Palantir dives as the Pentagon eyes rivals’ AI to reduce its dependence on the company

A new report from The Information on Monday found that federal agencies like the Department of Defense are testing AI to reduce reliance on contractors like Palantir and Lockheed Martin.

Shares of Palantir took a nosedive following the report, but began to tick back up.

According to The Information, the government is counting on AI models from Microsoft and OpenAI that can extract vast amounts of data to give it a leg up in negotiations with companies like Palantir.

Microsoft’s Rivals Lean on AI to Pry Away Longtime Customers

According to The Information, the government is counting on AI models from Microsoft and OpenAI that can extract vast amounts of data to give it a leg up in negotiations with companies like Palantir.

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Matt Phillips

Coinbase posts better-than-expected sales, profit, and transaction numbers

The crypto exchange rose slightly in early after-hours trading.

Western Digital jumps as Q1 sales and earnings beat, guidance better than expected, and dividend hiked

A litany of stellar news from the disk drive seller.

Matt Phillips4h

Max Knoblauch4h

Netflix rises on announcement of its 10-for-1 stock split

Netflix’s subscription prices keep rising, but its shares are about to get a bit cheaper.

On Thursday, the streamer announced it’ll perform a 10-for-1 forward stock split. On November 17, traders who own a single Netflix share will own 10 shares, though the company’s underlying value will remain the same.

Netflix shares have surged about 270% over the past three years to $1,089 as of today’s close, as the streamer has captured more of the streaming market share. The stock rose roughly 3% in after-hours trading on Thursday following the announcement.

Reddit rises in after-hours trading on Q3 earnings numbers

Here’s how they look.

Matt Phillips4h

Amazon soars as Q3 earnings, sales beat Wall Street expectations

Amazon released earnings on Thursday.

Jon Keegan4h

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