ARK Invest Increases Palantir Holdings Amid Market Volatility
- Portfolio Adjustment: ARK Invest acquired 85,485 shares of Palantir valued at approximately $11.15 million during April 10-11, 2026, distributed across five ETFs, indicating a strategic pivot towards artificial intelligence software platforms.
- Semiconductor Reduction: Concurrently, ARK divested 44,446 shares of AMD totaling roughly $10.52 million, reflecting a shift away from semiconductor hardware investments towards sectors with higher growth potential.
- Market Volatility Impact: Palantir's stock faced significant headwinds, declining approximately 2% on Friday after a 7% drop the previous session, partly due to Michael Burry's comments labeling its valuation as a “bubble.”
- Divergent Analyst Opinions: While Burry's pessimistic view exists, Wedbush analyst Daniel Ives maintains a Buy rating on Palantir with a $230 price target, highlighting a 137% increase in U.S. commercial revenue as evidence of the company's enduring competitive advantages.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0136 | 0.0156 | 0.0176 | 0.0196 | 0.0216 | 0.0236 | 0.0256 |
| Fibonacci | 0.0156 | 0.0171 | 0.0181 | 0.0196 | 0.0211 | 0.0221 | 0.0236 |
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