To The Moon

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. SpaceX $SPCX reported Q2 2026 revenue of $7.8B, up 92% YoY, with EPS of -$0.09 vs -$0.24 expected. EBITDA jumped 191% YoY to $3.5B, driven by strong growth across Space, Connectivity, and AI. Space revenue rose 29% YoY to $962M, Connectivity revenue grew 66% YoY to $4.3B, and AI revenue surged 247% YoY to $2.6B. Starlink subscribers doubled YoY to 12.0M, backlog reached $47.5B, and cash plus marketable securities stood at $100B. SpaceX’s CFO said revenue growth accelerated across all business segments, with strong operating leverage and margin expansion led by new AI compute agreements.

2. AMD $AMD reported a strong Q2 2026, with revenue up 50% YoY to $11.5B and adjusted EPS up 246% YoY to $1.66. Data Center revenue more than doubled, rising 107% YoY to $6.72B, while adjusted EBITDA reached $3.3B and free cash flow came in at $1.6B. CapEx was $808M as AMD continues scaling for AI demand. CEO Lisa Su said the company delivered record revenue and profitability, with accelerating EPYC demand, growing Instinct deployments, and Helios beginning to ramp, positioning AMD for substantial revenue and earnings growth as AI drives broader compute demand.

3. $PLTR Palantir has it's best day since April 2025, closing +29%. Remarks from Wall Street today: “Palantir remains our highest-conviction idea following another significant beat-and-raise, with accelerating sovereign AI demand increasing our confidence in the durability of its growth profile.” “Palantir has solved the critical context/semantic layer problem that is key to unlocking value for mission-critical business processes.” “The high-touch deployment model (FDEs) that once drew criticism increasingly appears to be the blueprint for enterprise AI adoption.” “None are considering moving AI apps/agents off of Foundry/AIP to AI-native alternatives.” “Bear case on AI-native competition likely overstated.” Comments came from Rosenblatt, Truist, and Morgan Stanley. Citigroup raised its target to $245 from $200, Piper Sandler reiterated Overweight with a $230 target, Mizuho raised to $215 from $185, Goldman Sachs raised to $204 from $183, and DA Davidson raised to $200 from $175.