00:00It's Benzinga bringing Wall Street to Main Street
00:02Palantir Technologies' shares jumped 3% Wednesday after Rosenblatt said the Federal
00:07Aviation Administration's AI rollout could still benefit the company even after it lost
00:11an $875 million modernization contract.
00:15According to Benzinga, analyst John McPeak reiterated a buy rating and $225 price target
00:21as the FAA began deploying its smart air traffic management system.
00:25Airspace Intelligence won the 12-year contract, but McPeak pointed to Palantir's existing
00:30FAA foothold.
00:31The agency first selected Palantir Foundry in 2021 and said this year that Palantir was
00:36the only vendor able to integrate with existing systems without major new development.
00:40Michael Burry added to his bearish Palantir bet while also shorting Micron, Nebius, and
00:45the iShares Semiconductor ETF as he continued questioning Palantir's valuation and accounting.
00:50Shares traded at $190.67 Wednesday.
00:53For all things money, visit Benzinga.com.
