Palantir Surges 21% After AI Demand Powers Record Quarterly Profit
Palantir Technologies: Q3 Non-GAAP EPS of $0.07 beats by $0.01.Revenue of $558M beats by $2.08M.Cash from operations of $133 million, representing a 24% margin.Adjusted free cash flow of $141 million, representing a 25% margin.Cash, cash equivalents, and short-term US treasury securities of $3.3 billion.OutlookFor Q4 2023, we expect:Revenue of between $599 - $603 million vs. the consensus of $599.26M.Adjusted income from operations of $184 - $188 million.For full year 2023:We are raising our re
NIO's recent convertible bond announcement caused a 17% drop in stock price, raising questions about its future stability.However, the long-term implications are contingent on the company's ability to manage its debt and operational performance.NIO's impressive delivery growth, product diversification, and investments in autonomous driving position it for success in the electric vehicle market.The successful introduction of multiple new models and investments in autonomous driving technologies underscores its ability to innovate and cater to a diverse customer base. Drew AngererA Fall Or An Opportunity In the high-stakes world of electric vehicles, NIO Inc.'s recent play has some investors scratching their heads while others see a gold mine of opportunities. With a sudden 17% drop in stock price triggered by its billion-dollar convertible bond announcement, is this a fall from grace or an ingenious pivot towards long-term stability?
Morgan Stanley Upgrades Tesla Stock Rating, Raises Price Target to $400
Major investment bank Morgan Stanley boosted its Tesla stock outlook based on the company’s Dojo supercomputer project. Analyst Adam Jonas raised his TSLA price target 60% to $400 per share and upgrad