Palo Alto Networks, CyberArk Reach $25B Deal
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Yahoo
a minute ago
- Yahoo
Palantir stock surges on Q2 beat, $1B in sales: What's next
Palantir (PLTR) reported stronger-than-expected second quarter earnings with sales hitting $1 billion for the first time. Prairie Operating Co. executive vice president of market strategy and founder Lou Basenese and Edward Jones senior investment strategist Angelo Kourkafas weigh in on Palantir's blowout quarter. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. Palantir story of the morning, big quarter out of them, uh, results accelerated quarter over quarter. Your thoughts on what you saw to Palantir, and what does it mean for the broader AI trade? Look, I think it's just more of the same of what we saw for the last two weeks out of the mag seven stocks. I mean, it's really gravity defying how much capex is going into AI and Palantir is capitalizing on that. Um, I mean, if you look at just Amazon, Alphabet, Microsoft, uh, and meta, they invested 82 or 88 billion dollars in capex in the last quarter in just, uh, in AI and data infrastructure. And there's no signs of this stopping anytime soon. And I think, you know, everyone always first blush wants to react and say, hey, this spending can't continue, but the reality is that it is continuing. Um, I think the real key bottleneck for AI now becomes energy, not necessarily chip availability. If you remember a couple quarters ago, we were talking about Blackwells, Nvidia chips being available or not. Now it's really gonna be, do we have the energy supply to fuel this runaway growth that all of these big tech companies are all too willing to invest in right now. Well Lou, do we have the energy? Because I look at these Palantir results, they've accelerated quarter over quarter, beat estimates, big gardens ahead. Uh, can companies like Palantir get the energy they need to feed their results? So I think you saw on the tie up eventually. Yes, we're gonna find the way to bridge that gap, but it's not immediately available. That's why you saw Core weave go out and acquire Core scientific because core had guaranteed power contracts. So again, I think this boom has caught everyone off guard in terms of how fast it's growing. And now you're gonna really get into how do you price the energy markets? Right? There's gonna be runaway demand right now that is probably going to underpin the oil, gas, all types of energy, uh, prices because right now you see China doing it, the US is gonna move in that direction. We'll take all forms of energy to power AI. We need it, uh, to keep up as is a national security issue as much as it's a big tech issue. Uh, China producing about 10,000 terawatts of, uh, electricity each year, and the US has been stagnant at about 4,000 for the last four or five years. So it's, uh, it's an all-in all all resources at the table for this. Angel, let me, uh, work you in here. Uh, Palantir, uh, stratospheric four priced earnings multiple, big quarter. Yes, you have their founder, the co-founder, CEO Alex Karp popping on an earnings call, wearing a t-shirt. I mean, zoom out here for a minute. Is just this the ultimate? Is this peak Palantir? Is this as good as it could possibly get for a company like this looking out of the next year or two? When we look at the earnings fundamentals, I think that provides some support to the narrative that unlike the tech bubble, for example, these companies are delivering results. So no doubt valuations are a bit stretched, but at the same time, the fundamental story remains intact. We talk about capex spending 70% year-over-year for some of the four of the magnificent seven companies. And then of course, we have to factor into account the interest rate backdrop, and we are back into the bad news for the economy is good news for the markets. Of course, that doesn't mean that we won't possibly experience some consolidation, a potential shakeout, but the broader trend is gonna remain higher as earnings continue to grow. And as I should have just did the show in a t-shirt, uh, as a show of support for Alex Karp, but really a remarkable quarter, uh, out of that company. Sending uh, I would say just another signal that all things AI, uh, that trade remains, uh, just going in the right direction in large part because of something Angel just brought up, the fundamental support. No doubt. And I think that what was highlighted, uh, through the earnings call were two things. One is the growth in government contracts where you can't really bet against that when the government is spending so much. Also, the other one being their commercial contracts and some of the use cases that were cited with the city bank onboarding customers. It used to take nine days. It now takes a matter of seconds with Fannie Mae, uh, also decreasing the time to uncover fraud into also a matter of seconds. So these are just some of the use cases that were highlighted, which Wall Street is really, uh, happy about. And if you take a look at the stock, I mean, it's up 125% year to date. This is just highlighting that we are at just the first innings really of the AI revolution that's happening. Related Videos Fed will 'definitely' cut rates by at least 25 bps in Sept. Pfizer's tops Q2 on post-pandemic cost cuts, drug revenue Wall Street Continues to Underestimates Palantir, Ives Says Pfizer, Caterpillar and Marriott: Market Movers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
3 minutes ago
- CNET
Telsa Found Liable for Autopilot accident, Tariffs Start to Impact Prices & More
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Gizmodo
3 minutes ago
- Gizmodo
Apple May Announce Entire iPhone 17 Family on September 9
September is right around the corner, and you know what that means—the iPhone 17 launch event is almost here. German blog iPhone-Ticker (via 9to5Mac) claims Apple will announce the iPhone 17 family—that includes the regular iPhone 17, super-thin iPhone 17 Air, and camera-focused iPhone 17 Pro and 17 Pro Max—on Tuesday, Sept. 9. That's according to documents from a local wireless carrier that the blog has reportedly seen. Apple tea readers—including yours truly, who needs to plan his life around such major product announcements—have been speculating that Apple would announce the iPhone 17 family during the second week of September, a week after Labor Day and before 9/11, for obvious reasons. A leak is still a leak, and until Apple makes it official, it's not 100% confirmation. That being said, we've looked back at past years, and Apple does tend to announce new iPhones on Tuesdays in September for the most part. Here's a quick stat analysis, showing five Tuesday announcements in the past eight years: The only real outlier date was 2020, when the iPhone 12 was announced in October instead of September due to covid-19. As noted by 9to5Mac, if the Sept. 9 date announcement holds, the likely pre-order and street dates for the iPhone 17 family would be Friday, Sept. 12 and Friday, Sept. 19, respectively, if Apple sticks to past logistic strategies. Much about the iPhone 17 family has already leaked, including the purported colors (there's supposed to be a new orange for the iPhone 17 Pro/17 Pro Max) and the smaller battery for the skinny iPhone 17 Air. — Sonny Dickson (@SonnyDickson) July 30, 2025We also know that the iPhone 17 family will run iOS 26 with Liquid Glass out of the box. The developer betas have been rolling out consistently since WWDC in June, and the first public beta has been out for almost two weeks now. All that's really left is to see how iOS 26 runs on the new iPhones, whether there are any hardware and software-specific features that haven't been leaked, and if Apple will announce anything new for Apple Intelligence. The AI-powered Siri snafu may have created the narrative that Apple is far behind OpenAI's ChatGPT, Microsoft's Copilot, and Google's Gemini, but CEO Tim Cook is adamant that AI is 'as big or bigger' than the internet. In an all-hands with employees, Cook said, 'Apple must do this. Apple will do this. This is sort of ours to grab,' referring to the urgency and necessity of not missing out on the AI revolution. Apple also uses its fall iPhone event to announce new Apple Watches and sometimes new AirPods Pro. Last year, we got the Apple Watch Series 10 with larger displays and slimmer bodies. In AirPods land, Apple refreshed the AirPods Max with USB-C. and all-new colors and announced two versions of the AirPods 4 (one pair with and one without active noise cancellation). Before that, in 2023, Apple introduced AirPods Pro 2 with (USB-C). Weirdly, very little has leaked out on the Apple Watch Series 11, so either it's going to be a very mild update with any selling points focused on AI-powered health and/or fitness coaching, or Apple has some major redesign that it's doing an incredible job of keeping from slipping out early. If Apple doesn't delay AirPods Pro 3 to next year, we could see them in September. We'll know everything there is to know about the iPhone 17 and any Apple ecosystem accessories in just over a month's time. And as always, if anything substantial leaks out early, you know we'll have thoughts.
