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1.	Palantir Stock Surges as U.S. Enterprise Sales Jump By Laura Bratton Source: The Information

Palantir reported accelerating revenue growth for the June quarter driven by continued expansion of its sales to U.S. businesses. The jump drove the company’s stock up more than 10% in extended trading hours.

The software firm said Monday that U.S. commercial revenue climbed 149% to $764 million, an even bigger jump than the segment’s 133% growth in the March quarter. Palantir said the value of contracts it closed with U.S. firms during the June quarter surged to a record-setting $2.1 billion, up 153% from the previous year.

Overall revenue grew 93% to more than $1.9 billion, topping Palantir’s previous forecast. Sales to the U.S. government also jumped 90% to $809 million for the three months through June 30, after climbing 84% in the previous quarter.

As it did in its previous quarterly report, the company again raised its revenue guidance for the full year to between $8.15 billion and $8.158 billion, from its projection of around $7.66 billion in May.

CEO Alex Karp has tried to market Palantir as a more enterprise-friendly way for businesses to use AI than dealing directly with the big AI labs. He continued pushing the message in his quarterly letter to shareholders.

“Every organization in the world is awakening to the risks of handing the creators of the language models the keys to their institutions, of letting the models loose within their homes,” he wrote.

Palantir’s results for the previous quarter had failed to impress investors, who sold off the stock following the March quarter results as traders called attention to Palantir’s high valuation, despite the company outperforming its own projections. The stock has since recovered somewhat from its 2026 low point, hit in June.

2.	Trump Administration Mulls Ban on Chinese Data Center Devices By Jing Yang Source: Reuters

The Trump Administration is planning to ban U.S. imports of data center components from China, Reuters reported, citing people familiar with the matter.

The Federal Communications Commission is drafting the measure, which aims to prevent Chinese from installing malware or stealing data in U.S. data centers, according to Reuters, adding that officials are aiming for the import restrictions to take effect this year.

The components that would be covered by the ban include optical transceivers, a hot-pluggable hardware module that converts electrical signals into light pulses and back to transmit data, which is essential to data centers running efficiently.

3.	Major PC Makers Start Using Memory Chips From China’s CXMT By Juro Osawa Source: Nikkei Asia

Major personal computer makers including HP, Asus and Acer have started using small amounts of chips from Chinese memory maker ChangXin Memory Technologies, Nikkei Asia reported.

The move by the PC makers comes as the global tech industry is facing a severe shortage of memory chips due to soaring demand for AI infrastructure around the world.

CXMT makes Dynamic Random Access Memory, which helps phones, computers and servers quickly retrieve data while running programs. The Chinese company has quickly become the biggest challenger to Samsung Electronics, SK Hynix and Micron, the three companies that dominate the memory-chip industry. Its share of global DRAM sales rose to 8% in the first quarter from 3% a year earlier, making it the world’s fourth-largest supplier, according to research firm Counterpoint Research.

4.	Microsoft Closes Up for 2026, Finally By Martin Peers Source: The Information

Shares of Microsoft closed 0.8% higher than where it finished 2025, the first time all year it closed up for the year so far, Koyfin data shows. The stock has rallied 25% since last Wednesday, when Microsoft reported its June quarter earnings showing accelerating growth in both its cloud business and sales of AI-powered chatbot services.

Meanwhile, Amazon closed Monday with a market capitalization above $3 trillion for the first time, reflecting its 21% rally since it reported earnings last Thursday showing sharply accelerating growth in its cloud unit.

Both stocks were rallying on a generally upbeat day on the market. Their gains may not last: both were trading down in after-hours trading.

5.	Snap Revenue Shows Improvement in Q2 But User Count Stays Flat in U.S. By Martin Peers Source: The Information

Snap reported 19% higher revenue of $1.599 billion for the June quarter, along with higher profits as measured before deductions for interest, depreciation, amortization and stock compensation. Snap stock, which has been trading near its historic lows, rose 9% in after-hours trading to $5.50.

The growth reflected 9% higher ad revenues, a still-anemic growth rate compared to other big ad-based tech companies, but a big improvement on the 2.7% growth rate of the first quarter. At the same time, subscription and other revenue rose 85%, lifting the overall growth rate.

Despite the improvement, Snap’s user base is still not growing where it matters most—the U.S. and Europe. Snap’s North American daily active users stayed flat at 92 million in the quarter, compared with the first quarter. It has fallen 7% over the past 12 months. The European DAU count picked up to 98 million, compared with 97 million in the first quarter, but that’s still down 2% from a year ago. Snap’s user growth is coming mostly from other parts of the world, which are much smaller sources of revenue.