Edition 365: 3 things investors need to know from last week!
This week, AI continues to dominate the market narrative as SpaceX balances record growth with rising infrastructure costs, Apple prepares for its biggest product launch of the year, and Palantir's AI strategy propels it to another blockbuster quarter.
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Strong Results, Cost Concerns: SpaceX beat Wall Street expectations in its first quarterly earnings report as a public company, driven by strong revenue growth and expanding Starlink performance. However, shares fell after hours as investors focused on surging AI infrastructure spending, an upcoming insider lockup expiration, and concerns over whether massive capital investments will deliver sufficient returns.
Source: Yahoo Finance
Apple Prepares for iPhone Debut: Apple has launched a lottery for U.S. retail employees to help staff its September product event, signaling preparations for its biggest launch of the year. The event is expected to introduce the first foldable iPhone, the iPhone 18 lineup, new Apple Watches, and will mark the first major product unveiling under incoming CEO John Ternus.
Source: Bloomberg
AI Momentum Fuels Rally: Palantir shares soared nearly 30% after reporting stronger-than-expected earnings, with investors rewarding its rapid AI-driven growth and expanding profitability. Analysts say the company's AIP platform has positioned it well ahead of competitors by turning AI demand into tangible enterprise value, prompting upgrades and higher price targets.
Source: Yahoo Finance
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