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Tech back in fashion as Asian markets extend rebound
AFP11h agoneutral
Tech back in fashion as Asian markets extend rebound

Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.Crude tumbled more than five percent Tuesday -- and are down more than 10 percent this week -- after US Treasury Secretary Scott Bessent said a deal could be reached imminently with Tehran on re-opening the Strait of Hormuz to shipping traffic. 

Louis Navellier sees uncommon August rebound after Palantir blowout
TheStreet12h agoneutral
Louis Navellier sees uncommon August rebound after Palantir blowout

Notable earnings came from Palantir (PLTR), which took some air out of the short seller’s narrative that AI is going to replace all software stocks. For a while, that worry hurt Microsoft (MSFT). But between Microsoft's recent beat from monetizing OpenAI and Palantir's phenomenal beat following two ...

Review & Preview: Floating on Sunshine
Barrons.com14h agoneutral
Review & Preview: Floating on Sunshine

REVIEW PREVIEW NEWSLETTER Good Vibes and Blue Skies. Summer heat and humidity may be setting in, but markets are showing no signs of wilting. The gains keep piling up in the first few days of the August as strong earnings, hopes of a sustained ceasefire in the Middle East and a renewed optimism in AI drove major indices higher on Tuesday.

Stocks to Watch: Palantir, SpaceX, HSBC
The Wall Street Journal15h agoneutral
Stocks to Watch: Palantir, SpaceX, HSBC

↗️ Palantir Technologies (PLTR): Shares in the software company jumped, closing up 29% after it reported strong earnings on Monday after the close. The stock recorded its largest one-day percentage gain since Feb.

Even Big Profits Aren’t Enough to Keep Chip Investors Happy
The Wall Street Journal17h agoneutral
Even Big Profits Aren’t Enough to Keep Chip Investors Happy

Korean memory-chip manufacturer SK Hynix late last month booked roughly $65 billion in profit for the quarter ended June 30, a 13-fold increase from last year. Hynix earned almost as much money in 90 days as it had in the prior 29 years since its IPO, total. The reports, though outstanding on basically every measure, still fell short of Wall Street’s sky-high expectations for chip companies.

Wall Street Is Paying Attention to Palantir (PLTR) Again
Insider Monkey17h agoneutral
Wall Street Is Paying Attention to Palantir (PLTR) Again

Palantir Technologies Inc. (NASDAQ:PLTR) soared by 29.45 percent on Tuesday to close at $162.66 apiece, after reporting a stellar earnings performance that exceeded analyst expectations and posting a highly optimistic outlook that signaled its AI-driven software platforms remain strong. In an updated report, the company said that its net income attributable to shareholders in the […]

Palantir, Caterpillar results signal 'real' AI returns, says investor
Reuters Videos18h agoneutralVIDEO
Palantir, Caterpillar results signal 'real' AI returns, says investor

<body><p>STORY: "We're not probably completely past all the fears, but you've had a couple of companies that really line up and indicate that spending is is real and happening, and we're getting there," Haworth said.</p><p>He added that results from Palantir and Caterpillar, along with a recovery in semiconductor stocks, have reinforced investor's confidence that spending on AI and related infrastructure is continuing.</p><p>He said more earnings reports will be needed to determine whether concerns have fully subsided, adding that healthcare will be an important sector to watch as an early user and potential beneficiary of artificial intelligence.</p></body>

Palantir Surges 30% as CEO Slams Rival AI Labs
24/7 Wall St.18h agobullish
Palantir Surges 30% as CEO Slams Rival AI Labs

Palantir just posted its biggest single-day earnings surge ever, and CEO Alex Karp spent the moment torching the frontier AI labs instead of celebrating. Here is why the market finally believes him.

Palantir CEO escalates Microsoft’s AI warning
TheStreet20h agoneutral
Palantir CEO escalates Microsoft’s AI warning

Last month, Satya Nadella sounded the alarm for corporate America by questioning the true cost of enterprise AI. The Microsoft (MSFT) CEO argued that businesses are essentially paying twice for using AI services: once for the intelligence and again for the proprietary knowledge they must give ...

What's Driving Today's Record-Setting Rally?
Barrons.com20h agobullish
What's Driving Today's Record-Setting Rally?

Take your pick between the prospect of a U.S.-Iran peace deal, strong earnings, and a reignited AI trade as reasons the market is on the rise. The Nasdaq Composite was up 2.6%. The Trump administration has been vocal about talks it says are ongoing with Iran.