Palantir’s Q1 earnings beat expectations with 85% year-over-year revenue growth, the fastest expansion since its 2020 market debut, fueled by government and enterprise AI demand.
Canadian quantum computing company Xanadu (XNDU) plunged over 67% in pre-market trading after filing to register 294 million shares for resale with the SEC.
The S&P 500 closes above 7,200 for the first time and the Nasdaq Composite surpasses 25,000, driven by Apple’s strong earnings and the best April rally since November 2020.
The S&P 500 index closed at a new all-time high on Thursday, driven by an ongoing AI investment surge that powered tech stocks higher, with Apple leading Wall Street gains.
Driven by sustained AI investment enthusiasm, the S&P 500 and Nasdaq both hit all-time highs, with Nvidia’s market cap breaking above $5 trillion once again and Apple shares surging.
The Nasdaq Composite index breaks through 25,000 for the first time, with the S&P 500 and Dow Jones also surging, driven by AI chips and tech sector strength.
U.S. stocks surged on the final trading day of April, with the S&P 500 closing above 7,200 for the first time and the Dow jumping nearly 800 points, as all three major indices posted their biggest monthly gains since 2020.
The Wall Street Journal reports that OpenAI has failed to meet internal revenue and user growth targets in its high-stakes sprint toward an IPO, sending tech stocks lower.
Nasdaq and S&P 500 close lower on Tuesday as concerns over AI growth prospects and oil prices above $112 weigh on markets ahead of Big Tech earnings.
OpenAI reportedly fell short of internal revenue and user growth targets during its critical sprint toward an IPO, triggering a chip stock selloff and a Nasdaq decline of over 1%.