AI Growth and Upgrades: A Market Snapshot on Tech Giants

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Palantir disclosed three insider transactions on July 22, 2024, with executive Glazer David A. selling 90,000 shares on July 18, 2024. Wedbush analysts are optimistic about Palantir Technologies' AI-driven profitability, predicting its market cap may double. The company's 2023 revenue was $2.225 billion, a 16.75% increase.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Macquarie maintains its Outperform rating on Block with an unchanged price target of $100. William Blair upgrades Block to Outperform. Deutsche Bank maintains its Buy rating on Block, raising the price target to $98. Block reported Q1 2024 revenue of $5.957 billion.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Goldman Sachs maintained its Buy rating for Vertiv Holdings with a target price of $104. Vertiv Holdings reported Q1 fiscal 2024 revenue of $1.639 billion, up 7.76% YoY, and a net loss of $59 million. Vertiv Holdings ranked first in the Chinese UPS market for 16 consecutive years.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. TD Cowen maintains hold rating on Nike, lowers price target to $71. Nike's 2024 annual report shows revenue at $51.362 billion, a 0.28% increase year-over-year, with net income at $5.7 billion. Nike launches new "Lightning" series to support athletes.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will release the FE 85mm F1.4 GM II lens by the end of August. Additionally, Sony PS VR2 PC application will launch on Steam in August, allowing gamers to play Steam VR content with the PS VR2 headset and Sense controllers.