AI News Investors Should Not Miss

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30. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. Latest reports show that Chairman Peter Thiel has sold over $600 million worth of the company’s stock this week, bringing his total disposals this year to over $1 billion. Regulatory filings with the SEC detail that Thiel sold more than 16 million shares of the firm over the last three days of the week.

Thiel intends to sell up to 28 million shares in the company as part of a trading plan, per Bloomberg. Year-to-date, the Denver-based company — which deploys software platforms for the intelligence community — has seen its stock surge about 116%.

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