markets

Matt Phillips3/31/25

Palantir fails to hold the line as momentum cracks

Last year’s retail trading fave Palantir tumbled alongside popular tech behemoths like Tesla and Nvidia in early trading on Monday.

The defense, data analytics, and enterprise AI software firm is on track for its fifth consecutive down day, which has lopped 15% of the shares and sunk the share price once again below its 50-day moving average, a technical level often seen as providing a modest support for share prices that it had recently cleared.

With the first hour of trading in the bag, Palantir is off its worst levels. (It was down as much as 8%.)

Palantir isn’t the only tech stock taking a beating on Monday, amid concerns about the Trump administration’s continued tariff threats as well as their effect on the economy, inflation, investor confidence, and what the Fed will do with interest rates this year.

But Palantir also has specific exposure to the Trump administration’s push to sharply reduce government spending, given that the US government is its top customer.

In a note published last week, Morgan Stanley software analysts put the company on a list of stocks “at higher risk for downward estimate revisions” because of their reliance on federal government spending.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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