What's Going On With Palantir & Oracle Shares After They Inked Partnership?
Portfolio Pulse from Nabaparna Bhattacharya
Palantir Technologies Inc. (PLTR) and Oracle Corporation (ORCL) have entered into a partnership to provide secure cloud and AI solutions globally. Palantir will move Foundry workloads to Oracle Cloud Infrastructure and make its Gotham and AI Platforms deployable across Oracle's distributed cloud. The collaboration aims to optimize data value and competitive edge for businesses and governments. PLTR shares rose by 3.95%, while ORCL shares increased by 0.57%. Investors can gain exposure to PLTR and ORCL through ETFs like DAT, SHLD, IGV, and CLOD.
April 04, 2024 | 1:47 pm
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Investors can gain exposure to Oracle's stock through Themes Cloud Computing ETF (CLOD).
CLOD is identified as an ETF for investors wanting to invest in Oracle, indicating potential increased interest and investment in CLOD due to Oracle's positive stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Investors can gain exposure to Palantir's stock, which has gained over 180% in the past year, through ProShares Big Data Refiners ETF (DAT).
The mention of DAT as a means to gain exposure to Palantir's stock suggests a potential increase in investor interest in this ETF, especially considering Palantir's significant stock performance over the past year.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Investors can gain exposure to Oracle's stock, which has gained over 35% in the past year, through iShares Expanded Tech-Software Sector ETF (IGV).
IGV is mentioned as a vehicle for investing in Oracle's stock, suggesting a potential increase in investor interest in this ETF, especially given Oracle's solid stock performance over the past year.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Oracle's collaboration with Palantir to offer cloud and AI solutions has contributed to a 0.57% rise in its shares.
Oracle's partnership with Palantir enhances its cloud and AI offerings, potentially expanding its market reach and strengthening its position in the cloud services sector, which is reflected in the positive movement of its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Palantir's partnership with Oracle to provide cloud and AI solutions and move Foundry workloads to Oracle Cloud Infrastructure has led to a 3.95% increase in its shares.
The partnership with Oracle, a major player in cloud infrastructure, is a significant development for Palantir, likely leading to increased investor confidence and a positive outlook on the company's future growth and expansion in cloud and AI solutions.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Investors can gain exposure to Palantir's stock through Global X Funds Global X Defense Tech ETF (SHLD).
SHLD is highlighted as another ETF for investors looking to gain exposure to Palantir, indicating potential increased interest and investment in SHLD due to Palantir's positive market performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70