Evening Scan

Earnings did the talking today: Palantir and Snap both beat estimates and popped after hours, while Amazon hit the $3T market cap on the back of Monday's rally. Apple's legal team spent the day trying to keep OpenAI out of its trade secrets. OpenAI spent the day publicly disagreeing.

Palantir posts $1.94B quarter, guides higher, stock jumps 14%

US commercial revenue up 149% — this is no longer just a government contractor story. (CNBC)

Snap beats on revenue and DAUs, guides Q3 above estimates

Up 10%+ after hours; the Specs preorder questions can wait for a quarter this good. (CNBC)

Amazon becomes the fifth company to hit a $3T market cap (paywall)

Joins Nvidia, Alphabet, Microsoft, and Apple — the trillion-dollar club is getting crowded at the top. (Bloomberg)

“After a quarter that delivered $1 billion in profit," Palantir's Alex Karp still called the AI industry "Marxist.” — TechCrunch