Cathie Wood Makes Surprise $51 Million Bet on 2 Growth Stocks

Peter Zaffino will leave AIG as executive chairman on Sept. 15 to join Palantir as global head of financial services in January. John Rice, AIG's lead independent director, will succeed Zaffino as chairman. Zaffino led AIG's turnaround efforts since 2017. AIG and Palantir announced the changes.

AST SpaceMobile (ASTS) and Planet Labs (PL) rose 12% and 5% respectively, following Berenberg's initiation with $92 and $25 price targets. Analyst Michael Filatov cited unique positions in space. ASTS is up 11% to $62.36, PL up 5% to $20.14. Planet Labs reports earnings September 3.

Palantir Technologies (PLTR) shares fell 3.6% to $173.38 in morning trading, retreating from a recent high of $186.38. The decline follows a 48% surge since early August, driven by strong Q2 earnings but now facing profit-taking and institutional selling, including ARK Invest's reduction of its position. The stock remains above consensus price targets, making it sensitive to sentiment shifts. The broader market is slightly positive, indicating the drop is stock-specific. Palantir recently won a

Berenberg initiated coverage of the space sector, rating Rocket Lab, AST SpaceMobile, Planet Labs, and HawkEye 360 as Buy, and Avio SpA as Hold. Analyst Michael Filatov expects the space economy to exceed $1 trillion by 2030, driven by falling launch costs and defense spending. Price targets were set at $83 for Rocket Lab, $92 for AST SpaceMobile, $25 for Planet Labs, and $24 for HawkEye 360, while Avio SpA was given a €33 target.

Palantir (PLTR) reported Q2 2026 revenue of $1.935B, up 93% YoY, with EPS of $0.41. The company raised full-year revenue guidance to $8.15B-$8.158B, implying 82% YoY growth. Analysts have updated price targets, with Citi's at $245, offering 32% upside. PLTR stock is up 18% in the last 12 months, with a recent 50% gain in a month.

Baird reiterated an Outperform rating on Palantir (PLTR) with a $200 price target, citing its ontology as a competitive advantage. The firm believes Palantir can capitalize on open weight models and sovereign AI demand. However, concerns remain about the durability of its moat and the lack of verifiable sovereign AI growth data. Hedge fund interest in Palantir has declined slightly, with short interest at 3.14% of its float.