Big tech, chips, software, cloud, AI platforms, devices, and the companies shaping the digital economy.
With Dow and S&P 500 futures pushing to fresh highs, markets turned to company-specific results late in the session, highlighting AMD and other high-profile names.
THE APEX TIMES
THE APEX TIMES
Palantir Technologies’ stock jumped Tuesday, adding to momentum as investors reacted to a quarter that beat expectations and to a management outlook described as highly optimistic.
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Amazon is looking to use its Prime Video experience as a visible testbed for artificial intelligence features, betting that improved recommendations can translate into more viewing and a clearer ROI story for its broader AI investment.
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The CRM vendor says it secured a three-year Agentic Enterprise License Agreement with the U.S. Department of Veterans Affairs, a deal framed as evidence that demand is building for its AI-driven enterprise software.
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The chip designer said it generated $11.5 billion in second-quarter revenue and reported a 54% gross margin, alongside results it framed as continuing execution on its product roadmap.
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The semiconductor company reported second-quarter sales of $11.54 billion, up 50.1% year over year, but the stock moved lower after its outlook for the next quarter raised questions among investors.
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Advanced Micro Devices topped Wall Street’s expectations for its most recent quarter, but investors pushed the stock lower after the company’s guidance and other outlines failed to match the optimism in the market.
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In its latest quarter, AMD reported total revenue of $11.5 billion, with the data center segment reaching $6.7 billion, up 107% year over year, according to a market report published August 4.
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AMD reported second-quarter results after the close, beating analyst estimates on adjusted profit and revenue, but also indicating a substantial increase in capital spending.
