Breaking: $MAX Set to Surge 150% Amidst Symmetrical Triangle MAX Set to Surge 150% Amidst Symmetrical Triangle Pattern and Thriving AI Meta
The cryptocurrency market is abuzz with anticipation as NYSE:MAX , a Solana-based AI-driven coin, positions itself for a potential bullish breakout. This development comes amidst the formation of a symmetrical triangle pattern on the charts, a classic technical indicator of imminent volatility. With its unique AI narrative and promising fundamentals, NYSE:MAX could soon deliver significant returns for investors.
Technical Outlook
As of now, NYSE:MAX is trading at a modest gain of 1.9%, with its Relative Strength Index (RSI) at 44, indicating a neutral zone but with potential upward momentum. The symmetrical triangle pattern on the chart signals a critical phase for $MAX. A breakout above the upper trendline of the triangle could unleash a bullish surge, potentially driving gains up to 150%.
However, the risk of a bearish scenario looms if NYSE:MAX fails to hold its current levels. A dip below the triangle could invalidate the bullish setup, leading to a bearish continuation pattern. Additionally, the recent decline in trading volume suggests a period of consolidation, often a precursor to a trend reversal. Traders should keep an eye on the volume spike that typically accompanies a breakout to confirm the direction of the next move.
Meet Max, the AI Agent for Financial Revolution
NYSE:MAX is more than just another cryptocurrency; it represents a vision for the future of decentralized finance (DeFi). Built on the cutting-edge @distilled_ai platform, Max, the AI agent, is a staunch Bitcoin maximalist with a mission to revolutionize the financial world. With a deep understanding of blockchain technology, Max advocates for financial freedom and empowers users to navigate the complex world of cryptocurrencies.
Max’s capabilities extend beyond Bitcoin. As an expert in the broader Web3 ecosystem, Max provides insights on decentralized applications (dApps), smart contracts, and the rapidly evolving AI landscape. In a market increasingly influenced by AI-driven trends, NYSE:MAX ’s positioning as a pioneer in this niche makes it a standout.
Market Sentiment and Growth Potential
The current crypto landscape is dominated by AI and AI agent trends, and NYSE:MAX is at the forefront of this movement. Despite the absence of centralized exchange (CEX) listings, every dip in NYSE:MAX ’s price presents a compelling buying opportunity. The coin’s innovative narrative and growing community support underscore its potential for widespread adoption.
Follow @maxisbuyin_ on social media to stay updated with the latest trends, news, and insights from the world of cryptocurrency. Max’s mission to promote financial empowerment resonates with both seasoned crypto enthusiasts and newcomers alike.
Conclusion
NYSE:MAX ’s journey is a testament to the transformative power of AI in the cryptocurrency space. With its technical setup indicating a potential breakout and its fundamentals rooted in innovation, NYSE:MAX is a coin to watch. Investors should remain vigilant, monitoring key levels and market sentiment as NYSE:MAX navigates this pivotal phase.
Whether you’re looking for short-term gains or a long-term investment in the future of AI-driven DeFi, NYSE:MAX offers an exciting opportunity. As always, conduct thorough research and stay informed to make the most of this promising asset.
Artificialintelligence
Can AI Redefine How We Agree?In the digital transformation landscape, DocuSign is not just maintaining its lead in electronic signature solutions but is actively redefining how businesses manage agreements through artificial intelligence. With the introduction of its Intelligent Agreement Management (IAM) platform, DocuSign has ventured into a new era where AI streamlines every aspect of contract management, from drafting to data extraction and negotiation, ensuring that agreements are executed and strategically optimized.
The IAM platform's impact is evident in its rapid adoption and the positive market response, with financial analysts from JMP Securities setting an optimistic price target of $124. This enthusiasm is backed by DocuSign's financial performance, projecting a revenue growth to $2.96 billion in fiscal 2025, alongside an 80.2% gross profit margin. Such figures underscore the company's operational efficiency and its ability to sustain high profit margins, even as it expands its service offerings.
Moreover, DocuSign's strategic focus on international expansion and leadership enhancements under CEO Allan Thygesen is poised to cement its market position further. With international revenue growth at 17% and a Net Revenue Retention rate reaching 100%, DocuSign is not only maintaining but also enhancing customer relationships. The company navigates a competitive environment with tech giants by leveraging superior integration and compliance features, eyeing a significant $50 billion market opportunity split between e-signature and contract lifecycle management.
As we look to the future, DocuSign's journey from an e-signature specialist to an AI-driven agreement management leader challenges businesses to rethink their approach to contracts. The company's ongoing innovation in AI promises to unlock new efficiencies and insights from agreements, potentially revolutionizing business operations across various sectors. This evolution poses opportunities for growth and challenges in maintaining market leadership, making DocuSign's narrative one of inspiration and strategic curiosity.
Is This $1B Tech Deal the Dawn of a New AI Infrastructure Era?In a move that redefines the landscape of enterprise AI infrastructure, Hewlett Packard Enterprise has emerged victorious in securing a transformative $1 billion deal with X, Elon Musk's social media platform. This landmark agreement represents one of the largest AI server contracts to date and signals a pivotal shift in how major tech companies approach their AI computing needs.
The implications of this deal extend far beyond its monetary value. By outmaneuvering industry titans Dell Technologies and Super Micro Computer in a competitive bidding process, HPE has demonstrated that traditional leaders no longer dominate the AI hardware market. This disruption suggests a new era where technological innovation and cooling efficiency may prove more crucial than established market positions.
The timing of this partnership is particularly significant as it coincides with a dramatic surge in data center infrastructure spending, which reached $282 billion in 2024. HPE's success in securing this contract, despite being considered a relative newcomer in the AI server space, challenges conventional wisdom and opens up intriguing possibilities for future market dynamics. As enterprises worldwide grapple with their AI infrastructure needs, this deal may serve as a blueprint for the next wave of major tech investments, marking the beginning of a new chapter in the evolution of AI computing infrastructure.
Artificial Intelligence in Forex Trading: the Future
Hello readers, my name is Andrea Russo, and I’m a passionate Forex trader with years of experience in the financial markets. Today, I want to talk to you about a topic that has recently captured the attention of many traders: the integration of Artificial Intelligence (AI) into Forex trading.
AI isn’t just a trend; it’s a transformative technology that is changing how we analyze markets and make trading decisions. In this article, I’ll walk you through the benefits, challenges, and future potential of AI in the Forex market, based on my own experiences.
The Benefits of Artificial Intelligence in Forex Trading
1. Real-Time Data Analysis
One of the most powerful aspects of AI is its ability to process and analyze massive amounts of data in real time. In the Forex market, where every second matters, this speed can make the difference between profit and loss.
For example, advanced algorithms can analyze economic news, price movements, and technical indicators simultaneously, identifying trading opportunities instantly. Personally, I’ve used AI-powered tools to monitor currency pairs like EUR/USD and GBP/USD, gaining reliable and rapid trading signals.
2. Eliminating Human Error
How many times have you made emotional decisions while trading? It’s happened to me too, but AI has significantly reduced this issue. Algorithms don’t get influenced by fear or greed—they execute trades based purely on predefined logic and concrete data.
3. Adapting to Market Conditions
Another advantage I’ve noticed is AI’s ability to adapt quickly. For instance, a machine learning system can adjust strategies according to market changes, shifting from trend-following techniques to range-bound strategies without any human intervention.
4. Detecting Advanced Patterns
We all know how crucial it is to spot technical patterns on charts. Thanks to neural networks, AI can identify complex signals that even the most experienced traders might miss. I’ve tested a deep learning system that recognizes divergences between RSI and price action, delivering impressive results.
The Challenges of Artificial Intelligence
1. Data Quality
The effectiveness of an AI system depends on the quality of the data used to train it. I’ve encountered algorithms that delivered inconsistent results because they were based on incomplete or outdated historical data. It’s essential to ensure that your data is accurate and representative of current market conditions.
2. Overfitting Issues
Overfitting is a problem I’ve faced personally: during backtesting, a system performed exceptionally well on historical data but failed in live markets. This happens when a model is too tailored to past data and can’t handle new scenarios effectively.
3. Technical Complexity
Not every trader has the technical skills to develop an AI system from scratch. Initially, I had to rely on specialized software providers. It’s crucial to choose reliable tools and at least understand the basics of how they work.
4. Dependence on Technology
Lastly, over-reliance on technology can become a risk. I always recommend maintaining human oversight over automated systems to avoid surprises caused by bugs or unforeseen market events.
The Future of Artificial Intelligence in Forex Trading
Looking ahead, I’m convinced that AI will become an even more integral part of Forex trading. Among the most exciting innovations, I believe we’ll see:
Multimodal Learning: Systems that integrate numerical data, textual information, and charts to deliver comprehensive analyses.
Integration with Blockchain: To enhance the security and transparency of transactions.
Advanced Personalization: Algorithms will be able to create tailor-made strategies for each trader, based on their goals and risk tolerance.
Conclusion
As a trader and technology enthusiast, I’m excited about the possibilities AI offers. However, I firmly believe that the key to success lies in finding a balance between automation and human oversight.
If you’re considering integrating AI into your trading strategies, I recommend starting with simple tools, testing the results, and most importantly, continuing to develop your skills.
Thank you for reading this article! I hope my experiences and insights prove useful to you. If you have any questions or want to share your opinions, feel free to leave a comment below.
Best regards,
Andrea Russo
TSM: Growth and Charts Align for 15%+ Target?Hey Realistic Traders, Will NYSE:TSM Create a New All-Time High? Let’s Dive In....
TSMC is the world’s largest contract chipmaker. Recent Earning Call reported whooping third quarter revenue of $759.69 billion, marking a YoY increase of 36.5%. The performance is beating the market forecast. Double Digit Revenue Growth is driven by demand for AI Chips especially with major client like NVIDIA & Apple and 3-nanometer &5 nanometer technology in Smartphones. TSMC Chief Financial Officer Huang Renzhao shared optimistic project for the company. TSMC expect Q4 quarterly revenue growth of approximately 13%, sligtly above the market the market expectation.
Strong AI-Related demand predicted to persist for year, inlined with the company’s perfomance and expectation. The positive sentiment support our bullish call on NVIDIA.
Technical Analysis
On the daily timeframe, TSM has remained above the EMA200 line for over a year, maintaining its bullish trend. On August 5, 2024, TSM rebounded impulsively from the EMA200 line after completing an ABC correction pattern, signaling the start of a new bullish wave.
The second and fourth corrective waves have retraced to the Fibonacci 0.382 and 0.618 golden ratios, respectively, aligning with Elliott Wave rules that typically indicate further upward movement.
In addition to the Elliott Wave analysis, a breakout from a Descending Broadening Wedge pattern has been identified. Such breakouts often signal the continuation of the prevailing market trend.
Therefore based on these technical analysis, I foresee a potential upward movement toward the first target at $217.85 or second target at 234.46
This outlook remains valid as long as the price holds above the stop-loss level at 177.95
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Taiwan Semiconductor."
ACT - LONG - Good opportunityACT is now ready to give us a chance. Despite being a little late it is still in a good place for daily timeframe. This is a moderate risk trade, as we have a small confirmation and good support. These currencies are also very volatile and high leverage should not be used.
TP 1: 0.42
TP 2: 0.58
TP 3: 0.63 (It's not very likely, but it could be).
SL 1: 0.2368
SL 2: 0.21
-
First trade of 2025, have a happy new year.
Fet , bullrun targetsArtificial super intelligence alliance, bloody hell the name freaks me out :)) whether you like it or not AI is devouring us , the development pace is just mind blowing and it gets into crypto aswell . Don’t leave a basket empty of AI projects specifically this one . I have some macro targets that can be useful in the way , I got them with a lots of measurements lol , have a good night my friends .
Cerence Inc. $CRNC AI-Driven Growth Potential Against Its Debt 📊 Cerence Inc. NASDAQ:CRNC AI-Driven Growth Potential Against Its Debt Load
Cerence Inc. stands at the forefront of automotive AI innovation, delivering cutting-edge technologies such as voice recognition, natural language processing, and AI-driven autonomous vehicle systems. While its debt levels pose challenges, CRNC's strategic initiatives and market leadership make it a compelling stock for analysis. Let’s dive into the details:
📊 Financial Overview
Debt Profile
Total Debt: $295.24M
Net Debt: $170.4M
Debt-to-Equity Ratio: 200.11%
High leverage is a key concern, but CRNC has implemented strategies to address this:
Convertible Notes Repurchase: Repurchased GETTEX:27M to lower interest costs and reduce dilution.
Cost-Saving Initiatives: Targeting $35-40M in annual savings to improve operational efficiency and cash flow.
Revenue Growth Strategy: Strategic partnerships, including NVIDIA, aim to capitalize on new revenue streams from AI-driven automotive solutions.
🚀 Automotive AI Market Trends
Growth Potential
The automotive AI market is projected to grow exponentially as technologies like generative AI, predictive maintenance, and advanced driver-assistance systems (ADAS) become standard. CRNC is well-positioned to lead in these areas with:
EV Optimization: Focused on battery management and range prediction.
In-Car Experiences: Investments in large language models (LLMs) that enhance user interaction and personalization.
Innovation Leadership
CRNC’s proprietary technologies, such as the CaLLM family of language models, differentiate it in a competitive and rapidly evolving space.
🔍 SWOT Analysis
Strengths
Market Leadership: CRNC dominates in automotive AI, particularly in voice recognition and natural language processing.
Innovative Products: Advanced AI solutions for EVs and ADAS provide a competitive edge.
Strategic Partnerships: Collaborations with NVIDIA enhance its reach and technological capabilities.
Weaknesses
High Debt Levels: A debt-to-equity ratio of 200.11% limits financial flexibility.
Net Losses: Persistent losses raise questions about profitability.
Automotive Dependency: CRNC’s performance is heavily tied to the cyclical automotive market.
Opportunities
Autonomous Vehicles & EVs: Increasing demand for AI solutions in these sectors creates significant growth opportunities.
Global Market Expansion: Emerging markets present untapped potential for advanced automotive solutions.
Diversification: AI applications in IoT sectors like smart homes and industrial automation offer diversification potential.
Threats
Technological Disruption: Rapid AI advancements could render CRNC’s current offerings less competitive.
Regulatory Risks: Increasing compliance requirements around data privacy and autonomous driving.
Economic Downturns: Cyclical risks in the automotive industry could impact demand for AI features.
📈 Investment Thesis
Bullish Case
CRNC’s market leadership in automotive AI positions it for growth in a rapidly expanding market.
Partnerships with VANTAGE:NVIDIA and others unlock new revenue streams and technological advancements.
Cost-saving measures are improving margins and supporting debt management.
Bearish Case
High debt levels pose a risk to financial flexibility, particularly in an economic downturn.
Heavy reliance on the automotive sector makes CRNC susceptible to industry-specific risks.
💡 Strategic Considerations for Investors
Investors should monitor three key metrics to evaluate CRNC’s long-term potential:
Debt Reduction: Execution of cost-saving initiatives and convertible note repurchases.
Revenue Growth: Leveraging strategic partnerships and innovation to grow top-line revenue.
Market Adoption: Gauging the pace of AI technology adoption in the automotive sector.
🚦 Final Recommendation: Moderate Buy
Cerence Inc. presents a high-risk, high-reward opportunity in the fast-growing automotive AI industry. While its debt levels remain a concern, its strategic initiatives, strong partnerships, and technological innovation make it a compelling investment for growth-focused portfolios.
REPLOY.AIThe Why:
A Ecosystem for Blockchains
RAI facilitates the development of DeFi protocols, NFT marketplaces, and tailored smart contracts.
Reploy offers the essential tools and AI support necessary for quicker and more secure development.
Create and expand blockchain applications across over 700 compatible chains.
The Reploy Editor offers genuine AI code support, featuring in-line recommendations, automatic completions, and integrated functionality within our exclusive editor.
Reploy operates entirely in the cloud, making it accessible from any device, at any location, and at any time.
It is a cutting-edge, browser-based AI-powered code editor that includes built-in code generation capabilities.
AI16Z Soars: A 48.8% Surge After Our AlertIntroduction
The cryptocurrency world has been abuzz with the rise of AI16Z, a Solana-based memecoin that combines artificial intelligence with decentralized finance. AI16Z has captured the imagination of traders and investors alike, boasting impressive utilities and a bold vision for the future of AI-led investment.
The Concept Behind AI16Z
AI16Z is the first investment DAO led by AI agents, with its operations spearheaded by the AI agent @pmairca. This cutting-edge project leverages AI and collective intelligence to redefine investment strategies in the digital age. By integrating autonomous trading, trust-based marketplaces, and a powerful data flywheel, AI16Z sets a new benchmark for what a venture capital firm can achieve in the age of artificial intelligence.
Core Utilities
1. Autonomous Trading: @pmairca uses AI16Z’s assets under management to execute precise trading strategies, enhanced by alpha insights from strategic partners.
2. Marketplace of Trust: A unique feature of AI16Z is its trust score system, which enables @pmairca to curate an order book of reliable alpha from interactions.
3. Data Flywheel: Every interaction—be it on Telegram or social platforms—feeds into a robust data ecosystem, continuously enhancing the quality of alpha and decision-making.
Technical Analysis
AI16Z’s technical performance has been nothing short of extraordinary. Over the past 30 days, the token surged by 430%, partly fueled by Binance’s decision to list it on futures contracts. This move expanded its reach and brought significant attention to the token.
However, after peaking at $2.47 on January 2, 2025, the token experienced a 10% correction, cooling off from its highs. The following technical indicators highlight key levels and potential opportunities:
- Fibonacci Retracement: The 38.2% retracement level aligns with the $1.70 mark, a critical support zone that many traders view as a potential buy zone.
- RSI Indicator: Currently at 57.72, the Relative Strength Index signals a potential price reversal, suggesting the token could rebound in the near term.
- Price Projections: With strong support at $1.70 and resistance between $2 and $4, the token has room for further growth if market conditions remain favorable.
Market Activity:
AI16Z’s 24-hour trading volume stands at an impressive $668,690,471, marking a 64.90% increase and indicating heightened market interest. With a market capitalization of $2.25 billion, AI16Z is ranked #64 on CoinGecko, showcasing its growing prominence in the crypto space.
Similarly, From an all-time low of $0.01019 recorded in November 2024, the token has risen by an astounding 19,670.82%, underscoring its rapid ascent.
You can trade AI16Z on both decentralized and centralized exchanges. The most active trading pair, AI16Z/SOL, can be found on Raydium, with a 24-hour trading volume of $154,883,565. Other notable platforms include KuCoin and Orca, offering traders multiple avenues to engage with this token.
Conclusion
AI16Z is more than just a memecoin; it represents a bold step into the future of AI-driven investments. With its innovative utilities, strong technical indicators, and growing market activity, AI16Z has established itself as a standout player in the crypto ecosystem. As the singularity approaches, AI16Z’s mission to guide the evolution of AI and investment promises to reshape the landscape of venture capital.
For traders and investors, the current retracement offers a compelling entry point, while the long-term vision of AI16Z continues to inspire confidence. Whether you’re a seasoned trader or a curious observer, AI16Z is undoubtedly a token to watch in 2025.
AI: The Future, and NVIDIA’s Crown !Artificial Intelligence? isn't just the next big thing—it's the thing.
The stock market? It’s not always about valuation—it’s about vision. Investors flock to what’s sexy and transformative, and AI is just that. NVIDIA's high profit margins and dominant position make it the clear winner. Yes, the stock might look expensive on paper, but the market rewards growth, potential, and leadership in the next frontier.
AI is the future, and NVIDIA is writing the playbook. Fundamentals matter, but in this era, the narrative of being the leader in a groundbreaking field is what drives the market.
Not a financial advice.
$PLTR Trade Idea If You Missed Our 1000% EntryAbove $69, $108 is our next target. There is room for an entry over $69, but we want to see it come down and consolidate first. Palantir will be the industry leader for the next decade. We can see investors are still putting money in as Palantir’s stock is holding up strongly during every market pullback. Shay and Quench have already taken some profit but still hold core positions.
This is a trade idea for those who missed our entries at $7.60, $10.80, $17, $21.79, and $45:
Entry: Wait for retest of support at $69 after at least a few days of consolidation
Target 🎯: $108
Don't FOMO into $EOSE, Be a LION and wait for your moment! NASDAQ:EOSE 🔋🪫
Another BANGER from Charturday!
I've adjusted the CupnHandle Breakout as it's now right at the Measured move of the Bull Flag breakout while also being at prior wick high.
IMO this is not a good entry and would be considered chasing. I'm going to wait for the Wr% to peel off the Williams CB red barrier and look for support to form and enter then.
If it doesn't happen and continues to run it's OKAY! You can't have endless plates or delicious HAM or PIE during the Holidays! The same goes for the stock market friends!
Not financial advice.
C3.AI is allergic to $35! 55% UPSIDEC3.AI - NYSE:AI 🤖
All the bad news, downgrades, and FUD!
THEY STILL CAN'T GET THIS NAME UNDER $35!
5 WEEKS in a row of wicking off of $35 friends!
DO I REALLY NEED TO TELL YOU HOW BULLISH THAT IS OR CAN I STOP USING ALL CAPS BC YOU GET IT!
🎯$39🎯$46🎯$49🎯$58
Not financial advice
PAI Parallel AI spotted something when messin' with Fib EXTFollowers know I am bullish as all get out on PAI, They can take any current computer language program today, run it thru the Parallel-izer AI and then it will execute running in a parallel format and therfore use less GPU Space and time, only $80 Mil M/C and Fully Diluted. No one else has this tech on the blockchain. $2-$4 bILLION M/C is possible,
I drew a Fib Extension in white and left in the trend line(dashed) and on the 6 hr PAI is breaking out of a down trend, and just re-tested it. Now for a run, but do watch out for a lower high, If that happen PAI would form a Head and Shoulders to the down side.
Get in now and ride the train! ATH 1.19 currently .80c
$AMD: The AI Challenger Closing 2024 Strong
Introduction
AMD’s 2024 journey has been marked by strong performance in AI and gaming, backed by solid product launches and strategic moves.
📈 As the year ends, AMD’s MI300 series has crossed $5 billion in data center GPU revenue, setting the stage for further growth in 2025.
💡 But is this momentum enough to solidify AMD as a long-term investment opportunity? Let’s explore. 🔍
Key Insights
1. Financial Highlights 💵
Stock Price: $119.21 (+0.28% today).
P/E Ratio: 45, showcasing high growth expectations.
Revenue Growth: +18% YoY in Q3, driven by data centers and gaming. 🎮
Note: While AMD’s valuation appears stretched compared to historical norms, its forward-looking growth potential justifies a deeper look. 👀
2. AI Market Expansion 🤖
MI300 Series Success: AMD’s data center GPU revenue surpassed $5 billion in 2024, boosted by adoption across cloud providers and enterprises. ☁️
Future Pipeline: The MI325X is set to launch in late 2024, and the MI350 series is planned for 2025. These products aim to strengthen AMD’s position in AI computing.
Analysis:
The global AI market, projected to reach $1 trillion by 2030 🌍, presents immense growth opportunities. AMD’s investment in AI-focused products and partnerships positions it well to capture a meaningful share of this expanding market. 🚀
3. Gaming and Esports Stability 🎮
Revenue: Gaming contributed $1.5 billion in Q3 (+4% YoY).
Growth Drivers: Ryzen CPUs and Radeon GPUs remain popular for gaming rigs, while console upgrades and esports continue to fuel demand.
Takeaway: Gaming remains a consistent revenue stream for AMD, complementing its more volatile AI and data center segments. 💻
4. Competitive Positioning ⚔️
Against Nvidia: AMD’s MI300 series competes in performance and adoption but remains a challenger to Nvidia’s dominance.
Against Intel: AMD continues to outpace Intel in CPU performance and market share growth, reinforcing its reputation as a reliable competitor. 🏆
5. Undervaluation Potential 📊
AMD trades below key moving averages, suggesting a potential opportunity for long-term investors.
Forward P/E could drop to 30 if 2025 earnings grow as projected, aligning with value-focused investment strategies. 📉➡️📈
What’s Next? 🔮
With 2024 closing on a strong note, AMD’s focus shifts to executing its 2025 product launches and capitalizing on AI market growth. Whether you see AMD as undervalued or overvalued depends on your confidence in its ability to sustain this momentum. 🧠
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult a professional before making investment decisions. 📢
Strategy 2025. Introducing Palantir, BTC Killer Of The Year 2024It's gone 3 months or so since Palantir stock has joined on Friday, September 20 Stock Top Club, also known as S&P 500 stock index SP:SPX .
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 Index.
This inclusion, as well as Dell (DELL), came after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier in this year 2024.
Since that, Palantir stock became the best (i.e. #1) S&P500 index performer this year, with current +375% YTD return in 2024, being highlighted at 80.55 USD per share - the new all the history peak reached last Friday, December, 19 at regular session close.
What is most important also, even recent Federal Reserve (The US Central Bank) hawkish projections on monetary policy in 2025 were not able to stop the only game in the city, or even make a pause on Palantir leadership.
Since Palantir stock is rallying 7th month in a row, the stalkers remain decently far away, swallowing the galactic dust of Palantir shares.
Judge for yourself.
One of the nearest pursuer, Nvidia Corporation NASDAQ:NVDA (# 4 out of all S&P500 index performers in 2024) is nearly to finish the year of 2024 with +170% return, i.e. lagging against Palantir behind twice.
The quite similar things happen with the most popular and heavy c-coin, also known as Bitcoin BITSTAMP:BTCUSD that is currently +130% YTD return in 2024.
What is most important also, Palantir stock outperforms both - S&P500 index, Nvidia Corp. and Bitcoin 7th straight month in a row.
In human words that means, Palantir stock monthly returns (every single month from May to December 2024) were better against each of mentioned above assets.
What is Behind this?
On November 4, 2024 Palantir Technologies has announced financial results for the third quarter ended September 30, 2024.
“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,” said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc.
Q3 2024 Highlights
• U.S. revenue grew 44% year-over-year and 14% quarter-over-quarter to $499 million
• U.S. commercial revenue grew 54% year-over-year and 13% quarter-over-quarter to $179 million
• U.S. government revenue grew 40% year-over-year and 15% quarter-over-quarter to $320 million
• Revenue grew 30% year-over-year and 7% quarter-over-quarter to $726 million
• Closed 104 deals over $1 million
• Customer count grew 39% year-over-year and 6% quarter-over-quarter
• GAAP net income of $144 million, representing a 20% margin
• GAAP income from operations of $113 million, representing a 16% margin
• Adjusted income from operations of $276 million, representing a 38% margin
• Rule of 40 score of 68%
• GAAP earnings per share (“EPS”) grew 100% year-over-year to $0.06
• Adjusted EPS grew 43% year-over-year to $0.10
• Cash, cash equivalents, and short-term U.S. Treasury securities of $4.6 billion
• Cash from operations of $420 million, representing a 58% margin and $995 million on a trailing twelve month basis
• Adjusted free cash flow of $435 million, representing a 60% margin and over $1 billion on a trailing twelve month basis.
Is the stock growth fundamentally deserved? Definitely, "Yes".
Palantir stock Alpha
What is Alpha?
Alpha (a) is a term used in investing to describe an investment's ability to beat (outperform) the market, or its “edge.” Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, or any other asset (even against simple sitting in a cash) when adjusted for risk.
The main graph represents a comparison across Bitcoin and Palantir stocks. Since Palantir outperforms BTC twice over the past 12 months (watch lower "percent bar chart" subgraph), so why isn't to continue the play, by staying in a long with Palantir, and kill "the new oranges" respectively.
$NEAR Price Potential? Price Predictions That Will Surprise YouI was analyzing with the trend-based Fibonacci extension, looking for similar setups of significant price movements. In 2021, we can see that after that big dip, CRYPTOCAP:NEAR only reached the 1.0 level of the Fibonacci extension, which is a conservative or decent level. So, if we overlay the same retracement, we get a target of $40-$42. I think that's a decent return and definitely possible in the upcoming 90 days, which is usually how long the alt season lasts.
However , the AI narrative is quite big right now, and CRYPTOCAP:NEAR is the leading AI cryptocurrency at the moment. This could potentially help it reach the 1.618 level, or the blue zone, which is $66. If we take the average of the conservative price and the blue zone price, we get $53.
I would suggest taking profit at $35-$42 if you want to be conservative and $53-$66 if you're seeking more upside movement but are willing to take on more risk.
MarketCap needed for both prices:
40USD×1.22B CRYPTOCAP:NEAR =48.8BUSD
53USD×1.22B CRYPTOCAP:NEAR =64.66B USD
It's definitely doable in the Bullrun we're gonna have, CRYPTOCAP:NEAR is a great project but remember to DYOR !
Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA