gmtCreate":1720190628766,"gmtModify":1720190633806,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.64%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":324243464609952,"type":1,"supId":0,"prevId":0,"content":"Why? I'm feeling so dozy... sorry if I were to miss your message or reply late..&nbsp; I may doze off","text":"Why? I'm feeling so dozy... sorry if I were to miss your message or reply late..&nbsp; I may doze off","html":"Why? I'm feeling so dozy... sorry if I were to miss your message or reply late..&nbsp; I may doze off"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}