Stocks
Palantir Surges 27%, SpaceX Jumps 9% Amid AI-Driven Earnings Rally
US stocks saw broad-based gains on Tuesday as strong earnings and AI-driven demand boosted investor activity. Palantir Technologies led the pack, surging 27% after raising its outlook due to growing demand for its AI sovereignty solutions.
Caterpillar also reported record second-quarter results, with revenue reaching $20.54 billion and adjusted earnings of $8.17 per share beating analyst expectations.
SpaceX shares jumped 9.4% after the company posted stronger-than-expected second-quarter results, with revenue nearly doubling to $7.81 billion and a narrower-than-expected loss of 9 cents per share.