Aug 5, 2026
Palantir Technologies reported second-quarter sales far exceeding Wall Street estimates and raised its full-year revenue and income forecasts, with US commercial revenue more than doubling year-over-year. The stock surged 12% following the announcement.
Coinbase reported a $359 million net loss for Q2 2026 on revenue of $1.22 billion, below the $1.29 billion consensus. This marks the company's third consecutive quarterly loss as crypto trading activity slowed, though prediction markets revenue doubled and trading market share hit a record 10.3%.
Anthropic is closing a $1.5 billion joint venture with Blackstone, Goldman Sachs, and other Wall Street firms to sell AI tools to private-equity-backed companies. OpenAI is launching a similar enterprise-focused joint venture with asset managers.