Jim Cramer remains bullish on Palantir despite an 8% post-earnings decline, citing its complex business model and strong long-term growth prospects driven by AI. He believes the sell-off reflects Wall Street's fixation on speculative tech stocks rather than company fundamentals, and he maintains confidence in Palantir's future, although current analyst ratings suggest a hold with limited downside potential.
CoreWeave's Q2 earnings exceeded revenue expectations but reported a larger-than-expected loss, leading to a 20% stock decline amid lock-up expiry concerns. Despite volatility, the company's strong revenue backlog and key partnerships suggest long-term AI growth potential, making it a possible buy-the-dip opportunity for risk-tolerant investors.
Super Micro Computer's Q4 earnings and guidance disappointed investors, leading to a 16% stock decline, despite optimistic long-term revenue forecasts driven by AI server demand and global expansion.
Concerns over China's property sector resurfaced as obstacles to China Evergrande Group's debt restructuring plan and a court order for winding up China Oceanwide Holdings rattled investors. Evergrande, the world's most indebted developer, has been seeking creditor approval for an offshore debt restructuring after defaulting in 2021. However, an ongoing investigation into its main domestic subsidiary has prevented Evergrande from issuing new debt. The latest developments have dashed hopes of a meaningful recovery for Evergrande debt holders, but liquidation is unlikely as the government prioritizes the timely delivery of pre-sold homes. The setbacks in Evergrande's restructuring plan add to the growing list of winding-up petitions against Chinese developers, exacerbating the liquidity crunch in the sector.
