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Palantir Upgraded; Nvidia to Invest in Data Center Optics Companies
Published 1 week, 6 days ago
Description
On this episode of Stock Movers:
- Palantir Technologies (PLTR) is being upgraded to buy from neutral at UBS, the latest firm to turn more positive on the software company in the wake of its results. Stock up 0.3% in extended trading.
- Nvidia (NVDA) agreed to invest $4 billion in two companies that develop data center optics that are essential for artificial intelligence systems. Nvidia will invest $2 billion apiece in Lumentum Holdings Inc. and Coherent Corp. in multi-year deals, it said in separate statements on Monday. Both deals include purchase agreements and access rights for advanced laser components. The money will go to support research and development.
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