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Generative AI Surge Leads Analyst to Downgrade Palantir Technologies Stock

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San Francisco, California – A data analytics software company, Palantir Technologies, received a downgrade from an analyst on Thursday due to concerns about its inflated valuation amidst increased excitement around generative artificial intelligence. Following the news, Palantir’s stock experienced a decline in early trading. Analyst Brian White from Monness, Crespi, Hardt & Co., downgraded Palantir’s stock from neutral to sell, citing the company’s steep valuation driven by the generative AI hype cycle. He expressed concern …

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Credit Rating Downgrade Rocks New York Community Bancorp – Stock Plunges 26% – Find Out Why!

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In New York, NY, New York Community Bancorp faced a credit downgrade by Fitch Ratings, which categorized the bank’s credit grade as junk. Moody’s Investors Service followed suit with an even further reduction in rating after the commercial real estate lender revealed significant weaknesses in its loan risk management processes. Fitch lowered the bank’s long-term issuer default rating to BB+ from BBB-, just one step below investment grade, on Friday. Concurrently, Moody’s downgraded the bank …

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