NASDAQ Q2: Artificial intelligence boom and mixed signals
The NASDAQ second quarter earnings season (23. June – 22. August) was stable for the NASDAQ-100 index (-0,13%), but major movements took place beneath the surface. Artificial intelligence-related companies showed explosive growth, while the consumer sector and cryptocurrencies showed signs of cooling, creating clearly distinct winners and losers.
PLTRPalantir Technologies (PLTR)
Results: Operating profit grew 238%, revenue 93%. The company also raised its annual forecast. Reasons: Growth was driven by explosive demand for the company's artificial intelligence platform (AIP), especially in the US commercial and government sectors. Market reaction: The stock jumped 29,5% on the results and has continued to rise since then, having climbed over 43% in total.
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