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Aug 4 Wall Street Surges to Record Highs as Earnings Blowouts and Falling Oil Fuel Risk-On Rally
$PLTR $SNAP
Mukund Mohan
August 04, 2026
Market
“Chipmakers clawed back recent losses, led by Micron $MU ( ▼ 0.11% ) +8.0%, Broadcom $AVGO ( ▲ 0.07% ) +6.1%, and Nvidia $NVDA ( ▲ 0.82% ) +2.4%.” 😊 😋
All eyes turn to post-market earnings webcasts from AMD $AMD ( ▲ 1.65% ) (for AI compute demand metrics) and SpaceX $SPCX ( ▲ 5.15% )
Palantir Technologies $PLTR ( ▲ 1.03% ): Soared +29.3% after reporting 93% YoY revenue expansion in an "otherworldly" quarter and raising full-year 2026 targets. Caterpillar $CAT ( ▼ 0.11% ) : Jumped +6.5% (surpassing $20B in quarterly sales) on surging power turbine demand for AI data centers alongside core infrastructure backlog growth.
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