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How Palantir’s 30% Earnings Surge Fueled S&P 500’s New Record High — Market Wrap Aug 5, 2026
Today's AI insights from 7horns.ai reveal a strong market backdrop with the S&P 500 closing at a new all-time high of 7,737, up 1.8%, led by Palantir's spectacular 30% rally following robust Q2 revenue growth of $1.935 billion and a 149% increase in U.S. commercial revenue. Asian markets also provided positive momentum, with the Nikkei surging over 3% fueled by tech strength and lower oil prices, while Chinese markets lagged. Despite Advanced Micro Devices beating earnings expectations, shares fell 9% in after-hours trading due to softer gross margin guidance. The Trump administration’s…
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