Palantir Stock Soars 29% After Strong Second Quarter Earnings
Palantir stock surged 29% after second quarter revenue jumped 93%, driven by rising demand for AI sovereignty tools.
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Palantir stock surged 29% after second quarter revenue jumped 93%, driven by rising demand for AI sovereignty tools.
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Leopold Aschenbrenner's AI hedge fund lost most of its $45 billion in value after leveraged stock bets triggered margin calls and forced asset sales.
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China's chip breakthroughs triggered a global stock sell-off, but analysts say Nvidia's dominance faces no immediate commercial threat.
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Amazon's stock surged after second quarter earnings beat expectations, driven by AWS cloud growth and rising AI spending plans.
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Meta's free cash flow fell 91% as AI spending surged, sending shares down 10% despite strong revenue growth.
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Samsung's profit jumped 1,800% on AI chip demand, even as chip stocks swung sharply amid shortage warnings through 2028.
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SK hynix reported a 1,242 percent jump in quarterly net profit, driven by AI chip demand, even as its stock price fell.
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OpenAI and Anthropic are both targeting $1 trillion IPO valuations, but Anthropic is closer to profitability with stronger enterprise revenue.
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Oracle cut 21,000 jobs in 2026, citing AI automation. Restructuring costs hit $1.8 billion as the company races to build AI and cloud infrastructure.
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Tech stocks fall globally as AI spending doubts grow. Nasdaq drops 2.2%, Micron falls 13%, and markets from Wall Street to Asia feel the pressure.
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