Stocks Rally on Strong Tech Earnings; Palantir and Arm Holdings Surge on AI Growth
-
Stock market continues rally, with S&P 500 hitting 5,000 and Nasdaq reaching 2-year highs on strength of AI-related earnings like Palantir and Arm Holdings
-
Palantir revenue up 20% with commercial growth accelerating; shares skyrocket on earnings
-
Chip designer Arm Holdings sees boost from red-hot AI market exposure; shares rocket 50%
-
Eli Lilly gets lift from strong diabetes and weight-loss drug sales; guides higher for 2024
-
Snap and Pinterest plunge on weak revenue numbers; cybersecurity earnings mixed bag