AI and Semiconductor Stocks Were Dragged Down in Morning Trading After Palantir’s News; SoundHound AI and Youdao Fell Over 4%
AI and semiconductor stocks were dragged down in morning trading after Palantir’s news; $SoundHound AI Inc$ and $Youdao$ fell over 4%.Palantir reported second-quarter earnings and revenue in line with the consensus estimates. On a GAAP basis, the company reported profitability for a third straight quarter.The company also raised the mid-point of full-year revenue guidance, calling for top-line excess of $2.212 billion, compared to the previous outlook of $2.185 billion to $2.235 billion. It also