Palantir Technologies extended its lead among 2025’s top-performing U.S. equities after reporting a 48% jump in second-quarter revenue to more than $1 billion, its first time crossing that threshold. The data-analytics company credited “astonishing” demand for its artificial-intelligence platforms. The stock rose about 7% in New York, lifting Palantir’s market value above $400 billion and cementing a year-to-date gain of roughly 130%. Wedbush raised its price target to a Street-high $200 and forecast the company could reach a $1 trillion valuation within three years, while UBS and Deutsche Bank also boosted their estimates. Results were less warmly received at Advanced Micro Devices. The chip designer posted record second-quarter revenue of $7.69 billion, topping consensus, but narrowly missed on adjusted earnings at $0.48 a share. Data-center sales rose 14% to $3.2 billion—slower than some investors hoped—partly because U.S. export restrictions curbed AI-chip shipments to China. AMD projected third-quarter revenue of about $8.7 billion and said volume production of its next-generation MI350 accelerators began in June, yet the shares slipped 4%–6% in late trading. Server maker Super Micro Computer delivered a stark contrast to the AI euphoria. Fourth-quarter adjusted profit of $0.41 a share and revenue just under $6 billion missed estimates, and the company forecast a soft start to fiscal 2026 with earnings of $0.40–$0.52 a share. Management blamed tariff-driven margin compression and customer delays in next-generation upgrades. Even though Super Micro reiterated an ambitious goal of at least $33 billion in sales for fiscal 2026, its shares tumbled more than 12% after the close. Elsewhere in the earnings rush, Snap reported second-quarter revenue of $1.35 billion and a wider-than-expected loss, sending the social-media firm’s stock down about 15% in extended trading. The divergent reactions underscore heightened scrutiny of AI-linked growth stories as the sector moves deeper into reporting season, with industry leader Nvidia scheduled to report later this month.