The stock market closed higher on Tuesday, led by a rebound in technology and AI-related stocks. Lower oil prices and Treasury yields helped ease inflation and interest-rate concerns.
Overall, S&P 500 rose 0.3% to 7,677, while Nasdaq went up 0.7% to 26,151.
Chart of the Day
Here is the one-year chart of Palantir (PLTR) as of August 10, 2026, when the stock was at $175.
Last quarter, Palantir delivered 156% profit growth on 93% revenue growth, driven by the rapid growth of its US business and strong demand for its AI platform. US revenue grew 115% year-over-year and now makes up 81% of the company’s total revenue. US revenue growth has accelerated from 77% 4QtrsAgo to 93% 3QtrsAgo, 104% 2QtrsAgo, and 115% last quarter.
US Commercial has been Palantir’s best segment for a while now. Companies are lining up to buy. Last quarter, US Commercial recorded 150% revenue growth. The demand also showed up in new contracts, with Palantir closing $2.13 billion in US commercial bookings, up 153% year over year, its biggest quarter ever.
PLTR is currently in our Growth Portfolio.
