S&P 500 Futures Rise as Palantir Lifts Outlook and AMD Prepares Earnings Report

3 min read | August 06, 2025 03:09 AM AEST | By Team Kalkine Media

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S&P 500 Futures Rise as Palantir Lifts Outlook and AMD Prepares Earnings Report — Image source: Shutterstock

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Highlights

S&P 500 futures edge higher as major indexes build on Monday’s momentum

Palantir shares advance on upbeat earnings and strong AI platform demand

AMD prepares to report second-quarter earnings amid export license developments

The technology and semiconductor sector saw movement early Tuesday as s&p 500 futures gained further traction after a strong rebound session. The Nasdaq showed a modest advance in early trading hours, continuing gains from the previous day, while the Dow Jones Industrial Average remained relatively flat. Gold and oil futures moved lower, and the yield on the benchmark ten-year Treasury note ticked upward. Bitcoin hovered close to previous levels.

Palantir Lifts Revenue Forecast on AI Platform Demand

Shares of Palantir Technologies Inc. (NYSE:PLTR) moved sharply higher in premarket activity after the company posted second-quarter results exceeding expectations. Revenue reached a record high, fueled by a jump in both commercial and U.S.-based segments. The company's artificial intelligence platform played a central role in the revenue expansion, contributing to increased business activity. Palantir updated its third-quarter revenue guidance to a range above previous estimates, also raising its full-year revenue expectations.

AMD Earnings Awaited as Semiconductor Industry Watches Closely

Advanced Micro Devices Inc. (NASDAQ:AMD) is set to release its latest quarterly earnings after the market closes today. The chipmaker has seen its shares rise ahead of the report, with attention focused on data center and updates surrounding export conditions. AMD previously addressed the regulatory impact on its MI308 chip shipments but noted its intention to resume exports following pending approval. Current estimates indicate revenue growth from the same period last year.

Taiwan Semiconductor Takes Disciplinary Steps After Leak Investigation

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) reportedly dismissed certain employees after an internal inquiry uncovered the unauthorized sharing of confidential data. The incident involved trade-sensitive information, prompting swift corporate action. The company has not disclosed the exact nature or scope of the leaked content but confirmed steps were taken to reinforce data governance protocols.

Vertex Shares Slide After Discontinued Pain Drug Development

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) experienced a drop in share price following the decision to end a late-stage development program. The company concluded that the latest testing phase for its pain treatment candidate did not meet required benchmarks. The move marked a shift in the firm’s strategic pipeline priorities. No further clinical trials are planned for this treatment candidate.

Frequently Asked Questions

What time will AMD release its earnings?
AMD will release its quarterly financial report after the closing bell today.
Why is Palantir's stock up today?
Palantir shares rose following strong earnings and an improved sales outlook driven by AI platform demand.
What happened with Taiwan Semiconductor?
Taiwan Semiconductor dismissed employees after discovering a leak of sensitive internal information.

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