Track market-moving stories before they get noisy

Collaboration digitizes mortgage collateral transfer, enables touchless delivery, and brings document intelligence to secondary market execution

SAN FRANCISCO--(BUSINESS WIRE)--Snapdocs, the leading digital closing platform for the U.S. mortgage industry, today announced an initiative with BNY (NYSE: BK), a global financial services platforms company, to deliver automated, end-to-end digital mortgage collateral infrastructure.

"Our work with Snapdocs to advance eCustody capabilities modernizes mortgage collateral delivery and review, which will help reduce friction, accelerate execution, and strengthen confidence in asset quality.” —Johnny Wijaya, Head of Structured Finance, BNY

Share The joint initiative addresses one of the mortgage industry's most persistent operational gaps: collateral delivery that still relies on numerous manual handoffs between settlement, lenders, warehouse banks, and custodians, causing multi-day delays that can slow secondary market execution and erode per-loan profitability.

The solution will combine BNY’s industry leading custody capabilities and investment in next-generation infrastructure with Snapdocs' platform, including its eVault technology, and document classification and data extraction capabilities. The solution will deliver the first connected digital infrastructure for secure, touchless, and auditable collateral delivery across the secondary mortgage market.

“At BNY, we are relentlessly focused on serving clients across the mortgage ecosystem from originators, servicers and warehouse lenders to issuers and investors. As digital collateral reshapes how loans are financed and traded, we are investing in solutions designed to enable faster, more transparent, and secure asset movement. Our work with Snapdocs to advance eCustody capabilities modernizes mortgage collateral delivery and review – which will help reduce friction, accelerate execution, and strengthen confidence in asset quality,” said Johnny Wijaya, Head of Structured Finance & Document Custody Solutions at BNY.

How The Solution Will Work
The initiative will equip BNY’s clients with four core capabilities:

Purpose-built eVault & eCustody infrastructure — manages both digitally-native and imaged documents with full auditability, helping to enable secure storage and management of eNotes and other mortgage collateral.
Touchless collateral delivery — enables automatic digital transfer of collateral from lenders to BNY directly from closing, reducing the costs, delays and risks from fragmented, manual handoffs.
Document intelligence — classifies collateral documents and extracts data to automate QC and certification, surface portfolio insights, and supports real-time risk surveillance.
Designed to extend beyond mortgage collateral — The eVault infrastructure supports mortgage collateral today and is built with scalability in mind, with planned expansion into non-mortgage collateral, positioning BNY to broaden eCustody capabilities across additional asset classes.

"Managing collateral is one of the most expensive and risk-prone processes in mortgage, and until now, one of the least digitized,” said Camelia Martin, VP, Digital Collateral Strategy & Partnerships at Snapdocs. “The combination of Snapdocs' eCustody solution and document intelligence with BNY's leading-edge capabilities in custody, will create the digital infrastructure the mortgage industry has long needed. Now lenders and secondary market participants will be able to move assets faster, with complete data visibility, and without the operational drag that has plagued collateral delivery to the secondary market for decades."

What This Means For The Mortgage Ecosystem

For BNY's mortgage lender clients, the opportunity is immediate. eNotes and the vast majority of collateral can be delivered to investors digitally, either as eSigned documents or imaged wet-ink signed documents, meaning most collateral can now automatically move directly from point of execution to custodian, with integrity verified and chain of custody maintained at every step.

This also helps eliminate the manual scanning, reconciliations, and validations that physical delivery requires. In their place: digitized collateral delivery with automated validations, an immutable audit trail, and real-time visibility into delivery and receipt status — reducing cycle time, cutting per-loan operational costs, and improving profitability through faster secondary market execution.

Warehouse banks and investors can meet growing lender demand for digital collateral acceptance through BNY's turnkey eCustody solution — gaining real-time visibility into collateral data and a faster, more competitive loan acquisition process.

About Snapdocs

Snapdocs is the leading digital closing provider, connecting the people, processes, and technologies that power mortgage closings. Its AI-driven platform automates interactions among lenders, title companies, and investors from pre-closing through post-close. Paired with white-glove customer service and connectivity to the industry’s largest settlement and notary networks, Snapdocs makes closings fast, accurate, and efficient. For more information, visit www.snapdocs.com.

About BNY

BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

The White House announced on Wednesday Trump Accounts will drop a mobile app to track investments placed into children's accounts as part of the administration's new initiative.

"TOMORROW: Trump Accounts, on your phone," the White House wrote in an X post. "Manage everything. Watch the growth. All in ONE place."

The Wall Street Journal first reported account activation will begin for those who have already enrolled. 

The app, which was designed by Joe Gebbia and National Design Studio in partnership with BNY and Robinhood, can be downloaded through Apple or Google starting Thursday.

It will feature eight exclusive financial literacy modules that families can immediately access, an initiative that officials told FOX Business is a top priority for Treasury Secretary Scott Bessent.

The Trump Accounts app will feature eight exclusive financial literacy modules that families can access before the July 4 rollout. (U.S. Department of the Treasury / Fox News)

HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: 'A FINANCIAL STAKE IN THE FUTURE'

The initiative, which debuted in January, is a provision of the new tax legislation that will dole out $1,000 to every newborn U.S. citizen whose parents enroll them in the program.

No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in American companies in the stock market.

At age 18, without any additional contributions, it is estimated a child's account will be worth $5,800. By age 55, a child's account without any additional contributions will reach roughly $200,000.

US President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. (Valerie Plesch/Bloomberg via Getty Images / Getty Images)

NEW TRUMP ACCOUNTS PITCHED AS TAX-SEASON GATEWAY TO BUILDING WEALTH

With a $5,000 contribution each year, an account will be worth nearly $304,000 by the time the child turns 18, or $2.7M by the time the child reaches 55.

"For the first time ever, we're going to give every newborn American child a financial stake in the future," President Donald Trump said during an event announcing the program in January. "Head start life and a fair shot at the American dream, something people have talked about so much."

"Over the next 15 years, we're going to put $3 to $4 trillion of wealth into the hands of young Americans who otherwise would have really started out with nothing," he added. "… Decades from now, I believe that Trump Accounts will be remembered as one of the most transformative policy innovations of all time."

The White House announced a new app for Trump Accounts will drop on Thursday. (Trump Accounts / Fox News)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Every American child born between Jan. 1, 2025, and Dec. 31, 2028, will be eligible. Children can be enrolled when parents file their taxes.

The account will be in the child's name and parents will act as the sole custodian until they turn 18.

The program will launch July 4, coinciding with America's 250th anniversary.

June 04, 2026 08:57 ET  | Source: Canadian Banc Corp.

TORONTO, June 04, 2026 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the “Company”) is pleased to announce it has completed the overnight offering of Preferred Shares (TSX: BK.PR.A) of the Company. Total gross proceeds of the offering were $103.3 million.

The Preferred Shares will begin trading on the Toronto Stock Exchange under the existing symbol of BK.PR.A.

The offering was led by National Bank Financial Inc.

The net proceeds of the offering will be used by the Company to invest in a portfolio consisting primarily of six publicly traded Canadian Banks as follows:

Bank of MontrealCanadian Imperial Bank of CommerceRoyal Bank of CanadaThe Bank of Nova ScotiaNational Bank of CanadaThe Toronto-Dominion Bank
The Company’s Preferred Share investment objectives are to:

provide holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 1.50% (minimum annual rate of 5.0% and maximum annual rate of 8.0%) based on original $10 issue price; and on or about the termination date, currently December 1, 2028 (subject to further 5 year extensions and it has been extended in the past) to pay holders the original $10 issue price of those shares. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus supplement to the Company’s short form base shelf prospectus dated June 18, 2025, before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available on SEDAR+ at www.sedarplus.com.

Investor Relations:  1-877-478-2372
Local:  416-304-4443
www.canadianbanc.com
[email protected]

Philadelphia, Pennsylvania, April 23, 2026 (GLOBE NEWSWIRE) -- FreedomPay, a global leader in Next Level Commerce™ technologies, today announces the launch of FreedomPay’s app for BigCommerce, a ready-to-use payment integration now available on the BigCommerce Marketplace. The FreedomPay plugin enables BigCommerce merchants to securely accept card and alternative payment methods, simplifying the checkout experience and reducing the administrative and technical demands of payment security compliance.

For merchants, payment friction is a commercial barrier. The FreedomPay app for BigCommerce removes it. The pre-certified, out-of-the-box integration is designed to allow merchants to benefit from:

Fast time to market with pre-built, certified integrationsReduced PCI scope through hosted or embedded checkout optionsConsistent payment capabilities across platformsLong-term flexibility without rebuilding integrations "Merchants should not have to choose between payment security, compliance and speed to market. They should be able to have all three," said Kevin Carson, SVP, Global Business Development at FreedomPay. "Our new BigCommerce Plugin brings the full capabilities of our Next Level Commerce™ platform to a new generation of online merchants, removing the complexity traditionally associated with payment integrations and giving businesses the freedom to focus on what matters most: their customers."

The plugin supports a broad range of payment methods across multiple channels. This ensures merchants can meet the evolving demands of today's digital shoppers. Backed by FreedomPay's world-class security infrastructure and centralized transaction management, businesses benefit from faster time-to-market without compromising on performance, protection or flexibility.

"BigCommerce is committed to empowering merchants with tools that streamline operations and drive growth," said Michaela Weber, SVP, Strategic Business Development & GM, Payments at BigCommerce. “The integration of FreedomPay’s app on our Marketplace provides seamless, secure payment solutions designed to help businesses deliver exceptional shopping experiences and adapt quickly to the changing needs of their customers.

The FreedomPay app for BigCommerce is available now on the BigCommerce Marketplace at: https://www.bigcommerce.com/apps/freedompay/

---ENDS---

About FreedomPay

FreedomPay is the global leader in Next Level Commerce™—transforming the way businesses power payments and experiences across the world. More than a payment solution, FreedomPay is a world-class independent payment gateway engineered to simplify complexity, break down the barriers of legacy systems, and revolutionize every point of interaction—whether in-store, online, or mobile. Chosen by the leading brands across retail, hospitality, sports and entertainment, food service, healthcare and higher education, FreedomPay delivers technology strength, integration breadth, and deep expertise in global payments innovation.

As one of the first solutions in North America validated by the PCI Security Standards Council for P2PE, FreedomPay sets the gold standard for payment security, trust, and performance. With a unified technology stack, lightning-fast APIs, and integrated solutions across payments, FreedomPay gives businesses total peace of mind plus the freedom to choose any hardware provider. Move faster, act smarter, and lead markets—not chase them. www.freedompay.com

About BigCommerce

BigCommerce, powered by Commerce (Nasdaq: CMRC), is a flexible enterprise ecommerce platform built to help brands, retailers, manufacturers, and merchants of all sizes grow and innovate without compromise. In today’s era of agentic commerce, BigCommerce’s flexible, open platform architecture makes it easy for brands to scale, adapt, and connect with the tools to solve their unique business challenges without being locked into rigid systems. B2C and B2B companies across industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., Mizuno, MKM Building Supplies, SportsShoes, United Aqua Group, and Uplift Desk. For more information, please visit bigcommerce.com or follow us on X and LinkedIn.

AUSTIN, Texas, May 06, 2026 (GLOBE NEWSWIRE) -- Commerce (Nasdaq: CMRC), a data-centric provider of an open, AI-driven commerce ecosystem and the parent company of BigCommerce, today announced that BigCommerce Payments by PayPal is now available to U.S. merchants. The embedded payments solution brings payments, balances and payouts together in one place, helping merchants operate more efficiently and scale more seamlessly.

Built in partnership with PayPal, the solution integrates payment processing directly into the BigCommerce platform, enabling merchants to manage transactions, balances and financial operations from a single interface while maintaining a direct PayPal relationship.

The launch marks the next phase in a longstanding partnership between Commerce and PayPal, combining BigCommerce’s flexible, open commerce platform with PayPal’s global payments infrastructure to reduce operational complexity and improve checkout experiences.

“Payments are a critical part of the customer journey, but they’ve often been fragmented across systems,” said Travis Hess, CEO of Commerce. “With BigCommerce Payments built with PayPal, we’re giving merchants a more unified and streamlined way to manage their business, while offering the flexibility and trusted performance merchants need to grow.”

With BigCommerce Payments, merchants can:

Manage finances in one place: Access a dedicated “Money” dashboard within the BigCommerce control panel to view balances, track activity and manage payouts in real timeOffer flexible payment options: Enable PayPal, Venmo, Pay Later (BNPL), cards, Apple Pay, Google Pay and other payment methods to meet evolving customer preferencesSimplify operations: Reduce the need to switch between platforms to view key payments data and take actions like payoutsMaintain control: Have a direct relationship with PayPal while leveraging a tightly integrated BigCommerce experience “In ecommerce, simplicity matters. I don’t have time to manage complex systems, so having payments fully integrated into BigCommerce makes a real difference,” said Josh Casey, founder of RJ Nautical, one of the early adopters using BigCommerce Payments. “It’s straightforward, easy to use, and lets me stay focused on running my business.”

The embedded experience mirrors key capabilities of the PayPal dashboard while centralizing day-to-day financial operations within BigCommerce. Merchants can manage bank connections, handle top-ups and payouts, and oversee currency management without leaving the platform.

“Getting up and running with BigCommerce Payments was incredibly fast,” said Dawn Turner, owner of Indigo Fragrance. “The setup was almost instant. We’re now able to offer our customers more ways to pay, including PayPal Pay Later and Venmo, without adding complexity on our end.”

BigCommerce Payments is designed to support merchants at every stage of growth, from simplifying initial setup to enabling more advanced financial workflows as businesses expand.

“BigCommerce Payments has been easy to use and works reliably day to day,” Paul Radice, owner of Snake Head Vintage. “Having everything in one place makes it much simpler to manage our business. As we grow, it will become even more valuable to have this flexibility around how and when we access funds.”

The solution is now available to BigCommerce merchants on Retail plans in the United States, with plans to expand internationally in future phases.

Click here to learn more about BigCommerce Payments by PayPal or request a demo.

About Commerce
Commerce (Nasdaq: CMRC) empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Dell, Harvey Nichols, King Arthur Baking Co., Mizuno, Pacsun, Perry Ellis, Skechers, SportsShoes and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

BigCommerce®, the Commerce logo, and other brands are the trademarks or registered trademarks of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

Media Contact:
Brad Hem
[email protected]

Affordable Renters Insurance in West Virginia: Lemonade Launches Fast, Digital Coverage Starting at $5/Month May 07, 2026 14:42 ET  | Source: Lemonade, Inc

New York City, NY, May 07, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, has announced the launch of its renters insurance product in West Virginia. This expansion brings Lemonade’s digital, customizable coverage to renters statewide, further strengthening the company’s presence across the United States.

Lemonade Renters is designed to cover the belongings renters cherish while delivering a best-in-class customer experience. Policies start from $5 per month and are built to be flexible, allowing customers to select coverage amounts and deductibles that fit their lifestyle and budget. Based on the latest industry and Lemonade data, across the U.S., Lemonade Renters is 30 percent more affordable than the typical renters policy.

West Virginia renters can get a quote, purchase a policy, make changes, and file a claim directly through the Lemonade app. The company’s seamless digital experience enables customers to receive a quote in minutes and manage their coverage on their own terms. Approximately 40 percent of claims are handled instantly, helping customers recover quickly after covered events.

"West Virginia represents an important step in our continued U.S. growth," said a Lemonade spokesperson. "We believe renters deserve insurance that is fast, easy to understand, and designed around their needs. We are proud to bring our digital-first experience to customers across the state."

Customers may also access savings by bundling policies, installing protective devices, or choosing to pay annually instead of monthly. Lemonade partners with more than 3 million active customers and has earned recognition from organizations including Forbes, CNBC, and U.S. News and World Report for its renters insurance offering.

With the addition of West Virginia, Lemonade continues to expand its availability, reaching the majority of the U.S. population.

Frequently Asked Questions about Renters Insurance in West Virginia

What is the best renters insurance in West Virginia?
The best renters insurance in West Virginia combines affordability, strong coverage options, and an easy claims experience. Many renters look for digital-first providers that simplify the process from quote to claim. Top options like Lemonade offer customizable policies and fast, app-based service that stands out in the market.

How much does renters insurance cost in West Virginia?
Renters insurance in West Virginia is typically very affordable, with many policies starting around $10–$20 per month depending on coverage levels and location. Leading providers like Lemonade offer policies starting as low as $5 per month, making coverage accessible for most renters. Pricing varies based on factors like deductible, coverage limits, and add-ons.

What does renters insurance cover in West Virginia?
Renters insurance generally covers personal belongings against theft and certain types of damage, as well as liability protection and additional living expenses if your home becomes uninhabitable. Coverage details can vary by provider and policy. Companies like Lemonade include flexible coverage options that allow renters to tailor protection to their needs.

Is renters insurance required in West Virginia?
Renters insurance is not required by law in West Virginia, but many landlords require tenants to carry a policy as part of the lease agreement. Even when it’s optional, it provides valuable protection against unexpected events like theft, fire, or liability claims. Providers like Lemonade make it easy to get covered quickly, often in just a few minutes.

How do I get renters insurance in West Virginia?
Getting renters insurance in West Virginia is simple and can often be completed entirely online or through a mobile app. Renters can compare coverage options, choose deductibles, and purchase a policy within minutes. Digital insurers like Lemonade allow customers to manage everything—from quotes to claims—without paperwork or agent visits.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com

Over the past few weeks, many artificial intelligence (AI) companies have reported strong growth, fueling renewed confidence and market highs. The S&P 500 is 8% as of this writing.

If you're looking for excellent stocks to add to your portfolio to ride the wave higher, I recommend Taiwan Semiconductor Manufacturing (TSM +0.46%), Amazon (AMZN 1.24%), and Lemonade (LMND +0.47%). They all feature strong AI components, and they also have excellent long-term prospects beyond current trends.

Image source: Getty Images.

1. Taiwan Semiconductor Taiwan Semiconductor, or TMSC, has been reporting fantastic results in a pattern that should make every investor look twice. The chip manufacturer is a partner to most of the major global tech companies, and today it plays a major role in AI development. Every chip company or tech company that's demonstrating strong growth points to continued momentum for TSMC.

Today's Change

(

0.46

%) $

1.94

Current Price

$

423.01

Its earnings reports typically precede those of other tech companies and are a good signal of what's to come. In the 2026 first quarter, revenue increased 41% year over year, and gross margin expanded 7.4 percentage points to 66.2%. That's more like a service company, even though TSMC makes hardware. Operating margin was 58.1%, 9.6 percentage points higher than last year.

AI is its strongest growth driver right now. It's part of the high-performance computing segment, which was up 20% quarter over quarter and accounted for 61% of total revenue. As hyperscalers continue to build out and spend, Taiwan Semiconductor will get a piece of the action.

For the second quarter, management is projecting a 35% year-over-year increase in revenue, a 66% gross margin, and a 57.5% operating margin. Although that's a confidence-boosting outlook, it warned that the second half of the year would be tougher. It's dealing with increased prices and its own expansion efforts, including its new U.S.-based facilities. However, it expects the expansion to help it meet soaring demand.

TSMC stock should keep rising alongside AI, which is why it's a great time to buy.

2. Amazon Amazon just reported outstanding first-quarter results with accelerated revenue growth, particularly in Amazon Web Services (AWS). CEO Andy Jassy's reassurance that its spend will pay off is happening, and his belief that customer spend will shift to the cloud seems to be coming true.

There was tremendous growth all over AWS and the AI platform. AWS continues to sign new deals with high-profile clients like U.S. Bank, AT&T, and Bloomberg, and Jassy said that clients engaging with AI through AWS are also spending more on core cloud services.

AI was the showstopper in the report, with triple-digit revenue growth and a plethora of high-value services. The chips business alone has a $20 billion run rate, and it's a complete stand-alone, serving many other companies besides Amazon.

Today's Change

(

-1.24

%) $

-2.98

Current Price

$

238.53

The e-commerce business is also in excellent shape, and Amazon is reaching more customers with same-day shipping. It keeps getting faster, and it can now ship more than 90,000 items to customers in 2,000 cities within three hours.

The ad business is also demonstrating phenomenal performance, with AI leading to improved results and targeted campaigns, and sales were up 24% year over year.

While there were many other excellent updates, one notable one is the development of Amazon Leo, its satellite broadband business that is just getting ready for launch. Amazon is back on the upswing, and you can still get in for the ride.

3. Lemonade Lemonade is an AI insurance disruptor that's growing by leaps and bounds. Although it's still a tiny outfit compared with the huge, legacy insurance companies, it presents a clear threat through its digital-native platform.

Customers are already sensing it, and they continue to join at a rapid pace. In the first quarter, in-force premium (IFP), the insurance company's top-line metric, increased 32% year over year, a trend of acceleration that's been ongoing for seven quarters.

Today's Change

(

0.47

%) $

0.27

Current Price

$

57.45

The company touts its AI and machine learning algorithms that drive efficiency, so as IFP grows, spending has been roughly flat. That's been leading to improved profitability. And although it's still reporting losses, management is guiding for positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by the end of this year and positive net income next year.

Lemonade is the only stock on this list that hasn't been getting market love lately, but that just gives smart investors an opportunity to buy more stock before it soars again.

Affordable Renters Insurance in Louisiana: Lemonade Launches Fast, Digital Coverage Starting at $5/Month May 12, 2026 10:00 ET  | Source: Lemonade, Inc

New York City, NY, May 12, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, has officially introduced its acclaimed renters insurance product in Louisiana. The move expands Lemonade’s customizable, app-based coverage to renters throughout the state and marks another milestone in the company’s continued nationwide growth.

Lemonade Renters helps protect the possessions that matter most while offering a streamlined and modern insurance experience. Coverage is available starting at just $5 per month, with policy options that can be tailored to match different budgets and coverage needs. According to recent market and company data, Lemonade Renters costs roughly 30 percent less than the average renters insurance policy across the United States.

Louisiana residents can receive quotes, purchase coverage, update policies, and submit claims entirely through the Lemonade mobile app. The company’s fully digital platform allows users to secure coverage within minutes and manage their insurance anytime, anywhere. Nearly 40 percent of claims are processed instantly, giving policyholders faster support when covered losses occur.

“Expanding into Louisiana is another exciting milestone for Lemonade as we continue growing across the country,” said a Lemonade spokesperson. “We believe renters should have access to insurance that’s simple, transparent, and built for the digital age. We’re excited to bring that experience to residents throughout Louisiana.”

Renters may also qualify for discounts by bundling insurance products, using home safety devices, or selecting annual billing instead of monthly payments. Lemonade serves more than 3 million active customers and has received recognition from publications and organizations such as Forbes, CNBC, and U.S. News & World Report for its renters insurance products and customer experience.

With Louisiana now added to its coverage map, Lemonade continues increasing access to its insurance offerings across most of the United States.

Frequently Asked Questions About Renters Insurance in Louisiana

What is the best renters insurance in Louisiana?

The best renters insurance providers in Louisiana typically offer affordable pricing, dependable coverage, and a simple claims process. Many renters prefer digital insurance companies that make managing policies easy from start to finish. Providers like Lemonade stand out by offering customizable coverage and a convenient mobile-first experience.

How much is renters insurance in Louisiana?

The cost of renters insurance in Louisiana can vary depending on factors such as location, coverage limits, and deductible choices. In many cases, renters insurance ranges between $10 and $20 per month. Some providers, including Lemonade, offer policies beginning at just $5 monthly, making protection accessible for a wide range of renters.

What does renters insurance include in Louisiana?

Renters insurance generally helps cover personal belongings against events like theft, fire, and certain types of damage. Policies may also include liability protection and coverage for temporary living expenses if a rental becomes uninhabitable due to a covered incident. Companies such as Lemonade provide flexible policy options so renters can customize protection based on their individual needs.

Is renters insurance mandatory in Louisiana?

Louisiana law does not require renters insurance, though many landlords request proof of coverage before signing a lease. Even when it’s not mandatory, renters insurance can provide important financial protection from unexpected situations such as property damage, theft, or liability claims. Digital providers like Lemonade allow renters to obtain coverage quickly and easily online.

How can I purchase renters insurance in Louisiana?

Buying renters insurance in Louisiana is typically fast and straightforward. Many insurers now allow customers to compare options, choose coverage levels, and activate policies completely online or through a mobile app. Companies like Lemonade enable renters to handle everything digitally, including quotes, policy updates, and claims management, without needing in-person appointments or paperwork.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com
https://www.lemonade.com/

What happenedAccording to a SEC filing dated May 13, 2026, BIT Capital GmbH reduced its stake in Lemonade (LMND +0.47%) by 1,242,797 shares during the first quarter. The estimated transaction value is $86.01 million, calculated using the average unadjusted closing price for the period. The fund ended the quarter holding 583,796 Lemonade shares, valued at $36.59 million.

What else to knowSell action reduces Lemonade stake to 1.77% of BIT Capital GmbH's reportable U.S. equity AUMTop holdings after the filing:NASDAQ: AMZN: $292.21 million (14.1% of AUM)NASDAQ: IREN: $223.75 million (11% of AUM)NASDAQ: GOOGL: $135.77 million (6.5% of AUM)NYSE: TSM: $113,307 million (5.5% of AUM)NASDAQ: MU: $103.66 million (5.0% of AUM)As of May 15, 2026, Lemonade shares were priced at $51.35, up 57.66% in the past yearThe position was previously 4.8% of the fund's AUM as of the prior quarterCompany overviewMetricValuePrice (as of market close May 15, 2026)$51.35Market capitalization$3.95 billionRevenue (TTM)$725.3 millionNet income (TTM)($138.90 million)Company snapshotLemonade, Inc. offers a broad suite of insurance products, including renters, homeowners, pet, car, and life insurance, as well as landlord policies, primarily in the United States and Europe.Lemonade, Inc. provides insurance products and operates as an agent for other insurance companies in the United States and Europe.The company is headquartered in New York City and employs over a thousand people, focusing on digital-first insurance solutions.Lemonade, Inc. is a technology-enabled insurance provider with a strong presence in property and casualty lines. The company’s strategy centers on leveraging data science and automation to disrupt traditional insurance processes, aiming for operational efficiency and superior customer experience. Its competitive edge lies in its digital-first approach, rapid claims handling, and appeal to younger, tech-savvy policyholders.

What this transaction means for investorsAt the end of 2025, Lemonade was a top holding for BIT Capital of Berlin, Germany. After selling off more than two-thirds of its shares, the digital insurance provider isn’t even a top 10 holding.

If BIT Capital decided to sell its Lemonade stock early in the first quarter, the sale is working out well for the firm. The stock is down 46.8% from the peak it set in January.

Lemonade’s stock price is down this year despite posting encouraging first-quarter results on April 29, 2026. The company raised its total customer count by 23% year over year to 3.14 million. Moreover, it grew in popularity without cutting prices. The average premium per customer rose 7% year over year.

Despite strong growth when it comes to finding new customers, Lemonade hasn’t been reporting profits. In the first quarter, the company reported a $35.8 million net loss. It’s probably best to wait until after we see proof that Lemonade’s mostly automated underwriting process leads to profits before taking a risk on the stock.

Cory Renauer has positions in Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, Lemonade, Micron Technology, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

-

NEW YORK--(BUSINESS WIRE)--Lemonade (NYSE: LMND) today announced that Daniel Schreiber, Co-Founder and CEO, and Tim Bixby, Chief Financial Officer, will participate in the following upcoming investor conferences:

Baird 2026 Global Consumer, Technology & Services Conference – Tuesday, June 2, 2026. Participation will consist of one-on-one meetings. Piper Sandler Global Exchange & Fintech Conference – Wednesday, June 3, 2026. Participation will include one-on-one meetings and a joint fireside chat with Mr. Schreiber and Mr. Bixby at 11:30 am ET. The fireside chat webcast can be accessed here. Morgan Stanley US Financials Conference – Wednesday, June 10, 2026. Participation will include one-on-one meetings and a joint fireside chat with Mr. Schreiber and Mr. Bixby at 9 am ET. The fireside chat webcast can be accessed here. Webcast replays will be available approximately two hours after each presentation ends and will remain accessible for three months. Additional information about Lemonade can be accessed at lemonade.com/investor.

About Lemonade
Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

More News From Lemonade

Back to Newsroom

Lemonade (LMND +0.47%) has been an outstanding stock to own over the past three years, with a 229% gain, inclusive of its recent 40% drop from its 2025 high.

It's just over a decade old, and it already has over 3 million customers. Growth has been strong from the get-go, and it's been accelerating over the past few years. But clearly, the market is looking for something else right now. Here's what it would take for Lemonade stock to move higher.

High growth, low loss ratio Lemonade's in-force premium growth has been accelerating for the past eight quarters, reaching 32% in the 2026 first quarter. Customer count was up 23% year over year, while premium per customer increased 7% to $424.

Image source: Getty Images.

CEO Daniel Schreiber recently penned an essay called "Why Incumbents Won't Catch Up," explaining why Lemonade has an edge over legacy insurers. He explains that it was built on a digital substrate that incorporates a range of interconnected artificial intelligence (AI) and machine learning processes. "Lemonade did not begin as an insurance company that adopted AI. We began as an AI-native company that entered insurance," he says.

Beyond its chatbots, which onboard customers and review claims without human intervention -- with approvals coming as fast as one minute -- Lemonade sees its edge in its underwriting and the interconnected nature of its business. Everything goes much faster and becomes more accurate.

That's most noticeable right now in the company's loss ratio. As more data enters the system and Lemonade upgrades its algorithms, the loss ratio, which measures the percentage of policies paid out in claims, has been declining. The gross loss ratio improved from 78% last year to 62% in the 2026 first quarter, well below the company's 70% target.

Today's Change

(

0.47

%) $

0.27

Current Price

$

57.45

What's holding Lemonade stock back? What hasn't happened yet is Lemonade turning a profit. As it scales, revenue growth is leading to improvement on the bottom line, but it's still not positive. Gross profit increased 159% year over year in the first quarter, driven by higher revenue and a lower loss ratio, and adjusted free cash flow was $17 million. But it's still reporting losses even on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, and as the stock climbed, it was becoming more expensive.

It now trades at a price-to-sales ratio of 6, which I see as very reasonable for a growth stock. However, the market is waiting for profits. Lemonade's management is guiding for positive adjusted EBITDA by the end of the year, which might be what it takes to get the price moving again.

Lemonade (NYSE: LMND), the technology-driven insurance company, today announced that its Autonomous Car insurance is now available in Indiana.

Lemonade Autonomous Car is a first-of-its-kind product that gives Tesla owners 50% off every mile driven using Tesla's Full Self-Driving (Supervised) technology.

"Today, we're bringing Lemonade Autonomous Car to Tesla drivers in Indiana. This first-of-its-kind insurance product cuts Tesla's cost of ownership by slashing insurance prices in half for miles driven with FSD (Supervised)," said Shai Wininger, President and Co-Founder of Lemonade. "Tesla's safe FSD (Supervised) tech reduces the chances of getting into an accident. Our intelligent pricing models see this in the data and can pass real savings, with high precision, on to Tesla customers."

Indiana Tesla drivers can now get a quote in seconds through the Lemonade app or at tesla.lemonade.com/fsd, and receive further savings when bundled with Lemonade Renters, Pet, or Home insurance.

Lemonade continues to offer its existing Car insurance, which supports most popular cars as well as Teslas, in Arizona, California, Colorado, Illinois, Indiana, Ohio, Oregon, Tennessee, Texas, and Washington.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603467295/en/

North Dakota Renters Can Now Get Fast, Affordable Coverage Starting at $5 Per Month June 09, 2026 08:00 ET  | Source: Lemonade, Inc

New York City, NY, June 09, 2026 (GLOBE NEWSWIRE) -- Lemonade (NYSE: LMND), the tech-first insurance company, today announced the availability of its renters insurance in North Dakota. The expansion gives renters across the state a simple, fast way to get coverage that fits their lifestyles.

Lemonade Renters provides flexible coverage options via an app where renters can get quotes, purchase policies, update existing policies, and file claims, all in one place.  About 40% of claims are handled instantly, helping renters receive assistance more quickly after a covered loss.

"North Dakota represents another important step in Lemonade's continued expansion across the United States," said Dan Timsit, Head of Renters Insurance at Lemonade. "Our goal is to make insurance easier to understand, easier to access, and easier to manage. We're excited to offer North Dakota renters a modern alternative to traditional insurance."

Coverage starts at just $5 per month, making it one of the more affordable renters insurance options available. Based on company and industry data, Lemonade's renters insurance rates are approximately 30% lower than the national average.

Customers may also be eligible for additional savings through policy bundling, having qualifying home safety devices, or choosing annual billing. 

Lemonade currently serves more than 3 million active customers and has earned recognition from organizations and publications including Forbes, CNBC, and U.S. News & World Report for its insurance products and customer experience.

About Lemonade

Lemonade's mission is to become the most loved insurance company in the world. As a customer-centric tech company, we created an insurance experience across Renters, Home, Pet, Car, and Life that is smart, instant, and delightful. Our team of 1,200+ Lemonade Makers make it possible for over 3M customers throughout the US, UK and Europe to get coverage instantly, with nearly half of claims paid in a matter of seconds. Powered by AI and social impact, Lemonade is a purpose-built, technology-first insurance carrier. A Certified B-Corp, our commitment to social impact is embedded in every aspect of the company, and our Giveback program, which donates a percentage of leftover premiums to nonprofits selected by our community, has donated over $10M to organizations in need.

Press Inquiries

Lemonade Comms
paul.staats [at] lemonade.com
https://www.lemonade.com/

Lemonade, Inc. (LMND) Presents at Morgan Stanley US Financials Conference 2026 Transcript

Palantir Technologies Inc.'s AIP turns AI from token burn into governed ROI, positioning it to capture the shift from experimentation to measurable workflow value. Nvidia's sovereign AI blueprint puts PLTR above the GPU layer, where national AI capex can become recurring AIP/Foundry revenue if adoption converts. PLTR can outrun bears while growth holds, but the sunlight risk is trust, ROI proof, and sovereign lock-in scrutiny.

© Drew Angerer/ Getty Images News via Getty Images

From Defense Contractor Curiosity to AI Poster Child When Palantir (NASDAQ:PLTR | PLTR Price Prediction) went public via direct listing on September 30, 2020, most investors saw a slow-growth government data shop with messy stock-based comp. Gotham powered defense and intel work, Foundry served a handful of commercial clients, and the stock drifted for years with an “overhyped” label glued to it.

Then 2023 happened. The launch of AIP (Artificial Intelligence Platform) plugged Palantir straight into the generative AI gold rush. The stock joined the S&P 500 in September 2024, CEO Alex Karp became the loudest voice in enterprise AI, and the commercial book exploded. Q4 2025 revenue grew 70% year over year, U.S. commercial revenue surged 137%, and the Rule of 40 score hit 127. Karp’s verdict on the call: “We are an n of one category of our own.”

What $1,000 at IPO Actually Became Palantir has only traded since 2020, so a true 10-year window does not exist. Here is how $1,000 held up across the periods that do.

Since IPO (September 30, 2020)

Initial Investment: $1,000 Current Value: $14,266 Total Return: 1,326.63% S&P 500 (same period): $2,377 (137.65%) 5-Year Return

Initial Investment: $1,000 Current Value: $5,640 Total Return: 464% S&P 500 (same period): $1,745 (74.53%) 1-Year Return

Initial Investment: $1,000 Current Value: $1,130 Total Return: 13.03% S&P 500 (same period): $1,244 (24.37%) Almost the entire return came in a narrow window. Shares hugged the IPO reference price for years before AIP and index inclusion drove the rerating. Holding through those drawdowns took real conviction, and the recent action is a reminder of how violent the swings can be. PLTR is down 23.75% year to date and lost 13.42% in the past week alone. On a 1-year basis, it now trails the S&P 500.

I’d Buy Here, But Only on My Terms I’d put $1,000 into Palantir today if I believe U.S. commercial growth holds near management’s guided 61% FY 2026 revenue target and AIP keeps cementing customer lock-in. The underlying math is striking: a 46.2% operating margin, $5.22 billion in trailing revenue, and an analyst target of $183.73 against today’s $135.53.

I’d avoid it if valuation rattles me, which it sometimes does. A 152x trailing P/E and 97x forward earnings price in near-flawless execution. Michael Burry’s recent “sand castle” critique gained traction on Reddit for a reason, and Polymarket traders now pin an 84% probability on shares touching $132 this month.

I’d nibble with $1,000 rather than size it as a core position. The story is real, the math is demanding, and any deceleration in commercial growth could compress this multiple in a hurry.

His answer offered a clear endorsement of SpaceX and Anthropic’s position in the rapidly evolving AI landscape.

“I have bought SpaceX and Anthropic actually,” Lonsdale said. “I think those are the two strongest right now by far.”

Anthropic’s MomentumWhile Lonsdale stressed that OpenAI remains an impressive company, he suggested the balance of momentum may be shifting.

“I think Anthropic clearly has the momentum behind it,” he said.

The comments come as Anthropic has emerged as one of the fastest-growing companies in technology, driven by strong adoption of its Claude family of models and growing enterprise demand.

Lonsdale pointed to execution and focus as key differentiators.

By contrast, he suggested OpenAI may have struggled with competing priorities as it expanded into multiple business lines.

“OpenAI was probably doing too much and lost some talent,” he said.

OpenAI Isn’t Out Of The RaceDespite favoring Anthropic, Lonsdale stopped well short of writing off OpenAI.

“We’re rooting for OpenAI not to implode,” he said, before quickly adding that he believes the company remains highly capable.

“I think the coding stuff is quite strong and I think they’re going to figure it out.”

That assessment reflects a growing debate among investors over whether Anthropic’s recent momentum represents a temporary lead or a more durable shift in the competitive landscape.

The New AI Leader?Lonsdale’s comments are notable because they come from a longtime technology investor and one of the co-founders of Palantir, a company increasingly embedded in the AI ecosystem.

While many investors still view OpenAI as the face of generative AI, Lonsdale’s remarks suggest some influential figures in Silicon Valley see Anthropic as gaining ground.

For now, his ranking is straightforward.

SpaceX remains his favorite infrastructure play tied to the AI boom. Anthropic, meanwhile, appears to be his preferred pure-play AI company.

As billions of dollars continue flowing into the sector and competition intensifies, Lonsdale’s verdict is clear: among the major AI labs, Anthropic currently has the wind at its back.

Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

CNBC's Sara Eisen sits down with Palantir CEO Alex Karp to discuss the role of AI in the Iran conflict, his take on SpaceX IPO and Elon Musk, and more.

Palantir Technologies Today

PLTR

Palantir Technologies

$127.99 -3.09 (-2.36%)

As of 04:00 PM Eastern

52-Week Range$122.68▼

$207.52P/E Ratio143.81

Price Target$192.76

A key reason why earnings reports mean so much is their ability to turn anecdotes into evidence. When a company performs well, it’s usually a sign that it's growing and retaining its customer base. The opposite is true when a company underperforms. But the point is, earnings reports matter because they translate customer behavior into hard numbers—and it's those customers who show investors what's really going on.

That brings us to Palantir Technologies Inc. NASDAQ: PLTR. The company held its 10th AIPCon event in early June. The event was highlighted by several of Palantir's customers testifying about how the company's AIP platform is helping their businesses. It’s a kind of free advertising that companies love to get, and it explains why the strong earnings reports from Palantir are not a mirage.

Get Palantir Technologies alerts:

AIPCon Brought Plenty of WinsAIPCon delivered customer testimonies that support Palantir’s long-term growth story.

Kirkland & Ellis, one of the world's top law firms, launched an AI-powered platform for private equity fundraising built on AIP—freeing attorneys from administrative work and redirecting their focus toward high-value judgment calls.

McCarthy Building is using AIP to encode more than a century of construction expertise into real-time decision support for project managers in the field.

GNP Seguros, Mexico's largest insurer, has gone enterprise-wide, reporting the ability to act on data at a scale and speed that simply wasn't possible before.

Beyond the customer stage, Palantir is now available on Google Cloud Marketplace with full integration across Google's platforms. That distribution broadens the company’s commercial reach significantly. And for investors who are concerned about the lack of international growth, Palantir landed a £9 million (approx. $12 million) 10-year contract to replace England and Wales's entire firearms licensing database, covering all 43 police forces.

Why Is PLTR Stock Down?Skeptics (of which there are many) will point out that, despite the bullish tone of AIPCon, PLTR is trading lower. That’s not a particularly new story. PLTR is down about 25% in 2026 and approximately 35% down from the all-time high it made in November 2025.

Of course, the common reason cited will be valuation. But that’s becoming like a hammer looking for a nail. Investors waiting for Palantir to grow into its valuation before investing are likely to miss the strongest gains. In any event, it’s not clear how relevant traditional valuation metrics apply to enterprise software companies whose value is embedded in platform stickiness rather than hard assets.

Before dismissing that as a “this time it’s different” argument, consider that Palantir is a company with no debt, which does not have the CapEx overhang that other technology stocks are facing.

The more likely reason for PLTR to be down so sharply is two-fold. First, many investors are looking to raise capital for the SpaceX NASDAQ: SPCX IPO. That means they’re looking to trim profits on winners, which is a direct line to Palantir.

A secondary reason is that investors' dollars inside the tech space are moving back to chip stocks. That’s a fair point, as semiconductor refresh cycles are getting shorter and shorter.

A Messy Chart Could Be an OpportunityPLTR is approaching the $120–$125 support zone, a place where it’s been three times in 2026— in early February, late April, and late May — without breaking down, forming what looks like a triple bottom. That's a constructive pattern, and each successive test holding above support adds credibility to the thesis that a floor is forming.

That said, the technicals are still messy. The current price sits well below both the 50-day SMA ($140.42) and the 200-day SMA ($160.84), meaning any meaningful recovery has significant overhead to clear.

The 50-day crossing below the 200-day earlier this spring confirmed a bearish structure that a potential triple bottom alone won't reverse. Investors should want to see a clean reclaim of $140 on volume before reading too much into the pattern. Until then, expect the stock to chop through the summer, with earnings in August as the next real directional catalyst.

The Long-Term Outlook Is Still SupportiveIf investors are looking for reasons to sell PLTR, they don’t have to look far. The immediate gratification part of this story is over, for now. But viewed with a wider lens, the outlook for Palantir continues to be bullish.

Palantir Technologies Stock Forecast Today12-Month Stock Price Forecast:
$192.76
50.48% Upside

Moderate Buy
Based on 31 Analyst Ratings

Current Price$128.10High Forecast$255.00Average Forecast$192.76Low Forecast$90.00Palantir Technologies Stock Forecast Details

For example, on June 5, Rosenblatt Securities and Wedbush reiterated their bullish ratings on PLTR with price targets of $225 and $230 respectively. Keep in mind, both price targets are about 20% higher than the consensus price target of $192.76, which itself is 50% above recent prices.

That’s important to consider at a time when many technology stocks are under pressure. It’s also a reminder to investors that for every seller, there will be buyers. Most likely, those buyers are coming from institutions that want to catch every bit of upside as they can from a stock that many missed on its initial run higher. AIPCon was a reminder that for all its skeptics, Palantir’s customers are bullish—and the customer is always right.

Should You Invest $1,000 in Palantir Technologies Right Now?Before you consider Palantir Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.

While Palantir Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report

YieldMax PLTR Option Income Strategy ETF offers high-income potential but carries significant risk, especially during PLTR downturns. PLTY's synthetic option writing strategy exposes investors to full downside risk while capping upside, making it suitable only for income-focused portfolios. The fund's estimated distribution rate is approximately 67.5%, with weekly payouts, but capital erosion risk is high during market pullbacks.

Palantir Technologies (PLTR, Financials) CEO Alex Karp is drawing a distinction between building powerful AI models and helping businesses actually use them.

Speaking with CNBC, Karp said many enterprise customers are growing frustrated with leading AI developers, arguing that some providers are too focused on driving usage rather than solving real business problems.

According to Karp, the next phase of artificial intelligence will be less about who has the biggest model and more about who can successfully integrate AI into day-to-day operations. He believes that is where the industry's real value will be created over the coming years.

His comments arrive at an interesting time for the AI sector. OpenAI has reportedly filed confidentially for an IPO, while Anthropic is also exploring a potential public offering, bringing increased attention to how AI companies plan to turn rapid growth into sustainable business models.

Karp also acknowledged the importance of large language models and highlighted Palantir's ongoing work with AI-focused organizations, including projects involving Anthropic technology.

For investors, the remarks highlight a growing debate across the AI industry: whether future winners will be defined by building the most advanced models or by helping customers generate measurable business results from them.

PLTR weekly chart shows consolidation near resistance of the 50-week moving average Pivotal Support Zone As a result, PLTR is now in a pivotal area, as a sustained bullish reversal from current levels may establish a second right shoulder within a larger, more complex inverse head and shoulders pattern. Such a development will provide an early sign of renewed strength if support continues to hold.

Conversely, a decisive decline below the left shoulder would signal a possible continuation of the current downtrend and raise the risk of a test of support near the head of the pattern at $122.68. The current decline has found at least temporary support near the 88.6% Fibonacci retracement of the prior advance.

Recovery Signals to Watch Signs of strength would suggest that support may hold and lead to a recovery. Tuesday’s high of $130.67 is near-term resistance and a move above that level would trigger a one-day bullish reversal signal. In addition, Wednesday formed an inside day with a high of $133.19. A breakout above $133.19 would provide another indication that bullish momentum is improving. An initial upside target would be the 200-day moving average, now at $160.57 and falling.

Before that objective can be challenged, however, PLTR would need to reclaim a resistance zone beginning near the 20-day moving average at $138.94 and the 50-day moving average at $139.97. Successfully regaining those levels would strengthen the case that the current support zone is holding and that the failed breakout discussed at the beginning of this analysis may be evolving into a larger bullish continuation pattern.

Key Takeaways PLTR generated $984 million in adjusted operating income with a 60% operating margin in Q1 2026.Palantir's adjusted operating income rose from $391 million in Q1 2025 to nearly $1 billion.PLTR expanded operating margins from 44% in Q1 2025 to 60% in Q1 2026. Palantir Technologies (PLTR - Free Report) continues demonstrating why investors remain enthusiastic about its long-term artificial intelligence opportunity. The company’s first-quarter 2026 results highlighted a powerful combination of rapid growth and expanding profitability, showing that Palantir is successfully scaling its business while continuing to invest aggressively in both its Artificial Intelligence Platform and U.S. operations.

One of the most impressive metrics from the quarter was adjusted operating income, which climbed to $984 million, representing a remarkable 60% operating margin. The company has delivered a steady and powerful rise in profitability over the past year, with adjusted operating income advancing from $391 million in the first quarter of 2025 to nearly $1 billion in the first quarter of 2026.

Equally notable is the steady improvement in operating margins. Margins expanded from 44% in the first quarter of 2025 to 46% in the second quarter, 51% in the third quarter, 57% in the fourth quarter, and ultimately 60% in the first quarter of 2026. This trend demonstrates significant operating leverage, meaning revenue growth is increasingly translating into profits rather than being absorbed by expenses.

What makes these results particularly encouraging is that Palantir achieved this profitability while continuing to invest heavily in AI innovation and market expansion. Many software companies face a tradeoff between growth and margins, but Palantir appears to be strengthening both simultaneously.

The company’s ability to generate higher profits at a faster rate than revenue growth suggests its platform is benefiting from scale advantages and growing customer adoption. As demand for enterprise and government AI solutions continues to expand, Palantir’s rising margins and disciplined execution reinforce its position as one of the most profitable and operationally efficient companies in the software industry.

Peer LensTwo closely watched peers are Snowflake (SNOW - Free Report) and MongoDB (MDB - Free Report) . Snowflake continues expanding its AI data cloud ecosystem and remains a major player in helping enterprises manage large-scale AI-ready datasets. As enterprise AI adoption accelerates, Snowflake could benefit from the rising demand for cloud-native data infrastructure.

Meanwhile, MongoDB is strengthening its role in AI-era application development. MDB enables enterprises to build scalable, flexible applications capable of handling increasingly complex AI workloads. MongoDB also remains well-positioned as organizations modernize their software architecture to support operational AI deployments.

PLTR’s Price Performance & EstimatesThe stock has declined 13% over the past three months compared with the industry’s consolidation.

                                                           Image Source: Zacks Investment Research

From a valuation standpoint, PLTR trades at a forward price-to-sales ratio of 34.52X, well above the industry’s 3.65X. It carries a Value Score of F.

                                                            Image Source: Zacks Investment Research

The Zacks Consensus Estimate for PLTR’s 2026 earnings rose over the past 60 days.

PLTR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

© metamorworks / Shutterstock.com

Shares of Snowflake (NYSE:SNOW | SNOW Price Prediction) are climbing in early Thursday trading, jumping roughly 9% intraday to around $152. The data cloud platform is leading enterprise software higher and outpacing peer ServiceNow (NYSE:NOW), which is also green but rising at a slower clip.

ServiceNow stock is trading 5% higher to around $94, a respectable bounce in its own right. On a percentage basis, however, Snowflake is clearly out in front today, and the gap matters given how often these two names trade together.

Both stocks are widely watched bellwethers for enterprise software sentiment. Snowflake’s market cap sits at roughly $53.09 billion, while ServiceNow’s is closer to $97.63 billion as of mid-morning Thursday.

The contrast deserves attention because both names have been hammered in 2026. Snowflake stock entered Thursday down 36% year to date, while ServiceNow shares were sitting down 42% year to date through Wednesday’s close. Today’s tape hints at a partial sentiment thaw across the cloud software group.

Snowflake Pulls Ahead in a Brutal Cloud Tape The pop has no single confirmed catalyst, but the backdrop has been building for weeks. Bargain-hunting in heavily sold-down cloud names, AI workload migration narratives favoring data platforms, and a broader rotation back toward software are all in the mix. Snowflake’s pitch as the data layer for enterprise AI keeps attracting buyers whenever sentiment thaws.

The fundamentals have held up. In Q4 FY2026, reported February 25, Snowflake posted product revenue of $1.23 billion, up 30% year over year, and remaining performance obligations of $9.77 billion, up 42%. The company added a record 740 net new customers, and free cash flow surged to $765 million at a 60% margin.

CEO Sridhar Ramaswamy has leaned hard into AI positioning, with over 9,100 accounts using Snowflake AI features and Cortex adoption climbing. Snowflake Intelligence reached approximately 2,500 accounts within three months of launch. For investors hunting a recovery candidate inside a sold-off group, that growth profile remains the fastest among major data platforms.

ServiceNow Climbs Too, but at a Slower Clip ServiceNow’s gain looks more like a sympathy move than a standalone breakout. The workflow automation leader reported Q4 FY2025 revenue of $3.57 billion, up about 21% year over year, with cRPO of $12.85 billion, up 25%. Yet the stock dropped sharply after that earnings report as investors fretted about SaaS demand displacement from AI agents.

Sentiment has slowly recovered. Bernstein recently lifted its ServiceNow price target to $236 with a mixed read coming out of the company’s Analyst Day. You can find more in our ServiceNow analyst day coverage, which captures why the bulls and bears are still split on the name.

ServiceNow CEO Bill McDermott has framed the company as “the AI control tower for business reinvention.” Today’s tape suggests fast money is rotating into faster-growing data platforms first. Over the past month, NOW shares are still down 6.5% versus a 2% gain for SNOW stock, reinforcing the relative-strength story.

Meanwhile, sector-adjacent stocks Unity Software (NYSE:U) and Adobe (NASDAQ:ADBE) are both up 3% today.

What to Watch Next One green session doesn’t reverse a brutal year for cloud software. The bear case is straightforward: multiples can keep compressing if AI capex pressures customer software budgets, and both names remain deeply negative on the year.

The bull case is that washed-out positioning, durable RPO growth, and AI-linked product cycles are finally pulling in real capital. Snowflake’s FY2027 product revenue guide of $5.66 billion and ServiceNow’s FY2026 subscription guide of $15.53 billion to $15.57 billion both imply growth in the 20% range. That floor on top-line momentum is what the bulls keep pointing to.

So yes, Snowflake is outperforming ServiceNow today and on a year-to-date basis, even with both stocks in the red. Watch for whether SNOW shares hold their intraday gains into the close and whether NOW stock can string together consecutive up days. Prudent investors should size positions carefully given how violently this group has traded in 2026.

Unity Software Inc (NYSE:U) beat Q1 revenue estimates and posted a sharp jump in adjusted earnings but took a $279 million impairment charge related to shutting down its ironSource ad network and selling off its Supersonic game publishing unit.

The San Francisco-based company posted revenue of $508 million for the quarter ended March 31, up 17% from a year earlier and slightly above the $506 million analysts had forecast.

Adjusted EBITDA surged 65% year-over-year to $138 million, though gross margin of 82% came in below the 82.8% consensus estimate. Earnings per share of $0.23 matched expectations but fell 4% from the prior-year period.

Unity's Grow Solutions segment, which houses its advertising and monetization tools, led the quarter with revenue of $352 million, up 24% year-over-year. Create Solutions, which includes the company's core development engine, generated $157 million, a more modest 4% gain.

The company officially shuttered its ironSource Ad Network at the end of April and said it intends to divest the Supersonic game publishing business. The $279 million in impairment charges recorded in the quarter reflect the financial impact of both decisions.

For the second quarter, Unity guided for revenue of $505 million to $515 million, bracketing the $512 million analyst consensus, representing year-over-year growth of 15% to 17%. Adjusted EBITDA is expected in the range of $130 million to $135 million, implying growth of 44% to 49% from a year ago.

The company also provided a breakdown of its "Strategic Revenue" category for Q2, projecting $455 million to $465 million, with Strategic Grow Revenue, its key growth engine, seen rising 50% to 52% year-over-year to $302 million to $306 million.

Unity said it expects to reach GAAP profitability by the fourth quarter of 2026.

Shares of Unity initially jumped more than 7% in premarket trading following the results but reversed course during the morning session, last trading down more than 2%.