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Palantir's AI Growth Story Meets Wall Street Valuation Skepticism
Palantir shares rose 0.8% to $137.98 Tuesday but remain down 23% in 2026, as investors weigh strong AI-driven revenue growth against a high valuation and rising competition.
Microsoft's $190B Capex Plan Pressures Stock as AI Spending Surge Continues
Microsoft shares fell nearly $3 to $415.61 as investors weigh a $190 billion capital spending plan for 2026. Despite strong Azure growth of 40%, concerns over AI spending returns persist.
Congresswoman's Qualcomm Stock Sale Draws Attention Amid AI Chip Boom
Rep. Sara Jacobs disclosed up to $2 million in Qualcomm stock sales from a family trust, just before QCOM shares jumped 5% on news of an AI chip deal with ByteDance.
Costco Shares Dip Ahead of Q3 Earnings Amid Valuation Concerns
Costco shares slipped 2.7% to $1,000.48 as investors weigh high valuation ahead of fiscal Q3 earnings on May 28. Analysts forecast $4.98 EPS on $69.61 billion revenue.
Tech Stocks Propel S&P 500 and Nasdaq Higher; Dow Slips on Energy and Healthcare Weakness
The Dow slipped 0.26% on Tuesday as UnitedHealth and Chevron weighed, while the S&P 500 and Nasdaq rallied on tech and AI stocks. Oil prices climbed amid geopolitical concerns.
Western Digital Soars to Record on HDD Demand for AI Data Centers
Western Digital shares surged 10% to a record $532.74 after Evercore ISI boosted its price target to $575, highlighting the critical role of HDDs in AI infrastructure.
Walmart Maintains $140 Target Despite Consumer Caution
Walmart shares fell 1.1% to $118.91 after Q1 revenue rose 7.3% to $177.8B. Analysts maintain $140 targets but flag consumer caution and potential inflation.
Okta Stock Upgrade Highlights AI Security Demand Ahead of Earnings
Arete Research upgraded Okta to Buy from Sell with a $127 target. The move comes ahead of fiscal Q1 earnings, with Wall Street watching AI-driven security demand.
