Closing Bell: Palantir Earnings, Amazon Continues Gains, Cipher Mining Signs with Amazon
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Closing Bell: Palantir Earnings, Amazon Continues Gains, Cipher Mining Signs with Amazon
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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.
On this episode of Stock Movers:
- Amazon (AMZN) was up 4% at the close. Analysts raised price targets after Amazon reported earnings last week. Amazon's gains continued today after the tech giant’s cloud unit signed a $38 billion deal to supply OpenAI with Nvidia graphics processing units as part of a seven-year deal.
- Cipher Mining (CIFR) closed 22% higher, after a deal signed with Amazon. The company signed a $5.5 billion, 15-year lease agreement to provide turnkey space and power for AI workloads. The firm also reported adjusted earnings per share for the third quarter that beat the average analyst estimate.
- Palantir rose as much as 4% in afterhours trading on its earnings report. Palantir Technologies raised its annual revenue outlook to $4.4 billion and outpaced analyst estimates for third-quarter sales, citing “accelerating and otherworldly” growth for its artificial intelligence and data analytics products.
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