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NVDA Stock In Buy Zone As Top Funds Drive AI, Metaverse Demand

With AI and the metaverse driving demand for Nvidia among top mutual funds, NVDA stock is in buy zone after soaring on earnings. Read More...

Reuters

Palantir cuts around 2% of its workforce

Palantir, known for its work with the U.S. Central Intelligence Agency, had 3,838 full-time employees as of Dec. 31, 2022. The company’s finance chief David Glazer earlier this month told Reuters Palantir had reduced employees’ stock-based compensation and cut back on cloud expenditure in recent months in response to lower spending from recession-wary businesses. Earlier this month, Palantir had also said it expects 2023 to be the company’s first profitable year as it benefits from cost cuts and the artificial intelligence boom.

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