Markets
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Luke Kawa

Tweet from Palantir board member’s account says move to Nasdaq “to force billions in ETF buying” and reward investors

Earlier in the day, my colleague Matt Phillips noted how the decision by Palantir Technologies to move its share listing from the NYSE to the Nasdaq could spur another wave of buying from exchange-traded funds that track the Nasdaq 100.

The X account of Alex Moore, a board member at the company, tweeted the quiet part out loud. Quite colorfully.

Per screengrabs of the message:

“We are moving @PalantirTech to Nasdaq because it will force billions in ETF buying and deliver ‘tendies’ to our retail investors. Player haters be aware that we’ve been hated for decades (plural). Everything we do is to reward and support our retail diamondhands following.”

The tweet, and the account itself, no longer exist on X. There are multiple screenshots of this message from different sources.

Tendies, as I’ve previously described in a feature on the WallStreetBets subreddit, are:

“Chicken tenders, the treat an overgrown man-child receives for being a ‘Good Boy.’ Figuratively speaking, tendies are the financial rewards that follow from a successful bold wager.”

Palantir, the top-performing stock in the S&P 500 this year, is a retail darling.

The company did not immediately respond to a request for comment.

Palantir tops S&P 500, aims for Nasdaq 100

Palantir tops S&P 500, aims for Nasdaq 100

The X account of Alex Moore, a board member at the company, tweeted the quiet part out loud. Quite colorfully.

Per screengrabs of the message:

“We are moving @PalantirTech to Nasdaq because it will force billions in ETF buying and deliver ‘tendies’ to our retail investors. Player haters be aware that we’ve been hated for decades (plural). Everything we do is to reward and support our retail diamondhands following.”

The tweet, and the account itself, no longer exist on X. There are multiple screenshots of this message from different sources.

Tendies, as I’ve previously described in a feature on the WallStreetBets subreddit, are:

“Chicken tenders, the treat an overgrown man-child receives for being a ‘Good Boy.’ Figuratively speaking, tendies are the financial rewards that follow from a successful bold wager.”

Palantir, the top-performing stock in the S&P 500 this year, is a retail darling.

The company did not immediately respond to a request for comment.

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The US central bank held its policy rate steady at its January meeting.

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Max Knoblauch

Carvana tumbles on report from short seller Gotham City Research

Used car retailer Carvana is down more than 16% on Wednesday, with shares on pace for their worst day since April.

A new report from short seller Gotham City Research, which had teased its publication in a post on X earlier in the day, appears to be dragging shares down. In the report, Gotham alleges Carvana’s 2023-24 earnings were overstated by more than $1 billion. (For perspective, Carvana’s earnings in those two years totaled just over $550 million.)

Gotham’s report also alleges that Carvana’s earnings are “far more dependent” on auto loan companies DriveTime and Bridgecrest than the market currently takes into account and that DriveTime’s subsidies fuel over 73% of Carvana’s earnings before interest and taxes. In its post teasing its findings, Gotham said Carvana would “age as one of the biggest Corporate Scandals of America over time.”

Per the report:

“We see problems with accounting, disclosure, and business practices that will lead to regulatory trouble. At best, we believe CVNA is far less profitable than believed, as a standalone business. At worst, CVNA is more like Tricolor, rather than Amazon. Either way, shares face massive downside risk to the share price.”

Carvana did not immediately respond to a request for comment.

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Matt Phillips

Corning reports better-than-expected Q4 results

Glassmaker Corning, which saw its shares explode higher Tuesday after announcing an up to $6 billion deal to supply fiber-optic equipment for Meta AI data centers in coming years, issued its Q4 numbers before the start of trading Wednesday.

The company reported:

  • Non-GAAP core earnings per share of $0.72 vs. consensus expectations of $0.71 from analysts, according to FactSet.

  • Core sales of $4.41 billion vs. a $4.36 billion consensus estimate from analysts.

The company expects Q1 2026 core sales of $4.2 billion to $4.3 billion, compared to a consensus estimate of $4.26 billion from Wall Street, with core EPS between $0.66 and $0.70, the midpoint of which is a penny higher than the Street’s estimate of $0.67.

Investors traded the stock, which rose 16% on Tuesday after the Meta news, down 3.4% before markets opened. Through the end of Tuesday’s session, shares had nearly doubled over the last six months.

markets
Matt Phillips

GE Vernova, cornerstone of AI energy trade, dips after Q4 profit trails estimates

GE Vernova, which makes turbines used in power plants and has been a cornerstone in the AI power trade, is falling after posting a mixed bag of Q4 results on Wednesday morning.

  • Adjusted EBITDA of $1.16 billion fell short of the $1.25 billion estimate from analysts polled by Bloomberg, dragged down by a loss in its wind business.

  • Total revenue came in at $10.96 billion vs. the $10.21 billion consensus expectation from analysts polled by FactSet.

  • GE Vernova gave full-year 2026 sales guidance of between $44 billion and $45 billion vs. a consensus estimate of $42.13 billion.

  • New orders came in at $22.2 billion vs. expectations for $18.28 billion.

GE Vernova is up some 400% over the last two years, but the majority of those gains were booked by August 2025. Since then, the shares have been largely range-bound, and are down a bit after this morning’s report.

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