Palantir Technologies reported a remarkable 93% year-over-year revenue growth in Q2, significantly lifting the iShares Expanded Tech-Software Sector ETF (IGV) and the broader software sector. This strong performance, supported by robust forward guidance and earnings from other tech leaders like Microsoft and Fortinet, indicates a recovery in the software industry after April lows. The author’s investment strategy, which balances AI infrastructure and high-conviction software stocks, has outperformed growth benchmarks year-to-date and in July. Future sector gains will depend on upcoming earnings reports and IGV maintaining key technical levels.
Palantir reported a strong quarter with revenue up 93% year-over-year and net income tripling to $1.07 billion. The company also improved its profitability and raised its future outlook, despite its stock being down 29% for the year before the earnin...
US stocks surged with the Dow up 2% and the Nasdaq rising 2.4% after Treasury Secretary Scott Bessent indicated a potential deal with Iran to reopen the Strait of Hormuz, easing oil supply concerns and causing oil prices to fall over 5%. Palantir's s...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
In Q2 2026, corporate earnings across the S&P 500 surged about 57%, more than double Wall Street's expected 23.6% growth, with 86% of companies beating estimates. Palantir Technologies and Alphabet reported significant earnings beats, with Alphabet's...
US stock futures rose ahead of a busy earnings day, with the S&P 500 futures up 0.2%, nearing a new record high. The rally was supported by a 4.2% drop in oil prices after US Treasury hinted at a potential deal to reopen the Strait of Hormuz, easing ...
