Palantir Crushes Earnings, Apple in Talks with Intel

Markets dipped Monday amid a flare-up in the Iran conflict, with the S&P 500 down 0.4%, Nasdaq off 0.2%, and Dow lower by over 1%. Oil remains 50% above pre-war levels despite a ceasefire holding, and the 10-year Treasury yield reached 4.45%, its highest since July. Stocks have largely shrugged off the tensions, treating them as background noise with expectations of diplomacy. Bitcoin showed signs of recovery, surpassing $80,000 for the first time since early July, up 17% in the past month but still needing another 50% rally to hit all-time highs.

Palantir's Blowout Earnings Face Valuation Scrutiny

Palantir reported exceptional Q1 results, with revenue up 85% year-over-year to $1.6 billion—its fastest growth since going public in 2020. Net income quadrupled to $876 million, margins exceeded 50%, and the company raised its full-year revenue guidance to $7.65 billion from $7.2 billion. Government revenue surged 84% to $687 million, boosted by deals like a $1 billion Homeland Security contract and $300 million with the Department of Agriculture; its Maven battlefield system saw usage quadruple amid the Iran war. U.S. commercial revenue grew even faster at 133% to $595 million.