Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1215 ET – Palantir’s “main character energy” gives it an advantage in establishing high-value partnerships with customers, D.A. Davidson analysts Gil Luria and Lucky Schreiner write in a note. The company’s sense of swagger means that many customers approach it directly due to word of mouth and reputation, and that Palantir can decide which partnerships will generate the most value, the analysts write. Because the company will go deep on one customer rather than providing services for a range of competitors, it’s able to create more value and capture that upside through value-based pricing, they add. (elias.schisgall@wsj.com)

1212 ET – The testy relationship between Anthropic and the Department of Defense shows the necessity of an orchestration layer on top of artificial-intelligence models, boosting the case for Palantir, D.A. Davidson analysts Gil Luria and Lucky Schreiner write in a note. Enterprises who built businesses directly on top of Anthropic’s models could have seen a “catastrophic” disruption from the government limiting access, but Palantir can switch the models underlying its services without much friction, they write. “We believe this development removes the biggest perceived threat to Palantir – the notion that companies will go to Anthropic and OpenAI to solve their biggest problems,” the analysts write. Palantir gains 2.5%. (elias.schisgall@wsj.com)

1132 ET – Even with bitcoin pushing over the $60,000 mark, outflows from bitcoin ETFs are continuing. According to data from CoinGlass, net ETF outflows actually rose from the prior day yesterday, up to $296 million from $222.6 million previously. But sentiment is turning warmer for bitcoin and cryptocurrencies in general as 3Q begins. CoinMarketCap’s “Fear and Greed Index” poked out from “extreme fear”, rising to a reading of 22 out-of 100, which is in “fear” territory. “The first two days of 3Q tell a different story,” says CoinMarketCap in a separate note. Bitcoin is up 2.5% to $61,592, ethereum rises 5.1% to $1,699, XRP climbs 3.1% to $1.09, and solana advances 4.3% to $80.65. (kirk.maltais@wsj.com)