PLTR Q2 beat and ORCL +9.2% anchor a record session for AI megacaps

Monday's session was anchored by an earnings print and broadened by a sector re-rating. Palantir delivered a second-quarter beat and raised its full-year revenue guidance — the twelfth consecutive quarter of U.S. commercial acceleration — and the tape responded across every major AI infrastructure name on the slate.

$PLTR — Q2 beat, twelfth straight U.S. commercial quarter, full-year guidance raised

Revenue growth reaccelerated in U.S. commercial for the twelfth consecutive quarter. Management raised its full-year sales outlook. D.A. Davidson's head of technology research, Gil Luria, called Palantir the "best" publicly traded technology company following the print. Palantir shares rose on the session.

$ORCL +9.2% — session's largest single-day move

Oracle posted the day's biggest gain at 9.2%, though the stock entered Monday approximately 28% below where it began the year — context worth keeping. A CACI partnership for U.S. Office of Personnel Management HR IT modernization added a federal contract dimension. The broader driver was the same AI infrastructure re-rating running across the sector.

$META +6.0%, $MSFT +4.9%, $GOOGL +4.9%, $AMZN +4.6% — the hyperscaler cohort

Last week's round of hyperscaler Q2 earnings — described in coverage as having "flipped the AI capex narrative" — continued to reprice the megacap basket Monday. $MSFT broke out of a cup-base pattern, extending last week's beat-and-raise response. $META advanced on the same data center buildout framing; one portfolio manager compared its expansion pace directly to SpaceX's. $GOOGL gained 4.9% despite a new antitrust lawsuit filed by Teads seeking financial damages under a recent federal court ruling. The Dow closed at a record; Trump's announcement of restarted Iran talks provided macro support, with oil stocks underperforming as a direct consequence.

$SPCX +5.7% and $TSLA +3.5%

$SPCX gained 5.7% ahead of SpaceX's first-ever quarterly earnings report, due Tuesday. A $104 billion insider share unlock is also on the calendar this week; Elon Musk publicly characterized the pre-unlock dip as a buying opportunity. $TSLA added 3.5% as NHTSA opened a 1.2 million-vehicle safety probe covering Model 3 and Model Y suspension failures — investors extended the stock's recent recovery, looking past the investigation in the near term.

Filings desk

No substantive insider transactions or material corporate filings cleared the gate today.

What we set aside

One ticker — $BRK-B — was examined and produced no filings or substantive news within the window.

The desk is watching SpaceX's first public quarterly earnings disclosure Tuesday, alongside the timeline for the $104 billion share unlock that could reshape $SPCX's public float.