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Palantir Enters the S&P 500 Like ‘I’m Here to Hack the Stock Market
Alright folks, buckle up because we've got some spicy stock action in the world of tech, and when I say "spicy," I mean the kind of spice that would make even Cookie Monster swap his cookies for Bitcoin!
First up, Dell Technologies. Yes, that same company you might remember from the early 2000s with their “Dude, you're getting a Dell” commercials. Well, Dell's stock just got a nice little bump, up 3.81%. Why? Because they’re about to join the cool kids’ table – the S&P 500. You know, the stock market’s equivalent of getting invited to the Met Gala. Now, let’s be real, Michael Dell isn't just any regular billionaire – this guy casually tweets about Bitcoin like it's the latest episode of *The Bachelor.* Apparently, he finds Bitcoin “fascinating,” but honestly, who wouldn’t be fascinated by a currency that feels like playing blackjack with Elon Musk?
Speaking of fascination, let's talk about Palantir, the tech company that sounds like something straight out of Lord of the Rings. Their stock is soaring 14% because, surprise surprise, they're also joining the S&P 500. Peter Thiel, Palantir’s founder, and part-time supervillain lookalike, isn't just fascinated by Bitcoin – his venture fund made nearly $2 billion from it. That’s right, Thiel’s wallet is so big it could buy an island… or maybe a few.
Now, some folks are even speculating that Dell and Palantir might start stuffing their balance sheets with Bitcoin. I mean, it’s 2024 – if your company isn’t throwing crypto into the mix, are you even trying?
Meanwhile, Bitcoin itself is trading at $57,200, probably making everyone who sold it at $30K cry into their avocado toast. Oh, and just in case you thought the tech world couldn't get any wilder, there's also talk that Trump might be dabbling in the crypto game next. Because, of course, he is. What's next, a TrumpCoin? Don’t laugh – it could happen!
So folks, whether you’re hodling, trading, or just trying to figure out how Dell and Palantir fit into all this, one thing's for sure – the world of tech is getting as unpredictable as a season finale of *Game of Thrones* … minus the dragons. Or are there dragons?
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Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Geronimo Gonzales : Great info !
Banana Milk : You mean buy spice for bitcoin haha
hi!
BullBearHenry : S&P 500 index and many other S&P indices are adjusted on a scheduled basis. In the case of S&P500 of its 500 component stocks, it is scheduled quarterly in mid Mar, Jun, Sep & Dec. Approximately early of those months, S&P will announce the additions and deletions of the component stocks making up the index. Additions will get a boost on its price while deletions will get a knockdown on its price. This is because many funds and index tracking ETFs, will need to buy stocks of those additions to re-balance their portfolio and sell stocks of those deletions too. Thus when announcement comes, those affected stocks will get their price gaps up or down immediately.