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Palantir Soars on Sky-High 2026 Revenue Forecast
3 Feb
Summary
- Palantir's 2026 revenue forecast significantly exceeded Wall Street expectations.
- Oracle is issuing $25 billion in bonds to fund AI infrastructure.
- Walt Disney shares dropped after a tepid growth forecast and leadership questions.
Palantir Technologies is poised for significant growth, with its fiscal year 2026 revenue forecast, estimated between $7.18 billion and $7.2 billion, substantially exceeding market expectations. The company also anticipates approximately $1.53 billion in sales for the current quarter, building on a 70% revenue increase to $1.41 billion in the fourth quarter.
In parallel, Oracle is undertaking a substantial financial maneuver, issuing $25 billion in investment-grade bonds. This move is aimed at financing the infrastructure crucial for its artificial intelligence initiatives. The company is also bolstering its capital through equity-linked securities and common stock offerings, which is seen favorably by investors given concerns about its debt.
Conversely, Walt Disney's stock faced a downturn, experiencing its largest intraday drop since November. This decline followed the entertainment giant's subdued growth forecast for the current period, while the market awaits clarity on its upcoming leadership.
