Market Moves: AI Gains for Palantir, Blocks Surge, Nikes China Initiative, Sonys PlayStation Teasers

1. Palantir Technologies (NYSE: PLTR)
Palantir Technologies dipped mildly by -2.55%. Wedbush is optimistic about Palantir Technologies' AI profitability prospects, projecting significant market value increase. In 2023, Palantir's revenue rose 16.75% to $22.25 billion. Mizuho downgraded Palantir to "underperform" but raised its price target to $22.00.

2. Block (NYSE: SQ)
Block dipped mildly by -2.58%. Block saw a transaction volume of $9.09 billion on July 18, a 110.77% increase. William Blair upgraded Block to Outperform. On July 17, Block disclosed insider transactions with executives selling shares. Deutsche Bank maintained a Buy rating with a target of $98.00.

3. Vertiv Holdings (NYSE: VRT)
Vertiv Holdings dipped mildly by -2.59%. Vertiv Holdings reported a transaction value of $11.44 billion on July 18, 2024. Significant changes in beneficial ownership of securities were also documented, attributing to its influence in the "AI+research" innovation. An annual report on employee stock purchase and similar plans was filed.

4. Nike (NYSE: NKE)
Nike dipped mildly by -2.62%. A group of top U.S. business executives, including those from Nike, will visit Beijing to meet Chinese officials, coordinated by the U.S.-China Business Council. Amway Vietnam's subsidiary passed Nike's lab certification, enhancing their partnership in Southeast Asia.

5. Sony Group (NYSE: SONY)
Sony Group dipped mildly by -2.71%. Sony will showcase PlayStation at ChinaJoy, allowing on-site gameplay. Leaked concept art suggests a new first-party game possibly developed by Naughty Dog. Sony will increase prices for electronics in Japan by 10% starting August 1 due to rising costs. PS5 Pro expected to be revealed this year, possibly at September's TGS.