Shares of Palantir TechnologiesĀ dropped 8% despite the company reporting solid first-quarter results and increasing its full-year guidance. Let's look at the company's quarterly results, why the stock is falling, and whether this is a buying opportunity for long-term investors. Reaccelerating growth. Palantir reported strong first-quarter results, with revenue growing 21% to $634 million
Open FlipAt any given time, there is likely a hot story in the world of investing. Right now, that hot story is undoubtedly artificial intelligence (AI). Companies of all kinds are scrambling to present themselves as being in on AI, whether it's core to their business or not. That being said, because computers, automation, and technology generally drive much of modern society.
Open FlipThe price of Bitcoin (CRYPTO: BTC) is primarily determined by the law of supply and demand. Since there's a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer. Jack Dorsey, the CEO of fintech Block (NYSE: SQ), devoted his entire first-quarter letter to shareholders to talk about Bitcoin.
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