Palantir stock fell over 4% to $72.67 amid profit-taking as it prepares to join the Nasdaq 100 on December 23. Despite a remarkable 300% increase this year, analysts caution against chasing the stock due to its high valuation and significant gains above key moving averages.
In Cramer's Lightning Round, Ralph Lauren is viewed positively, with expectations for its stock to rise. Vertiv's stock is cautioned against at current high levels, while SoundHound AI has recently broken out, suggesting a potential short-term gain. Robinhood is projected to reach $35, and Limbach is recommended alongside more stable options like Trane or Carrier. Skyworks Solutions may require patience for a turnaround, indicating a longer wait for investors.
Ainnova and Avant Technologies have partnered to commercialize retinal scanning technology, aiming to integrate it into primary care for early disease diagnosis. This collaboration targets lucrative markets in North America and Europe, with a vision to enhance accessibility in health services. In other developments, C3 AI has secured a new patent for its generative AI technology, while SoundHound AI has surpassed 100 million interactions with its voice ordering system. NVIDIA's xAI has built the world's largest AI supercomputer, Colossus, to train large language models, and a partnership between Anthropic and Palantir Technologies will enhance AI capabilities for U.S. intelligence agencies.
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