$Palantir Technologies Inc.(PLTR)$ Polymarket is showing a 17% chance the U.S. government takes a stake in PLTR. The price bounced off that market support area rather cleanly. Now, it's a question of whether it can test the resistance trendline and the 50-week moving average.
$Meta Platforms, Inc.(META)$ The stock's action over the last day is quite telling. It was showing bearish sentiment on Stocktwits just yesterday, and then the price shot up in pre-market while many retail investors were still cautious. These kinds of moves often happen when they're least expected.
$Surf Air Mobility Inc.(SRFM)$ The market is suddenly realizing that SRFM is no longer just a capital-intensive aviation company. Through its partnership with Palantir ($Palantir Technologies Inc.(PLTR)$ ), it's transforming into a high-margin software platform (SaaS) for the global private aviation sector. The recently announced Wheels Up deal ($12 million) clearly validates this model. Sales-related risk is dropping significantly, thanks to Palantir's go-to-market support.
$Palantir Technologies Inc.(PLTR)$ Michael Burry just said in his newsletter that he closed his short position on Palantir PLTR. He's not short it anymore. He's scared!
$SPDR S&P 500 ETF Trust(SPY)$ These wild swings in tech look like some hedge funds having to sell winners to chase what's hot now, like the MU trade and OpenAI developments. For investors, it's really a buying opportunity because they're just overdoing the moves in these established tech names. Not pleasant, but you can understand it.
$Alphabet(GOOGL)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ Hang in there, bulls. Nothing's changed. The correction is almost over. These three giants won't stay down for long. The money will rotate back into hyperscalers soon. Chip stocks can't run on their own.