Palantir just won the Army and lost Michael Burry

BigBear.ai Holdings (BBAI) rose 5% to $2.41 after announcing over $225M in federal contract awards since July. The AI defense software company secured deals across homeland security, defense, and intelligence sectors. Despite the gain, shares are down 55% year-to-date. Palantir (PLTR) and Ambarella (AMBA) shares declined 0.6% and 0.9%, respectively.

Palantir (PLTR) will supply AI services to Regna AI, a new Ondas-backed firm, and expand its SkyWeaver C4I into a sovereign AI venture. PLTR shares reached a record high after a 10.8% weekly gain. The company will report Q3 2026 results on Nov. 2. PLTR's CTO commented on the Maven platform's role in a recent strike.

Datadog (DDOG) stock hit an all-time high of $300.68 as investors focus on AI and cloud infrastructure monitoring. RBC Capital raised its price target to $320, citing strong Q2 results and AI demand. DDOG, PLTR, and DT stocks have risen 17% to 111% year-to-date. Retail sentiment remains bullish.

Palantir Technologies (PLTR) received positive ratings from Barclays and Goldman Sachs, citing its growth potential in government and commercial sectors. Shares rose 12% in October, up 18% for 2026. The company's AI-driven software and defense contracts support its investment case, though valuation concerns remain.

Gorilla Technology Group (GRRR) shares fell 9% to $10.18, extending a 29% drop over the past month, as its data center pivot faces market skepticism. The company aims to acquire its first U.S. data center, targeting a November close. BigBear.ai (BBAI) and Palantir (PLTR) also saw declines, but less severe. Gorilla's market cap is $279.2M, with concerns about funding and customer concentration.

Baird raised Palantir Technologies' (PLTR) target price to $250 from $200, citing AI sector shifts. GuruFocus values PLTR at $185.92, 10.9% below its current price of $206.13, with a GF Score of 82/100. Insider selling totaled $100.78M in the past three months.