Palantir surges on Nasdaq while Toyota raises full-year forecast
Palantir shares surged by more than 20 percent on Nasdaq, while Toyota raised its full-year outlook despite reporting a fifth consecutive quarterly profit decline.
American artificial intelligence company Palantir Technologies saw its stock surge by over 20 percent on Nasdaq, passing a key valuation milestone following strong market demand.
Meanwhile, Japanese automaker Toyota, the world's largest car manufacturer, reported a drop in quarterly profit for the fifth consecutive quarter. Despite the continued decline in profit, Toyota raised its full-year earnings forecast, signaling resilience in sales and operational adjustments amid global automotive market headwinds. Both market updates reflect shifting investor sentiment across global tech and manufacturing sectors following recent quarterly financial reporting.
Sources: Dagens Industri, Svenska Dagbladet, Sydsvenskan
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