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1. Leader industry as of 5:41 pm

Mining-Gold/Silver/Gems related stocks: Newmont Corporation(NEM.US), Agnico Eagle Mines Limited(AEM.US) , Barrick Mining(B.US) , Wheaton Precious Metals Corp(WPM.US)

Quick Summary and Outlook

Market recap

U.S. tech stocks continued their strong rebound from the "Leopold Low," with the PowerShares QQQ Trust,Series 1(QQQ.US) gaining +3.4% on the day and roughly +10% cumulatively over four sessions, while the SOX has surged over +15% from the trough

. Market breadth improved meaningfully across the board. The tone has shifted from panic recovery to a "wait-and-see" mode, with a choppy upward trajectory expected in the coming weeks

▎Broad Sector Strength: Semis & Hardware Lead

Unlike yesterday's hyperscaler-driven rally, today's move was broad-based with semiconductors leading the charge:

Sector	1-Day %
Apple Suppliers	+7.3%
Semiconductors	+6.6%
Hardware	+6.5%
Network Equipment	+6.4%
Quantum	+5.9%
Semi Equipment	+5.1%
Expensive Software	+4.7%
Security Software	+4.6%
Software	+3.2%
Internet	+2.9%
Telecom	-0.4%

Within AI sub-sectors, AMZN Trainium Infrastructure (+8.5%), Optical (+7.8%), and Memory Exposed (+6.7%) were the top performers .

▎The Headline: Palantir(PLTR.US) +30% — Earnings Blowout

Palantir (PLTR) surged +30% in the single biggest move of the day. The company reported Q2 revenue of $1.935 billion (+93% YoY), with U.S. commercial revenue skyrocketing 149% YoY and full-year guidance raised to over 82% growth . Bulls embraced Karp's "sovereign AI" narrative, arguing the stock deserves a re-rating against high-growth peers like Snowflake and Datadog. The stock had been heavily shorted ahead of earnings due to weak third-party surveys, and the accelerating growth triggered a massive short squeeze.

▎Semiconductors: Broad Rally, Diverging After-Hours Signals

The Philly Semiconductor Index jumped +6.6% on the day, with nearly every major name participating :

🔥 Leaders

• Arm Holdings(ARM.US)+17.4% and Marvell Technology(MRVL.US) +12.8% led the AI chip segment
• Intel Corporation(INTC.US) +10.8%, Super Micro Computer, Inc.(SMCI.US) +10.6%, Teradyne, Inc.(TER.US)+10.3% staged strong rebounds
• Optical surged on news that the Trump administration is weighing a ban on Chinese-made optical transceivers for AI data centers: Coherent Corp.(COHR.US) +12.4%, Lumentum Holdings, Inc.(LITE.US) +9%, Corning Inc(GLW.US) +9.0%. However, non-Chinese suppliers currently lack the capacity to fully replace Chinese production, and the feasibility of the ban remains in question

⚠️ After-Hours Divergence

• Arista Networks Inc(ANET.US) +11% AH: Q2 revenue grew 38% YoY (vs. 28% consensus), with Q3 guidance accelerating to 43% — the largest beat since October 2022. Operating margin approaching 50%
• Advanced Micro Devices, Inc.(AMD.US) -7% AH: Q2 revenue of $11.54B beat Wall Street consensus ($11.31B), but buy-side expectations had priced in as high as $12B. Q3 guidance of $13B also missed the buy-side estimate of $13.2B. The narrative remains tied to the 2027+ product cycle, but Helios rack-scale production execution risk is a real concern
• Astera Labs(ALAB.US) reversed from +8% intraday to -2% AH — results beat estimates but the stock was already heavily priced in

▎Internet: Mixed, AMZN Weighs

• Amazon.com, Inc.(AMZN.US) -2.3%: Jeff Bezos announced plans to sell $4 billion worth of stock, weighing on the shares
• Most other internet names traded higher, keeping the sector in positive territory (+2.9%)

▎Other Key Developments

SpaceX(SPCX.US) -7% AH: Revenue of $7.81B beat expectations ($7.11B consensus), but Starlink came in slightly below estimates. The AI business benefited from ~$1.6B in new cloud agreements. Elon Musk disclosed on the call that xAI would reach 2GW of compute by year-end and nearly 10GW by the end of next year, and that it remains exclusively on NVIDIA (NVDA +1% AH).

Lattice Semiconductor Corporation(LSCC.US) posted a strong beat: revenue exceeded estimates by 9%, with Q3 guidance beating Street expectations by 11%, and its FPGA business on track for 65% YoY growth.

Memory saw a bounce (+6.7% for Memory Exposed sub-sector), with Sandisk Corporation(SNDK.US) +10.8%. However, structural concerns over Korean capacity and CXMT (Changxin Memory) expansion persist, though Bank of America remains bullish on long-term AI memory demand, arguing DRAM supply constraints will last through 2027 .

▎Summary Table: Top Movers

Stock	1-Day %	Driver
Palantir(PLTR.US)	+30.0%	Q2 revenue +93% YoY, guidance raised
Wix.com Ltd.(WIX.US)	+17.5%	Sector-wide software rally
Arm Holdings(ARM.US)	+17.4%	AI chip leader
Snap(SNAP.US)	+14.9%	Digital ad recovery
Marvell Technology(MRVL.US)	+12.8%	AI networking demand
Coherent Corp.(COHR.US)	+12.4%	Optical ban news
Intel Corporation(INTC.US)	+10.8%	Rebound play
Super Micro Computer, Inc.(SMCI.US)	+10.6%	AI server demand
Amazon.com, Inc.(AMZN.US)	-2.3%	Bezos $4B stock sale
Vistra Corp.(VST.US)	-8.2%	AI power pullback

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▎One-Sentence Summary

Yesterday U.S. market delivered a broad-based rally with semiconductors (+6.6%) and software leading the charge, anchored by PLTR's +30% earnings blowout, while the optical sector surged on China ban speculation and after-hours action revealed a sharp divide between ANET's massive beat and AMD's buy-side disappointment. The market has shifted from panic recovery into a "show-me" phase — a choppy upward trajectory remains the base case, but sector and stock-level divergence will only intensify from here.

2. Breaking Out Today as of 5:41 pm

3. Near Breakouts as of 5:41 pm

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