The Rundown Palantir Shook by Possible Defense Spending Cuts, Walmart Slides Following Profit Warning
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Feb 20, 2025 Discover the soaring success of China's animated film, Neza 2, and its implications for Hollywood. Dive into Microsoft's quantum computing breakthrough that has investors buzzing. Explore Nvidia's anticipated earnings amid the AI chip boom and Apple's strategy with its budget iPhone 16e. And get insights on Palantir's stock struggles tied to defense spending concerns, while Alibaba thrives in cloud and AI, juxtaposed against Walmart's challenges despite solid profits amid market volatility.
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Quantum Leap
- Microsoft's new quantum chip, Majorana 1, accelerates practical quantum computing.
- Quantum stocks like D-Wave, Rigetti, and Quantum Computing Inc. rallied over 6% on the news.
Palantir Plunge
- Palantir stock dropped due to potential defense spending cuts and CEO Alex Karp's trading plan.
- Karp plans to sell over $1 billion worth of his shares, causing market concern.
Alibaba's Ascent
- Alibaba's cloud revenue and AI-related products showed strong growth, boosting its stock.
- Their partnership with Apple for iPhones in China further contributed to this success.