2024

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<p class="has-drop-cap">In a volatile market, three tech giants are making waves on Wall Street today: Palantir Technologies (<a href="https://tokenist.com/investing/how-to-buy-stocks/" rel="dofollow" class="deco-link">NYSE: PLTR</a>), NVIDIA Corporation (<a href="https://tokenist.com/investing/how-to-invest-in-stocks/" class="deco-link">NASDAQ: NVDA</a>), and Uber Technologies (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" class="deco-link">NYSE: UBER</a>).<br><br>Each company has seen significant stock movement following recent announcements, analyst upgrades, or earnings reports. As of 10:51 AM EDT, all three stocks were trading higher, with investors closely watching their performance amid broader market fluctuations.</p> 
<h3 id="palantir-technologies-pltr-surges-on-unbridled-demand-for-ai-platform">Palantir Technologies (PLTR) Surges on “Unbridled Demand” for AI Platform</h3> 
<p>Palantir’s stock surged 9.79% to $26.45 following <a aria-label="impressive second-quarter results (opens in a new tab)" href="https://investors.palantir.com/files/Palantir%20Q2%202024%20Business%20Update.pdf" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">impressive second-quarter results</a> and raised guidance.<br><br>The data analytics firm reported a 27% year-over-year revenue increase to $678 million, beating expectations. Adjusted earnings per share jumped 80% to $0.09, surpassing analyst estimates. <br><br>Notably, U.S. commercial revenue soared 55% to $159 million, with the company’s customer count in this segment expanding by 83%.<br><br>CEO Alex Karp cited “unbridled demand” for Palantir’s AI systems as a key driver of growth. The company raised its full-year 2024 revenue guidance to between $2.742 billion and $2.750 billion.<br><br>Despite the positive momentum, some analysts remain cautious about Palantir’s valuation, with the stock trading at a <a href="https://tokenist.com/investing/p-e-ratio/" rel="dofollow" class="deco-link">price-to-earnings ratio</a> of 200.75.</p> 
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<h3 id="nvidia-corporation-nvda-stock-climbs-after-analyst-upgrade">NVIDIA Corporation (NVDA) Stock Climbs After Analyst Upgrade</h3> 
<p>NVIDIA shares climbed 5.21% to $105.68 as the chip giant reclaimed key levels following a recent pullback. <br><br>New Street Research <a aria-label="upgraded (opens in a new tab)" href="https://www.marketscreener.com/quote/stock/NVIDIA-CORPORATION-57355629/news/Nvidia-New-Street-Research-raises-its-recommendation-47568315/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">upgraded</a> NVIDIA from Neutral to Buy, with analyst Pierre Ferragu describing the recent 20%+ share price decline as a “healthy correction” and an opportunity for investors to increase exposure.<br><br>The company is set to report quarterly results later this month, with analysts expecting earnings per share of $0.82 on revenue of $28.5 billion.</p> 
<p>Despite recent volatility, NVIDIA’s stock remains up 113.35% year-to-date, reflecting strong investor confidence in the company’s long-term prospects in the <a href="https://tokenist.com/bubble-starting-to-bust-or-is-it-time-to-double-down-on-these-ai-stocks/" rel="dofollow" class="deco-link">AI and chip markets</a>.</p> 
<h3 id="uber-technologies-uber-reports-double-beat-in-q2-2024">Uber Technologies (UBER) Reports Double Beat in Q2 2024</h3> 
<p>Uber’s stock jumped 7.81% to $63.05 after the ride-hailing and delivery company reported <a href="https://tokenist.com/uber-q2-results-beats-expectations-0-47-eps-10-7-b-in-revenue/" rel="dofollow" class="deco-link">better-than-expected second-quarter earnings</a>. <br><br>Uber posted earnings per share of $0.47, significantly beating the $0.30 expectation, while revenue reached $10.7 billion, slightly above the anticipated $10.57 billion.<br><br>The company’s performance was robust across key metrics, with Gross Bookings increasing 19% year-over-year to $40.0 billion.</p> 
<p>Uber’s income from operations surged 144% from the previous year to $796 million, while Adjusted EBITDA grew 71% to $1.6 billion. The strong results prompted Uber to initiate <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="dofollow" class="deco-link">share repurchases</a> during the quarter, signaling confidence in its financial position and future outlook.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/stocks-to-watch-today-palantir-nvidia-and-uber/">Stocks to Watch Today: Palantir, Nvidia, and UBER</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Palantir, Nvidia, and UBER

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