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Tech stocks rally to kick off August. Can chipmakers keep up with demand?
Yahoo Finance Video16d agobullishVIDEO
Tech stocks rally to kick off August. Can chipmakers keep up with demand?

US stocks (^DJI, ^IXIC, ^GSPC) surge ahead to close out the first trading day of August with daily gains, the Nasdaq Composite rising by 2.13%. Cboe senior vice president JJ Kinahan joins Josh Lipton to assess the day's rise in the tech sector as key chipmakers like AMD (AMD) prepare to release earnings this week. Kinahan is also Cboe's head of retail expansion and alternative investment products.

Eli Lilly (LLY) Wins FDA Breakthrough Tag For Olomorasib, Backs $70 Million Raise
Simply Wall St.16d agobullish
Eli Lilly (LLY) Wins FDA Breakthrough Tag For Olomorasib, Backs $70 Million Raise

The FDA granted Breakthrough Therapy designation to Eli Lilly's olomorasib as a monotherapy for KRAS G12C-mutant advanced pancreatic cancer. This is the second Breakthrough Therapy designation for olomorasib, which targets a patient group with limited treatment options. Ratio Therapeutics raised US$70 million in a Series C round that included participation from Eli Lilly. Eli Lilly, traded as NYSE:LLY, has long been known for its focus on oncology, diabetes and immunology. The latest...

Should Best Buy’s (BBY) Shift to Smaller Stores and Higher-Margin Platforms Reshape Its Core Story?
Simply Wall St.16d agobullish
Should Best Buy’s (BBY) Shift to Smaller Stores and Higher-Margin Platforms Reshape Its Core Story?

In recent weeks, incoming Best Buy CEO Jason Bonfig has outlined plans to expand into smaller-format stores in previously unserved communities while pushing further into higher-margin areas such as Best Buy Ads, Marketplace, and broader technology services. This shift suggests Best Buy is repositioning itself beyond big-box electronics retail toward a more diversified role spanning retail, media, and technology solutions. Next, we’ll examine how this push into smaller-format stores and...

Snap (NYSE:SNAP) Surprises With Strong Q2 CY2026, Stock Soars
StockStory16d agobullish
Snap (NYSE:SNAP) Surprises With Strong Q2 CY2026, Stock Soars

Social network Snapchat (NYSE: SNAP) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 18.9% year on year to $1.60 billion. Its GAAP loss of $0.10 per share was 18.3% above analysts’ consensus estimates.

Palantir Technologies (NASDAQ:PLTR) Surprises With Strong Q2 CY2026, Stock Jumps 12.5%
StockStory16d agobullish
Palantir Technologies (NASDAQ:PLTR) Surprises With Strong Q2 CY2026, Stock Jumps 12.5%

Data analytics company Palantir Technologies (NASDAQ:PLTR) announced better-than-expected revenue in Q2 CY2026, with sales up 92.8% year on year to $1.94 billion. On top of that, next quarter’s revenue guidance ($2.16 billion at the midpoint) was surprisingly good and 8% above what analysts were expecting. Its non-GAAP profit of $0.41 per share was 18.5% above analysts’ consensus estimates.

Sterling (NASDAQ:STRL) Beats Expectations in Strong Q2 CY2026, Guides for Strong Full-Year Sales
StockStory16d agobullish
Sterling (NASDAQ:STRL) Beats Expectations in Strong Q2 CY2026, Guides for Strong Full-Year Sales

Civil infrastructure construction company Sterling Infrastructure (NASDAQ:STRL) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 90.1% year on year to $1.17 billion. The company’s full-year revenue guidance of $4.08 billion at the midpoint came in 4.1% above analysts’ estimates. Its non-GAAP profit of $5.80 per share was 11.9% above analysts’ consensus estimates.

Advanced Energy (NASDAQ:AEIS) Beats Expectations in Strong Q2 CY2026, Stock Jumps 10.2%
StockStory16d agobullish
Advanced Energy (NASDAQ:AEIS) Beats Expectations in Strong Q2 CY2026, Stock Jumps 10.2%

Manufacturing equipment and systems provider Advanced Energy (NASDAQ:AEIS) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 30% year on year to $574.1 million. On top of that, next quarter’s revenue guidance ($640 million at the midpoint) was surprisingly good and 10.8% above what analysts were expecting. Its non-GAAP profit of $2.74 per share was 23.8% above analysts’ consensus estimates.

Investing.com16d agobullish
Onsemi beats Q2 estimates, guides Q3 revenue above consensus

Investing.com -- Onsemi (NASDAQ:ON) reported second quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.74 beating the consensus estimate of $0.71 by $0.03. Revenue reached $1.6 billion, surpassing the analyst estimate of $1.59 billion and representing a 9% increase YoY from $1.47 billion in the second quarter of 2025.

Investing.com16d agobullish
Palantir lifts annual outlook after Q2 revenue jumps 93% on AI demand, shares jump

Investing.com -- Palantir Technologies raised its full-year revenue and profit guidance on Monday after reporting a 93% jump in second-quarter revenue that beat Wall Street expectations, driven by robust demand for its artificial intelligence software from government and commercial customers, sending its shares up 9% in extended trading.