Palantir shares surged 16% after the company reported stronger-than-expected second-quarter results, driven by explosive U.S. commercial demand for AI software and rising interest in sovereign AI tools.
Alibaba shares climbed 5% after the company unveiled Qwen3.8-Max, its most advanced AI model to date, positioning it against leading models from OpenAI, Anthropic, and Google.
OpenAI, Anthropic, and other leading AI companies face increased regulatory scrutiny as the European Union begins enforcing key provisions of its landmark AI Act.
Amazon’s market capitalization surpassed $3 trillion for the first time after a strong quarterly earnings report showed accelerating cloud growth driven by rising demand for AI infrastructure.
AstraZeneca and Bristol Myers Squibb have held discussions about a potential merger valued at more than $400 billion, a deal that would create one of the world’s largest pharmaceutical companies.
Elon Musk suffered the largest personal wealth decline ever recorded after sharp declines in SpaceX and Tesla shares erased $363 billion from his fortune in July.