Top Tech Stocks to Watch: Palantir-Microsoft Partnership, Blocks Insider Buys, and Sonys Strategic Shift

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Bank of America identifies companies like Amazon, Netflix, and Palantir as top tech stocks worth buying. Wedbush Securities highlights Microsoft's and AMD's results alleviating AI monetization concerns, and notes Palantir's AI platform could benefit significantly from a new collaboration with Microsoft.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block disclosed two insider transactions on August 8, 2024. Director Roelof Botha bought 313,100 shares on August 6, 2024. Block's midyear report showed revenues of $12.11 billion and net income of $661 million as of June 30, 2024.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings announced Q2 2024 financials with $35.92 billion revenue, 10.34% YoY increase, $1.72 billion net profit, and $0.46 EPS. Mizuho upgraded to Outperform with a $92 target price. Insider David Fallon bought 952 shares. Goldman Sachs maintains Buy with a $104 target price.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. Nike has suspended online sales in Turkey to address increased cross-border e-commerce tariffs. Former Nike executives criticized current CEO amid significant market value decline. Nike had signed endorsements with athletes like Zheng Qinwen before the Paris Olympics.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony's new strategy, emphasizing entertainment, music, and gaming, has driven growth despite challenges facing its hardware business. Significant developments include the success of the PS5, launching 5 new games, and PSVR 2's PC adapter issues. Sony also canceled "The Last of Us 2" multiplayer project.